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    259 Papworth Ave Metairie, LA 70005

    For Sale
    $285,000

    Three units with rehab potential near Metairie Road and interstate.

    Property size:
    1,242 SF
    Lot size:
    0.07 Acres

    Property Features for 259 Papworth Ave

    General Information

    Size
    1,242 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1958

    Source: Keller Williams Realty 455-0100 Agent April Brown

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Unit Property with Rehab Potential

    This multi-unit property, located in the 70005 area, presents an investment opportunity. It features three efficiency units, each with an individual electric meter, and a shared gas and water meter. Units A and B, situated in the main structure, have a new roof, updated plumbing, and repaired and painted wood siding. Rear Unit C is gutted to the studs, offering possibilities for a studio, guest suite, or expanded living space. The property could be converted back into a single-family home. The property size is 1242 square feet. The property has access to Metairie Road and the interstate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1272465
    Latitude
    29.9900284

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    FAQs

    What type of property is this?
    Triplex - Three units with rehab potential near Metairie Road and interstate.
    Where is this triplex located?
    The property is located at 259 Papworth Ave Metairie, 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: - Multi-unit property with three efficiency units, offering immediate rental income potential.; - Units A and B have a brand-new roof, updated plumbing, and repaired/painted wood siding.; - Rear Unit C is gutted to the studs, providing a blank canvas for customization.
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    Metairie, LA 70005
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    259 Papworth Ave Metairie, LA 70005
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