1170 CARROLLTON Avenue Metairie, LA 70005
MULTI_FAMILY - Metairie, LA
Property Features for 1170 CARROLLTON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 0820004786
- Size
- 1,999 SF
Taxes and HOA fees
- Tax Description
- Lot 1 Sq 84 Metairieville
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Anne Favret License #995705535 (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date Jun 19, 2026
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is positioned in an established area and described as offering convenient access to Downtown New Orleans, major employment hubs, healthcare facilities, and Louis Armstrong New Orleans International Airport. The remarks also reference proximity to shopping, dining, and major transportation corridors, supporting a broad tenant draw across day-to-day needs.
For buyers and investors, this duplex can serve as an entry point to multifamily ownership while maintaining a simpler, two-unit structure compared with larger apartment buildings. The separate units may be useful for those looking to diversify rental exposure within one asset. As presented, it offers a straightforward residential income setup with tenant occupancy already in place, subject to verification of unit details and any existing leases.
Key Highlights
- Tenant‑occupied duplex with established rental occupancy in place for immediate income potential
- Duplex offers two separate units, providing income diversification versus a single‑family rental
- Central heat and central air
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 |
