Duplex with Standby
2604-2606 Longwood Dr, Metairie, LA 70003
For Sale
$360,000
Two vacant residences feature open living areas, fenced outdoor space and covered carport parking.
Property Size2,400 SF
Price / SF$150
Days on Market52
Property Features for 2604-2606 Longwood Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Pelican State Realty
Listed By:
Jack Harris · License LA #995695540
(985) 212-2963
Source:
Dominionplace
Added: Sep 24
Changed: Oct 26
Last Checked: Nov 12 at 11:55AM
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 Pelican State Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1992, this 2,400-square-foot duplex contains two vacant residences, each with three bedrooms, two bathrooms and an open living area. The interiors have no carpet, and the property includes a whole-home standby generator, a fenced yard and covered carport parking. The structure is elevated; no flood-performance guarantee is stated.
Lafreniere Park is nearby, with shopping and dining options in Metairie a short drive away.
Lafreniere Park is nearby, with shopping and dining options in Metairie a short drive away.
Key Highlights
- 2,400‑square‑foot duplex built in 1992
- Two vacant units, each with 3 bedrooms and 2 bathrooms
- Open living areas and carpet‑free interiors in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,665
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,300
$513.3K
Cap Rate 7%
$366,643
$366.6K
Cap Rate 9%
$285,167
$285.2K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$38.9K $16.20/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$36.7K $15.28/SF
− OpEx
−$11.0K −$4.58/SF
NOI
$25.7K $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%
$513,300
Cap Rate 7%
$366,643
Cap Rate 9%
$285,167
Alternative Uses
Best Use
Multifamily LT 5
$366.6K
$320.8K – $427.8K
NOI $25,665 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$319.1K
$279.2K – $372.2K
NOI $22,334 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$562.0K
$491.8K – $655.7K
NOI $39,341 @ 7.0% cap · market cap 10.93%
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
706
Businesses Nearby
Explore this area
Business Placement
Demographics for 70003, LA
40,068
Population
17,479
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
5,724
Density / Sq Mi
$76,151
Median Household Income
$45,102
Median Earnings
$1,191
Median Rent
$255,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Metairie, LA
Properties on Market for Duplexes in Metairie
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences feature open living areas, fenced outdoor space and covered carport parking.
Where is this duplex located?
The property is located at 2604-2606 Longwood Dr Metairie, LA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,400‑square‑foot duplex built in 1992; Two vacant units, each with 3 bedrooms and 2 bathrooms; Open living areas and carpet‑free interiors in both residences
