Duplex with
For Sale
$159,000
Pending
1346-48 S DILTON Street, Metairie, LA 70003
Two-unit residential income property with window air-conditioning units and a dedicated driveway.
Property Size1,067 SF
Days on Market168
Property Features for 1346-48 S DILTON Street
General Information
Standard status
Pending
Size
1,067 SF
Total Parking Spaces
1
Property subtype
Residential Income
Amenities
Window Unit(s)
Other
Driveway
Building Details
Stories
1
Listing Agency:
XLV Realty
(504) 289-2775
Listed By:
Lloyd Clark · License #995698721
(504) 289-2775
Source:
Evrealestate
Added: Mar 18
Changed: Aug 30
Last Checked: Sep 1 at 2:46PM
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 XLV Realty
Investment Insights
Based on property information with market context.
This duplex is configured as a two-unit residential income property at 1346-48 S Dilton Street in Metairie, Louisiana. Interior features include window unit air conditioning, while the exterior includes a driveway.
The property is located in Jefferson Parish. Access is described from Airline through Little Farms, Mistletoe, and S. Dilton Street, with the home positioned on the right side of the street.
The property is located in Jefferson Parish. Access is described from Airline through Little Farms, Mistletoe, and S. Dilton Street, with the home positioned on the right side of the street.
Key Highlights
- Duplex configuration with two residential units
- Window unit air conditioning
- Driveway included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,410
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$228,200
$228.2K
Cap Rate 7%
$163,000
$163.0K
Cap Rate 9%
$126,778
$126.8K
Market Conditions
NOI Build-Up for 1,067 SF
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.
Gross rent
$17.3K $16.20/SF
− Vacancy
−$985 −$0.92/SF
EGI
$16.3K $15.28/SF
− OpEx
−$4.9K −$4.58/SF
NOI
$11.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$228,200
Cap Rate 7%
$163,000
Cap Rate 9%
$126,778
Alternative Uses
Best Use
Multifamily LT 5
$163.0K
$142.6K – $190.2K
NOI $11,410 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$141.9K
$124.1K – $165.5K
NOI $9,930 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$249.9K
$218.6K – $291.5K
NOI $17,491 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with window air-conditioning units and a dedicated driveway.
Where is this duplex located?
The property is located at 1346-48 S DILTON Street Metairie, LA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Duplex configuration with two residential units; Window unit air conditioning; Driveway included
