Four-Unit Quadplex with
For Sale
$549,900
3009 20th St, Metairie, LA 70002
Two units are leased month-to-month, and two are vacant and move-in ready.
Property Size3,600 SF
Price / SF$152.75
Days on Market57
Property Features for 3009 20th St
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Parking per Unit
2
Amenities
patio area
Building Details
Year Built
1976
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
Listed By:
Tina Coulon · License #995704977
(504) 908-2910
Source:
Fiorellaavenue
Added: Aug 24
Changed: Oct 1
Last Checked: Oct 7 at 2:25PM
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 KELLER WILLIAMS REALTY 455-0100
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Investment Insights
Based on property information with market context.
This four-unit quadplex at 3009 20th St in Metairie contains four 2-bedroom, 1-bath units within 3,600 square feet. Two apartments are leased on month-to-month terms, while the remaining two are vacant and move-in ready. Vinyl insulated windows are installed throughout, and a cement rear patio provides shared outdoor space. Off-street parking accommodates two vehicles per unit, with eight spaces in total.
The property is near Lakeside Shopping Center, dining options, and local businesses. Its combination of existing occupancy, available units, and practical exterior features supports both investment and owner-occupant consideration.
The property is near Lakeside Shopping Center, dining options, and local businesses. Its combination of existing occupancy, available units, and practical exterior features supports both investment and owner-occupant consideration.
Key Highlights
- Four 2‑bedroom, 1‑bath units in a 3,600‑square‑foot quadplex
- Two units leased at $1,100/mo on month‑to‑month leases
- Two vacant units described as move‑in ready
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,497
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,940
$769.9K
Cap Rate 7%
$549,957
$550.0K
Cap Rate 9%
$427,744
$427.7K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$58.3K $16.20/SF
− Vacancy
−$3.3K −$0.92/SF
EGI
$55.0K $15.28/SF
− OpEx
−$16.5K −$4.58/SF
NOI
$38.5K $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%
$769,940
Cap Rate 7%
$549,957
Cap Rate 9%
$427,744
Alternative Uses
Best Use
Multifamily LT 5
$550.0K
$481.2K – $641.6K
NOI $38,497 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$478.6K
$418.8K – $558.4K
NOI $33,502 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$843.0K
$737.7K – $983.5K
NOI $59,012 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,474
Businesses Nearby
Explore this area
Business Placement
Demographics for 70002, LA
19,857
Population
9,585
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
6,205
Density / Sq Mi
$65,576
Median Household Income
$50,983
Median Earnings
$1,128
Median Rent
$379,400
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?
Quadplex - Two units are leased month-to-month, and two are vacant and move-in ready.
Where is this quadplex located?
The property is located at 3009 20th St Metairie, LA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units in a 3,600‑square‑foot quadplex; Two units leased at $1,100/mo on month‑to‑month leases; Two vacant units described as move‑in ready
