Brick Duplex with Fenced
For Sale
$449,000
195 97 Metairie Ct, Metairie, LA 70001
Two residential units include a larger layout and a front three-bedroom, two-bath unit.
Property Size2,790 SF
Price / SF$160.93
Days on Market90
Property Features for 195 97 Metairie Ct
General Information
Standard status
Active
Size
2,790 SF
Property subtype
Multi-Family
Building Details
Year Built
1960
Listing Agency:
RE/MAX Affiliates
Listed By:
Frank Barrett · License #000056701
(504) 258-0375
Source:
Fiorellaavenue
Added: Jul 20
Changed: Oct 7
Last Checked: Oct 7 at 1:32PM
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
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.
Built in 1960, this brick duplex contains two residential units on a 75-by-120-foot lot. The front unit offers three bedrooms and two bathrooms, while the larger unit includes a family room that can support either owner occupancy or rental use. A fenced yard adds outdoor space to the property.
The property is in Old Metairie, with access toward Metairie Road as well as I-10 and Veterans Boulevard. The 2,790-square-foot building provides a practical configuration for an owner-occupant seeking additional rental space or for a buyer focused on a two-unit residential property.
The property is in Old Metairie, with access toward Metairie Road as well as I-10 and Veterans Boulevard. The 2,790-square-foot building provides a practical configuration for an owner-occupant seeking additional rental space or for a buyer focused on a two-unit residential property.
Key Highlights
- Brick duplex built in 1960
- 2,790‑square‑foot building on a 75‑by‑120‑foot lot
- Front unit includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,835
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,700
$596.7K
Cap Rate 7%
$426,214
$426.2K
Cap Rate 9%
$331,500
$331.5K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$45.2K $16.20/SF
− Vacancy
−$2.6K −$0.92/SF
EGI
$42.6K $15.28/SF
− OpEx
−$12.8K −$4.58/SF
NOI
$29.8K $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%
$596,700
Cap Rate 7%
$426,214
Cap Rate 9%
$331,500
Alternative Uses
Best Use
Multifamily LT 5
$426.2K
$372.9K – $497.3K
NOI $29,835 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$370.9K
$324.6K – $432.7K
NOI $25,964 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$653.3K
$571.7K – $762.2K
NOI $45,734 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 70001, LA
40,068
Population
19,103
Households
2.1
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
6,164
Density / Sq Mi
$70,187
Median Household Income
$43,662
Median Earnings
$1,145
Median Rent
$313,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a larger layout and a front three-bedroom, two-bath unit.
Where is this duplex located?
The property is located at 195 97 Metairie Ct Metairie, LA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Brick duplex built in 1960; 2,790‑square‑foot building on a 75‑by‑120‑foot lot; Front unit includes 3 bedrooms and 2 bathrooms
