4-Unit Apartment
For Sale
$549,900
3009 20TH Street, Metairie, LA 70002
Multifamily, Metairie, LA
Property Size3,600 SF
Lot Size0.15 Acres
Price / SF$152.75
Days on Market66
Property Features for 3009 20TH Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 7, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 8
Parking
3
Parking features
Driveway
Subdivision
Harlem
Directions
Turn right onto 18th st off of Causeway Northbound and turn right onto Ridgelake-then turn left on 20th
Standard status
Active
APN
0820017887
Size
3,600 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LOT 7A SQ 38 HARLEM PKWY 10708918
Legal Description
LOT 7A SQ 38 HARLEM PKWY 10708918
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Tina Coulon · License #995704977
(504) 908-2910
Added: Aug 21
Changed: Oct 24
Last Checked: Oct 25 at 8:06AM
MLS# 2572963
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,600-square-foot, brick apartment property contains four units, each configured with two bedrooms and one bathroom. Two units are leased on month-to-month terms, and two are vacant. Central heating and air conditioning serve the building, which was constructed in 1976. Vinyl insulated windows are installed throughout, and a cement patio provides outdoor space.
The 0.1488-acre property has driveway parking for eight vehicles, or two spaces per unit. Public water and public sewer serve the site. Lakeside Shopping Center, dining options, and local businesses are nearby.
The 0.1488-acre property has driveway parking for eight vehicles, or two spaces per unit. Public water and public sewer serve the site. Lakeside Shopping Center, dining options, and local businesses are nearby.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3,600 square feet on a 0.1488‑acre lot
- Two units leased month‑to‑month; two units vacant
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
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,474
Businesses Nearby
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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 apartments have month-to-month leases, and the other two are vacant.
Where is this quadplex located?
The property is located at 3009 20TH Street 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 apartments, each with 2 bedrooms and 1 bathroom; 3,600 square feet on a 0.1488‑acre lot; Two units leased month‑to‑month; two units vacant
