Corner-Lot Duplex with Private
For Sale
$309,999
200 Houma Blvd, Metairie, LA 70001
Two separate units provide private fenced outdoor areas, in-unit laundry, and a single-car garage.
Property Size1,746 SF
Price / SF$177.55
Days on Market86
Property Features for 200 Houma Blvd
General Information
Standard status
Active
Size
1,746 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
private fenced yard
in-unit washer and dryer
Building Details
Year Built
1956
Listing Agency:
Tuxor Realty
(713) 893-5580
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Jul 23
Changed: Oct 15
Last Checked: Oct 16 at 8:30AM
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 Tuxor Realty
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Investment Insights
Based on property information with market context.
This duplex contains two separate units: a 1-bedroom/1-bath residence and a 2-bedroom/1-bath residence. Each unit has a private fenced yard and its own washer and dryer. The property also includes a single-car garage that can serve parking or storage needs.
Built in 1956, the 1,746-square-foot property received a new roof and updated underground plumbing in 2023. A new central A/C system was installed in the 2-bedroom unit in 2025. The duplex is positioned on a corner lot in Metairie’s Flood Zone X at 200 Houma Blvd.
The property is near shopping, restaurants, schools, Airline Drive, Veterans Boulevard, and major commuter routes. Its two-unit configuration supports rental occupancy or owner use with additional rental income, as described for the property.
Built in 1956, the 1,746-square-foot property received a new roof and updated underground plumbing in 2023. A new central A/C system was installed in the 2-bedroom unit in 2025. The duplex is positioned on a corner lot in Metairie’s Flood Zone X at 200 Houma Blvd.
The property is near shopping, restaurants, schools, Airline Drive, Veterans Boulevard, and major commuter routes. Its two-unit configuration supports rental occupancy or owner use with additional rental income, as described for the property.
Key Highlights
- Two‑unit duplex with one 1‑bedroom/1‑bath unit and one 2‑bedroom/1‑bath unit
- 1,746‑square‑foot property on a corner lot
- Private fenced yard included with each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,671
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,420
$373.4K
Cap Rate 7%
$266,729
$266.7K
Cap Rate 9%
$207,456
$207.5K
Market Conditions
NOI Build-Up for 1,746 SF
Gross rent
$28.3K $16.20/SF
− Vacancy
−$1.6K −$0.92/SF
EGI
$26.7K $15.28/SF
− OpEx
−$8.0K −$4.58/SF
NOI
$18.7K $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%
$373,420
Cap Rate 7%
$266,729
Cap Rate 9%
$207,456
Alternative Uses
Best Use
Multifamily LT 5
$266.7K
$233.4K – $311.2K
NOI $18,671 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$232.1K
$203.1K – $270.8K
NOI $16,248 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$408.9K
$357.8K – $477.0K
NOI $28,621 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
643
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units provide private fenced outdoor areas, in-unit laundry, and a single-car garage.
Where is this duplex located?
The property is located at 200 Houma Blvd Metairie, LA.
What is the asking price?
The asking price for this property is $309,999.
What are key features of this property?
This property features: Two‑unit duplex with one 1‑bedroom/1‑bath unit and one 2‑bedroom/1‑bath unit; 1,746‑square‑foot property on a corner lot; Private fenced yard included with each unit
