Tenant-Occupied
For Sale
$300,000
1170 72 Carrollton Ave, Metairie, LA 70005
Two separate rental units are currently occupied, with established tenancy in place.
Property Size1,999 SF
Price / SF$150.08
Days on Market61
Property Features for 1170 72 Carrollton Ave
General Information
Standard status
Active
Size
1,999 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1960
Listing Agency:
REVE, REALTORS
Listed By:
Anne Favret · License #995705535
(504) 300-0700
Source:
Fiorellaavenue
Added: Aug 6
Changed: Oct 2
Last Checked: Oct 4 at 12:44PM
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 contains two separate rental units within approximately 1,999 square feet. Built in 1960, the property offers a compact multifamily configuration with rental occupancy already established.
The property is located on Carrollton Avenue in Metairie, Louisiana, with stated access to Downtown New Orleans, employment centers, healthcare facilities, Louis Armstrong New Orleans International Airport, shopping, dining, and major transportation corridors. Its two-unit format provides separate rental spaces within one residential income property.
The property is located on Carrollton Avenue in Metairie, Louisiana, with stated access to Downtown New Orleans, employment centers, healthcare facilities, Louis Armstrong New Orleans International Airport, shopping, dining, and major transportation corridors. Its two-unit format provides separate rental spaces within one residential income property.
Key Highlights
- Two‑unit duplex configuration
- Current tenant occupancy in both rental units
- Approximately 1,999 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,377
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,540
$427.5K
Cap Rate 7%
$305,386
$305.4K
Cap Rate 9%
$237,522
$237.5K
Market Conditions
NOI Build-Up for 1,999 SF
Gross rent
$32.4K $16.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$30.5K $15.28/SF
− OpEx
−$9.2K −$4.58/SF
NOI
$21.4K $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%
$427,540
Cap Rate 7%
$305,386
Cap Rate 9%
$237,522
Alternative Uses
Best Use
Multifamily LT 5
$305.4K
$267.2K – $356.3K
NOI $21,377 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$265.8K
$232.5K – $310.1K
NOI $18,603 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$468.1K
$409.6K – $546.1K
NOI $32,768 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 70005, LA
25,431
Population
12,447
Households
2
Avg Household Size
45
Median Age
50%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
6,055
Density / Sq Mi
$86,048
Median Household Income
$53,258
Median Earnings
$1,160
Median Rent
$381,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate rental units are currently occupied, with established tenancy in place.
Where is this duplex located?
The property is located at 1170 72 Carrollton Ave Metairie, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Current tenant occupancy in both rental units; Approximately 1,999 square feet
