Old Metairie Brick
195-97 Metairie Court Metairie, LA 70001
195-97 Metairie Court, Metairie, LA, 70001
$469,000
For Sale
$469,000
Well-maintained duplex in prime Old Metairie location.
Property Size2,790 SF
Lot Size0.21 Acres
Price / SF$168.10
Days on Market80
Property Features for 195-97 Metairie Court
General Information
- Standard status
- Active
- Size
- 2,790 SF
- Lot size
- 0.21 Acres
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1960
Listing Agency
RE/MAX Affiliates
(504) 258-0375
Listed by
Frank Barrett · License #000056701
(504) 258-0375
Source
Compass
Added: Apr 30 Checked: Jul 17 at 4:52 am
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 RE/MAX Affiliates
Investment Insights
Based on property information with market context.
This well-built brick double is situated in an excellent location in Old Metairie, offering convenient access to Metairie Road and I-10, as well as Veterans Boulevard. The property features a larger unit, suitable for either owner occupancy or rental, with a large family room. The smaller front unit has a 3-bedroom, 2-bathroom layout and has a history of being easily rented. The property has not flooded. The lot measures 75x120 and includes a fenced yard. The property size is 2790 square feet. This residential income property is comprised of two units.
Key Highlights
- Excellent location in Old Metairie with easy access to Metairie Rd, I‑10, and Veterans Blvd.
- Brick double with potential for owner‑occupancy or rental income from the larger unit.
- Smaller front unit is a 3 bedroom/2 bathroom and easily rented.
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 | $45.2k | $16.20 |
| − Vacancy | −$2.6k | −$0.92 |
| EGI | $42.6k | $15.28 |
| − OpEx | −$12.8k | −$4.58 |
| NOI | $29.8k | $10.69 |
2,790 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.2K
$372.9K – $497.3K
NOI $29,835 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$370.9K
$324.6K – $432.7K
NOI $25,964 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$653.3K
$571.7K – $762.2K
NOI $45,734 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex in prime Old Metairie location.
Where is this duplex located?
The property is located at 195-97 Metairie Court Metairie, LA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Excellent location in Old Metairie with easy access to Metairie Rd, I‑10, and Veterans Blvd.; Brick double with potential for owner‑occupancy or rental income from the larger unit.; Smaller front unit is a 3 bedroom/2 bathroom and easily rented.
