Duplex with Updated
New
For Sale
$285,000
2032-34 JAMES Drive, Marrero, LA 70072
Multi-Family, Traditional, Marrero, LA
Property Size2,000 SF
Price / SF$142.50
Days on Market7
Property Features for 2032-34 JAMES Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street
Lot features
Regular
Standard status
Active
APN
0420000347
Size
2,000 SF
Taxes and HOA fees
Tax Description
AS PER TITLE
Legal Description
AS PER TITLE
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Century 21 J. Carter & Company · Century 21 Real Estate
(504) 810-2825
Listed By:
Kristin Lumpkin · License #995692357
(504) 275-9119
Added: Oct 9
Last Checked: Oct 15 at 6:06AM
MLS# 2580903
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex, built in 1980, contains two residences with three bedrooms and two bathrooms apiece. Both units have updated kitchens and bathrooms, new flooring, new HVAC systems, and fresh paint. Central heating and air conditioning serve the property, which has a shingle roof and off-street parking. Public water is available.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,000 square feet total
- Updated kitchens and bathrooms in both units
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
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Current Use
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature refreshed kitchens and baths, new flooring, and new HVAC systems.
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 3 bedrooms and 2 bathrooms; 2,000 square feet total; Updated kitchens and bathrooms in both units
