Tenant-Occupied Duplex
1170-72 Carrollton Avenue Metairie, LA 70005
1170-72 Carrollton Avenue, Metairie, LA, 70005
$335,000
For Sale
$335,000
Duplex for sale with established tenant occupancy across two separate units, offering immediate rental income potential.
Property Size1,999 SF
Price / SF$167.58
Days on Market38
Property Features for 1170-72 Carrollton Avenue
General Information
- Standard status
- Active
- Size
- 1,999 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1960
Listing agency
REVE, REALTORS
(504) 390-2335
Listed by
Anne Favret · License #995705535
(504) 390-2335
Source
Compass
Added: Jun 15 Updated: Jul 21 at 9:19AM Checked: Jul 21 at 9:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REVE, REALTORS
Investment Insights
Based on property information with market context.
This tenant-occupied duplex is offered for sale with rental occupancy already in place and two separate units designed for independent tenancy. The property provides an investor-focused entry point to multifamily ownership with income generated from both units, helping diversify rental revenue compared to a single-family rental.
Located on Carrollton Avenue in Metairie, the duplex offers convenient access to Downtown New Orleans, major employment hubs, healthcare facilities, and Louis Armstrong New Orleans International Airport. It is also positioned near shopping, dining, and major transportation corridors that support broad tenant accessibility.
The seller notes that measurements are not guaranteed. The investment opportunity is presented as a duplex investment opportunity with established rental occupancy at the time of sale.
Located on Carrollton Avenue in Metairie, the duplex offers convenient access to Downtown New Orleans, major employment hubs, healthcare facilities, and Louis Armstrong New Orleans International Airport. It is also positioned near shopping, dining, and major transportation corridors that support broad tenant accessibility.
The seller notes that measurements are not guaranteed. The investment opportunity is presented as a duplex investment opportunity with established rental occupancy at the time of sale.
Key Highlights
- Tenant‑occupied duplex with established rental occupancy in two separate units
- 5 bedrooms and 3 total bathrooms (2 full, 1 partial) across the duplex
- Central air conditioning and central heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $16.20 |
| − Vacancy | −$1.8k | −$0.92 |
| EGI | $30.5k | $15.28 |
| − OpEx | −$9.2k | −$4.58 |
| NOI | $21.4k | $10.69 |
1,999 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$305.4K
$267.2K – $356.3K
NOI $21,377 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$265.8K
$232.5K – $310.1K
NOI $18,603 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$468.1K
$409.6K – $546.1K
NOI $32,768 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex for sale with established tenant occupancy across two separate units, offering immediate rental income potential.
Where is this duplex located?
The property is located at 1170-72 Carrollton Avenue Metairie, LA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Tenant‑occupied duplex with established rental occupancy in two separate units; 5 bedrooms and 3 total bathrooms (2 full, 1 partial) across the duplex; Central air conditioning and central heating
