Renovated
1300 S Dilton Street, Metairie, LA 70003
For Sale
$255,000
Separate utility meters and a double driveway provide distinct utility service and on-site parking.
Property Size1,950 SF
Price / SF$130.77
Days on Market171
Property Features for 1300 S Dilton Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Individually Metered Utilities
Tenant in Place
Building Details
Building Size
Year Built
Units
Listing Agency:
Innovation Realty
(504) 228-4622
Listed By:
Neyda B Chacon · License #995702978
(504) 906-3789
Source:
Cypresskeyrealty
Added: May 21
Changed: Nov 7
Last Checked: Nov 7 at 2:19PM
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 Innovation Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,950-square-foot duplex was built in 1952 and has updates to both units. Improvements include HVAC systems, water heaters, windows, flooring, insulation, sheetrock, plumbing, stainless steel appliances, and interior paint. Separate utility meters serve the property.
The property occupies a corner lot in Metairie, between Kenner and River Ridge, with a double driveway for parking.
The property occupies a corner lot in Metairie, between Kenner and River Ridge, with a double driveway for parking.
Key Highlights
- 1,950‑square‑foot duplex built in 1952
- Both units updated with new HVAC systems and water heaters
- Improvements include windows, flooring, insulation, sheetrock, plumbing, appliances, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,853
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,060
$417.1K
Cap Rate 7%
$297,900
$297.9K
Cap Rate 9%
$231,700
$231.7K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$31.6K $16.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$29.8K $15.28/SF
− OpEx
−$8.9K −$4.58/SF
NOI
$20.9K $10.69/SF
Area
Metairie, LA
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,060
Cap Rate 7%
$297,900
Cap Rate 9%
$231,700
Alternative Uses
Best Use
Multifamily LT 5
$297.9K
$260.7K – $347.6K
NOI $20,853 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$259.2K
$226.8K – $302.5K
NOI $18,147 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$456.6K
$399.6K – $532.8K
NOI $31,965 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 70003, LA
40,068
Population
17,479
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
5,724
Density / Sq Mi
$76,151
Median Household Income
$45,102
Median Earnings
$1,191
Median Rent
$255,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Metairie, LA
Properties on Market for Duplexes in Metairie
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and a double driveway provide distinct utility service and on-site parking.
Where is this duplex located?
The property is located at 1300 S Dilton Street Metairie, LA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,950‑square‑foot duplex built in 1952; Both units updated with new HVAC systems and water heaters; Improvements include windows, flooring, insulation, sheetrock, plumbing, appliances, and paint
