Duplex with Cottage and
For Sale
$249,000
300 PASADENA Avenue, Metairie, LA 70001
Multi-Family, Cottage, Metairie, LA
Property Size1,491 SF
Price / SF$167
Days on Market76
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Property Features for 300 PASADENA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Carport, Off Street
Exterior features
Fence
Fencing
Fenced
Subdivision
Ponte Vista
Lot features
Regular
Standard status
Active
APN
0820027057
Size
1,491 SF
Taxes and HOA fees
Tax Description
LOT 1-A SQ 4 PONTE VISTA MAP # 4090
Legal Description
LOT 1-A SQ 4 PONTE VISTA MAP # 4090
Utilities
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
carport
fenced-in yard
private patio
attached storage room
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Roof type
Flat, Shingle
Architectural style
Cottage
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Robyn Schmitt · License #995687935
(504) 236-1144
Added: Aug 1
Changed: Sep 22
Last Checked: Oct 15 at 1:06PM
MLS# 2568799
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1491-square-foot duplex, built in 1945, combines a three-bedroom, one-bath cottage with an attached efficiency studio. The cottage includes wood flooring in the living room, a kitchen with granite countertops, white appliances, and black cabinetry, plus a dining area, rear primary bedroom, laundry hookups, storage, and a covered carport. The studio has a private entrance, full kitchen, updated full bathroom, walk-in closet, stackable washer/dryer, patio, and fenced yard.
The property is located in Flood Zone X and has separate fenced outdoor areas. Additional features include public water, a flat and shingle roof, central heating, central air, window unit cooling, and off-street parking. The front cottage is tenant occupied and requires a minimum of 24-hour showing notice.
Plumbing beneath the cottage, the water heater, piping, and windows were replaced 4 - 5 years ago. The cottage AC condenser was replaced Approx. 5 - 7 years ago, and the electrical system received a new panel and breakers Around 2010.
The property is located in Flood Zone X and has separate fenced outdoor areas. Additional features include public water, a flat and shingle roof, central heating, central air, window unit cooling, and off-street parking. The front cottage is tenant occupied and requires a minimum of 24-hour showing notice.
Plumbing beneath the cottage, the water heater, piping, and windows were replaced 4 - 5 years ago. The cottage AC condenser was replaced Approx. 5 - 7 years ago, and the electrical system received a new panel and breakers Around 2010.
Key Highlights
- 1491 square feet with a 3‑bedroom, 1‑bath cottage and attached efficiency studio
- Studio includes a private entrance, full kitchen, updated full bathroom, and walk‑in closet
- Separate fenced yards, private patio, covered carport, off‑street parking, and attached storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,944
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,880
$318.9K
Cap Rate 7%
$227,771
$227.8K
Cap Rate 9%
$177,156
$177.2K
Market Conditions
NOI Build-Up for 1,491 SF
Gross rent
$24.2K $16.20/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$22.8K $15.28/SF
− OpEx
−$6.8K −$4.58/SF
NOI
$15.9K $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%
$318,880
Cap Rate 7%
$227,771
Cap Rate 9%
$177,156
Alternative Uses
Best Use
Multifamily LT 5
$227.8K
$199.3K – $265.7K
NOI $15,944 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$198.2K
$173.4K – $231.3K
NOI $13,875 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$349.2K
$305.5K – $407.4K
NOI $24,441 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
Explore this area
Business Placement
Demographics for 70001, LA
40,068
Population
19,103
Households
2.1
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
6,164
Density / Sq Mi
$70,187
Median Household Income
$43,662
Median Earnings
$1,145
Median Rent
$313,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit layout includes separate outdoor areas, covered parking, and storage.
Where is this duplex located?
The property is located at 300 PASADENA Avenue Metairie, LA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1491 square feet with a 3‑bedroom, 1‑bath cottage and attached efficiency studio; Studio includes a private entrance, full kitchen, updated full bathroom, and walk‑in closet; Separate fenced yards, private patio, covered carport, off‑street parking, and attached storage
