Updated Two-Unit
For Sale
$285,000
2032-34 JAMES Drive, Marrero, LA 70072
Multifamily, Marrero, LA
Property Size2,000 SF
Price / SF$142.50
Days on Market15
Property Features for 2032-34 JAMES Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6
Parking features
Off Street
Standard status
Active
APN
0420000347
Size
2,000 SF
Taxes and HOA fees
Tax Description
AS PER TITLE
Legal Description
AS PER TITLE
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Number of units
2
Building materials
Brick
Architectural style
Other
Buildings
1
Listing Agency:
Century 21 J. Carter & Company · Century 21 Real Estate
(504) 810-2825
Listed By:
Kristin L Lumpkin · License #995692357
(504) 275-9119
Added: Oct 9
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2580903
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick duplex contains two 3-bedroom, 2-bath residences within 2,000 square feet. Both units have updated kitchens and bathrooms, new flooring, fresh paint, and new HVAC systems. Central heating and central air serve the property, with off-street parking available.
Built in 1980, the property is connected to public water and public sewer. Its two-unit layout provides separate residential spaces within one building.
Built in 1980, the property is connected to public water and public sewer. Its two-unit layout provides separate residential spaces within one building.
Key Highlights
- Two 3‑bedroom, 2‑bath units
- 2,000 square feet in a brick building
- Updated kitchens and bathrooms in both residences
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.
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two bathrooms, refreshed interiors, and its own updated HVAC system.
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 3‑bedroom, 2‑bath units; 2,000 square feet in a brick building; Updated kitchens and bathrooms in both residences
