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Renovated Two-Unit Property

3122 Dante Street New Orleans, LA 70118

3122 Dante Street, New Orleans, LA, 70118
$299,000
Pending
For Sale
$299,000
Pending

Two-unit property renovated in 2019, ideal for owner-occupancy.

Property Size1,924 SF
Days on Market76

Property Features for 3122 Dante Street

General Information

Standard status
Pending
Size
1,924 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse

Building Details

Year Built
1940
Listing Agency Compass
Listed by Caroline Mang · License #000071823
Source Compass
Added: May 3 Checked: Jul 17 at 5:25 am

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 Compass


Investment Insights

Based on property information with market context.

This two-unit property, renovated in 2019, is suitable for owner-occupancy, allowing rental income to offset a significant portion of mortgage costs. The larger unit features an open living, dining, and kitchen area, complemented by built-ins, hardwood floors, and stainless steel appliances. The primary suite, along with three additional bedrooms and another bathroom, are located downstairs. This unit opens to a spacious backyard that includes a covered concrete patio and a 232 square foot workshop or oversized shed. The upstairs unit is a 632 square foot apartment, rented furnished for $1380 per month. This apartment also features hardwood floors, stainless steel appliances, its own laundry facilities, and access to the backyard. A long driveway provides parking for multiple cars. The property is conveniently located near Uptown, MidCity, Old Jefferson, and Metairie. The property size is 1924 square feet.

Key Highlights

  • Two‑unit property ideal for owner‑occupant with rental income potential ($1380/month)
  • Totally renovated in 2019
  • Larger unit features open living/dining/kitchen area, hardwood floors, stainless appliances, primary suite, and 3 additional bedrooms

Local 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 $38.1k $19.80
− Vacancy −$3.3k −$1.71
EGI $34.8k $18.09
− OpEx −$10.4k −$5.43
NOI $24.4k $12.66
1,924 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$348.0K
$304.5K – $406.1K (±1% cap)
NOI $24,363 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$319.9K
$279.9K – $373.2K (±1% cap)
NOI $22,393 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$489.0K
$427.9K – $570.5K (±1% cap)
NOI $34,231 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Spa & Massage Center Real Estate Agency Nail Salon HVAC Service Accounting Firm (Bike/Boat/Book/etc) Store Computer & Electronic Repair Skin Care Clinic Hair Salon Dental Office

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-unit property renovated in 2019, ideal for owner-occupancy.
Where is this duplex located?
The property is located at 3122 Dante Street New Orleans, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit property ideal for owner‑occupant with rental income potential ($1380/month); Totally renovated in 2019; Larger unit features open living/dining/kitchen area, hardwood floors, stainless appliances, primary suite, and 3 additional bedrooms
Contact an agent
More about this property
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