New Construction
For Sale
$350,000
3109 09 Metropolitan St, New Orleans, LA 70126
Each residence includes three bedrooms, two bathrooms, a kitchen island, recessed lighting, and included appliances.
Property Size2,038 SF
Price / SF$171.74
Days on Market52
Property Features for 3109 09 Metropolitan St
General Information
Standard status
Active
Size
2,038 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
WEICHERT, REALTORS - LaBranch & Associates
Listed By:
Latoya Campbell · License #995716078
(504) 248-9061
Source:
Fiorellaavenue
Added: Aug 30
Changed: Oct 13
Last Checked: Oct 7 at 2:17PM
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
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Investment Insights
Based on property information with market context.
This new construction duplex contains two residences, with each side offering 3 bedrooms and 2 bathrooms. Interior features include contemporary bathroom fixtures, an island-centered kitchen, recessed lighting in the living areas, and appliances included with the property.
The two-unit layout provides separate residences within one property. The address is 3109 09 Metropolitan Street in New Orleans, Louisiana 70126.
The two-unit layout provides separate residences within one property. The address is 3109 09 Metropolitan Street in New Orleans, Louisiana 70126.
Key Highlights
- New construction duplex with two separate residences
- Each side has 3 bedrooms and 2 bathrooms
- Kitchens include islands for dining and everyday use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,651
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,020
$333.0K
Cap Rate 7%
$237,871
$237.9K
Cap Rate 9%
$185,011
$185.0K
Market Conditions
NOI Build-Up for 2,038 SF
Gross rent
$26.2K $12.84/SF
− Vacancy
−$2.4K −$1.17/SF
EGI
$23.8K $11.67/SF
− OpEx
−$7.1K −$3.50/SF
NOI
$16.7K $8.17/SF
Area
ZIP 70126
Vacancy
9.10%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,020
Cap Rate 7%
$237,871
Cap Rate 9%
$185,011
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 authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 70126, LA
30,397
Population
12,686
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
87%
High-School Grad
12.1 sq mi
ZIP Area
2,512
Density / Sq Mi
$38,229
Median Household Income
$29,510
Median Earnings
$1,118
Median Rent
$187,300
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 - Each residence includes three bedrooms, two bathrooms, a kitchen island, recessed lighting, and included appliances.
Where is this duplex located?
The property is located at 3109 09 Metropolitan St 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 with two separate residences; Each side has 3 bedrooms and 2 bathrooms; Kitchens include islands for dining and everyday use
