1236 CARROLLTON Avenue, Metairie, LA 70005
- Added:
- Jun 19, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 20 at 1:06 pm
Property Features for 1236 CARROLLTON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Driveway
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 0820001415
- Size
- 2,438 SF
Taxes and HOA fees
- Tax Description
- Lot D Sq 90 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
- 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.
HighLights
- Tenant‑occupied duplex with established rental occupancy in place
- Two separate units for rental income diversification
- Central heating and central air conditioning
- Porch and public water service
- Driveway and off‑street parking
- Built in 1960
Overview
Located 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, supporting a broad tenant base.
For investors seeking a smaller multifamily structure, this duplex provides diversification of rental revenue across two units rather than relying on a single-family setup. The existing occupied status may appeal to buyers looking to transition with rental tenants already in place, while those planning for portfolio expansion may value the property’s duplex configuration and established occupancy. The property is listed for sale at 1236 Carrollton Avenue, Metairie, LA 70005.
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 | $39.5k | $16.20 |
| − Vacancy | −$2.3k | −$0.92 |
| EGI | $37.2k | $15.28 |
| − OpEx | −$11.2k | −$4.58 |
| NOI | $26.1k | $10.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Metairie
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.125305
- Latitude
- 30.008507
