Fourplex with Private
2812 Houma Boulevard Metairie, LA 70006
2812 Houma Boulevard, Metairie, LA, 70006
$519,000
For Sale
$519,000
Well-maintained fourplex with three occupied units and one vacant unit, each with laundry hookups and private back patios.
Property Size3,900 SF
Price / SF$133.08
Days on Market129
Property Features for 2812 Houma Boulevard
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1978
Listing agency
NOLA Living Realty
(504) 505-1881
Listed by
Monika Sood · License #995705194
(504) 505-1881
Source
Compass
Added: Mar 15 Updated: Jul 20 at 7:41PM Checked: Jul 21 at 5:56AM
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 NOLA Living Realty
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers four separate residential units. Each unit is configured with two bedrooms and one bathroom, along with laundry hookups for added convenience and a private back patio. Three units are currently occupied, and the fourth unit is vacant and available for showings.
The property is located at 2812 Houma Boulevard in Metairie, LA. The public remarks indicate it is close to shopping centers, hospitals, and restaurants.
All measurements are approximate and not guaranteed. Buyer to verify.
The property is located at 2812 Houma Boulevard in Metairie, LA. The public remarks indicate it is close to shopping centers, hospitals, and restaurants.
All measurements are approximate and not guaranteed. Buyer to verify.
Key Highlights
- Fourplex built in 1978 with brick construction, 2 stories, and asphalt roof
- 8 bedrooms total and 4 full bathrooms across the four units
- Central air and central heating throughout
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 | $63.2k | $16.20 |
| − Vacancy | −$3.6k | −$0.92 |
| EGI | $59.6k | $15.28 |
| − OpEx | −$17.9k | −$4.58 |
| NOI | $41.7k | $10.69 |
3,900 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$595.8K
$521.3K – $695.1K
NOI $41,705 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$518.5K
$453.7K – $604.9K
NOI $36,293 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$913.3K
$799.1K – $1.07M
NOI $63,930 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with three occupied units and one vacant unit, each with laundry hookups and private back patios.
Where is this quadplex located?
The property is located at 2812 Houma Boulevard Metairie, LA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Fourplex built in 1978 with brick construction, 2 stories, and asphalt roof; 8 bedrooms total and 4 full bathrooms across the four units; Central air and central heating throughout
