Duplex with Gated
3125-27 Arts Street New Orleans, LA 70122
For Sale
$220,000
Duplex offering two separate units with fenced, gated driveways and off-street parking, sold as-is.
Property Size1,533 SF
Price / SF$143.51
Days on Market138
Property Features for 3125-27 Arts Street
General Information
- Standard status
- Active
- Size
- 1,533 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1961
Listing Agency:
Compass Metro (LATT01)
(504) 495-3361
Listed By:
Josette Ripoll · License #000014287
(504) 495-3361
Source:
Compass
Added: Mar 7
Changed: Jul 23
Last Checked: Jul 23 at 9:03AM
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 Metro (LATT01)
Investment Insights
Based on property information with market context.
This duplex home includes two separate units. Unit #3127 features three bedrooms and one full plus one half bathroom. Unit #3125 includes two bedrooms, one full bathroom, and a bonus room.
Each side has a gated and fenced driveway with off-street parking. Both units include ceiling fans, laminate flooring, washer/dryer hook-ups, and kitchen appliances including a stove, refrigerator, and microwave.
The property is being sold “As Is” and the sellers will not make repairs. Proof of Funds must be submitted with all offers. Five attached lots are part of the sale, and a new roof was installed on March 13, 2026.
Each side has a gated and fenced driveway with off-street parking. Both units include ceiling fans, laminate flooring, washer/dryer hook-ups, and kitchen appliances including a stove, refrigerator, and microwave.
The property is being sold “As Is” and the sellers will not make repairs. Proof of Funds must be submitted with all offers. Five attached lots are part of the sale, and a new roof was installed on March 13, 2026.
Key Highlights
- Duplex with two separate units: unit #3127 has 3 bedrooms (1 full, 1 half bath); unit #3125 has 2 bedrooms (1 full bath) plus a bonus room
- Each side has a gated, fenced driveway with off‑street parking
- Both units include ceiling fans, laminate flooring, and washer/dryer hook‑ups, plus stove, refrigerator, and microwave
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 | $24.8k | $16.20 |
| − Vacancy | −$2.1k | −$1.40 |
| EGI | $22.7k | $14.80 |
| − OpEx | −$6.8k | −$4.44 |
| NOI | $15.9k | $10.36 |
1,533 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$226.9K
$198.5K – $264.7K
NOI $15,882 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$197.1K
$172.5K – $229.9K
NOI $13,796 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$401.1K
$351.0K – $468.0K
NOI $28,080 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offering two separate units with fenced, gated driveways and off-street parking, sold as-is.
Where is this duplex located?
The property is located at 3125-27 Arts Street New Orleans, LA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Duplex with two separate units: unit #3127 has 3 bedrooms (1 full, 1 half bath); unit #3125 has 2 bedrooms (1 full bath) plus a bonus room; Each side has a gated, fenced driveway with off‑street parking; Both units include ceiling fans, laminate flooring, and washer/dryer hook‑ups, plus stove, refrigerator, and microwave
