Seven Duplex Residential
2705-07 Wytchwood Drive Metairie, LA 70003
2705-07 Wytchwood Drive, Metairie, LA, 70003
$309,000
For Sale
$309,000
Portfolio of seven duplex units with separate meters and roofs under five years old.
Property Size2,200 SF
Price / SF$140.45
Days on Market435
Property Features for 2705-07 Wytchwood Drive
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1978
Listing agency
Compass Metro (LATT01)
(504) 650-7177
Listed by
Nina Loup · License #000026401
(504) 650-7177
Source
Compass
Added: May 14, 2025 Updated: Jul 21 at 1:27PM Checked: Jul 22 at 11:16AM
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 Compass Metro (LATT01)
Investment Insights
Based on property information with market context.
This offering consists of seven duplex units managed by a long-time owner. The units are described as meticulously maintained, with long-term tenants in place. The seller notes tenants cannot be disturbed for showings, and unit previews are scheduled after an offer is accepted and during the inspection period.
Separate metering is in place for the units. The remarks also indicate that all roofs are under five years old, and that mechanicals and appliances have been replaced as needed.
The property is presented for sale at the address listed for this package, 2705-2707 Wytchwood Drive, Metairie, LA 70003.
Separate metering is in place for the units. The remarks also indicate that all roofs are under five years old, and that mechanicals and appliances have been replaced as needed.
The property is presented for sale at the address listed for this package, 2705-2707 Wytchwood Drive, Metairie, LA 70003.
Key Highlights
- Portfolio of seven duplex units (single‑story) in Kenner, LA, with separate utility meters
- 2 full bathrooms and central air in the provided unit interior features; central heating
- Brick construction on a traditional slab foundation
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.6k | $16.20 |
| − Vacancy | −$2.0k | −$0.92 |
| EGI | $33.6k | $15.28 |
| − OpEx | −$10.1k | −$4.58 |
| NOI | $23.5k | $10.69 |
2,200 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.1K
$294.1K – $392.1K
NOI $23,526 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$292.5K
$255.9K – $341.2K
NOI $20,473 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$515.2K
$450.8K – $601.1K
NOI $36,063 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Portfolio of seven duplex units with separate meters and roofs under five years old.
Where is this duplex located?
The property is located at 2705-07 Wytchwood Drive Metairie, LA.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Portfolio of seven duplex units (single‑story) in Kenner, LA, with separate utility meters; 2 full bathrooms and central air in the provided unit interior features; central heating; Brick construction on a traditional slab foundation
