New Construction
3107-09 Metropolitan Street New Orleans, LA 70126
For Sale
$350,000
Two mirrored 3-bedroom, 2-bath residences with island kitchens and included appliances, move-in ready for owner or tenants.
Property Size2,038 SF
Price / SF$171.74
Days on Market486
Property Features for 3107-09 Metropolitan Street
General Information
- Standard status
- Active
- Size
- 2,038 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2026
Listing Agency:
WEICHERT, REALTORS - LaBranch & Associates
(504) 248-9061
Listed By:
Latoya Campbell · License #995716078
(504) 248-9061
Source:
Compass
Added: Mar 26, 2025
Changed: Jul 10
Last Checked: Jul 24 at 12:24PM
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 WEICHERT, REALTORS - LaBranch & Associates
Investment Insights
Based on property information with market context.
This newly constructed duplex features two separate, matching living spaces, each offering three bedrooms and two modern bathrooms with contemporary fixtures. The interior includes a stylish kitchen with an inviting island, along with recessed lighting throughout the living areas for a warm, consistent ambiance. Each side also comes with all appliances included, supporting an easier move-in experience.
Located at 3107-09 Metropolitan Street in New Orleans, this duplex is arranged to provide privacy while maintaining the convenience of a shared property setup. The layout supports flexible living arrangements, whether you prefer to keep one side for your household or plan for dual occupancy.
For owner-occupants, the configuration can work well for families who want additional space on the property and the option to live on one side. For buyers planning to lease, the duplex provides two complete unit setups with the same core design elements, including the island kitchens, recessed lighting, and included appliances.
Located at 3107-09 Metropolitan Street in New Orleans, this duplex is arranged to provide privacy while maintaining the convenience of a shared property setup. The layout supports flexible living arrangements, whether you prefer to keep one side for your household or plan for dual occupancy.
For owner-occupants, the configuration can work well for families who want additional space on the property and the option to live on one side. For buyers planning to lease, the duplex provides two complete unit setups with the same core design elements, including the island kitchens, recessed lighting, and included appliances.
Key Highlights
- New construction duplex built in 2026 with two mirrored residences
- Each side offers 3 bedrooms and 2 full bathrooms
- Island kitchen in each unit plus all appliances included
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 | $26.2k | $12.84 |
| − Vacancy | −$2.4k | −$1.17 |
| EGI | $23.8k | $11.67 |
| − OpEx | −$7.1k | −$3.50 |
| NOI | $16.7k | $8.17 |
2,038 SF · lease $12.84/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$237.9K
$208.1K – $277.5K
NOI $16,651 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$229.3K
$200.6K – $267.5K
NOI $16,050 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$534.5K
$467.7K – $623.6K
NOI $37,418 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two mirrored 3-bedroom, 2-bath residences with island kitchens and included appliances, move-in ready for owner or tenants.
Where is this duplex located?
The property is located at 3107-09 Metropolitan Street New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: New construction duplex built in 2026 with two mirrored residences; Each side offers 3 bedrooms and 2 full bathrooms; Island kitchen in each unit plus all appliances included
