Remodeled 3-Bedroom
For Sale
$285,000
2032-34 James Drive, Marrero, LA 70072
Two updated residences feature refreshed interiors, central air, and separate three-bedroom, two-bath layouts.
Property Size2,000 SF
Lot Size0.13 Acres
Price / SF$142.50
Days on Market222
Property Features for 2032-34 James Drive
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.13 Acres
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
Central Air
Central
1
4
6
IN UNIT
Asphalt
Slab: Traditional
Brick
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Century 21 J. Carter & Company
Listed By:
Veronica Ly · License #995716621
(504) 505-5377
Source:
Compass
Added: Mar 13
Changed: Oct 19
Last Checked: Oct 19 at 8:52AM
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 Century 21 J. Carter & Company
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Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains two residences with matching three-bedroom, two-bath layouts. The 2,000-square-foot property has updated kitchens and bathrooms, new flooring, fresh paint, and new HVAC systems. Central air and in-unit features support everyday residential use, while brick construction, a traditional slab foundation, and an asphalt exterior surface complete the improvements.
The property is located at 2032-34 James Drive in Marrero, Louisiana, within ZIP code 70072. Each unit provides a substantial residential floor plan with refreshed finishes and dedicated kitchen and bath areas.
The property is located at 2032-34 James Drive in Marrero, Louisiana, within ZIP code 70072. Each unit provides a substantial residential floor plan with refreshed finishes and dedicated kitchen and bath areas.
Key Highlights
- Two units, each with a 3‑bedroom, 2‑bath layout
- 2,000 square feet of property size
- 5,628‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,948
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,960
$439.0K
Cap Rate 7%
$313,543
$313.5K
Cap Rate 9%
$243,867
$243.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$34.3K $17.16/SF
− Vacancy
−$3.0K −$1.48/SF
EGI
$31.4K $15.68/SF
− OpEx
−$9.4K −$4.70/SF
NOI
$21.9K $10.97/SF
Area
Jefferson County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,960
Cap Rate 7%
$313,543
Cap Rate 9%
$243,867
Alternative Uses
Best Use
Multifamily LT 5
$313.5K
$274.4K – $365.8K
NOI $21,948 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$293.1K
$256.5K – $342.0K
NOI $20,518 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 70072, LA
56,924
Population
22,845
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
51.8 sq mi
ZIP Area
1,099
Density / Sq Mi
$55,866
Median Household Income
$34,411
Median Earnings
$1,091
Median Rent
$190,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences feature refreshed interiors, central air, and separate three-bedroom, two-bath layouts.
Where is this duplex located?
The property is located at 2032-34 James Drive Marrero, LA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two units, each with a 3‑bedroom, 2‑bath layout; 2,000 square feet of property size; 5,628‑square‑foot lot
