Raised Duplex Income
New
For Sale
$257,000
313-315 Zinnia Avenue, Metairie, LA 70001
Raised duplex with two 2-bedroom, 1-bath units on a 50-by-120 lot, both currently occupied.
Property Size1,728 SF
Lot Size0.14 Acres
Price / SF$148.73
Days on Market7
Property Features for 313-315 Zinnia Avenue
General Information
Standard status
Active
Size
1,728 SF
Lot size
0.14 Acres
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
1,728 SF
Year Built
1980
Construction
cottage
Tenancy
Multi
Listing Agency:
The Agency Of M. Grass Group, LLC
(504) 915-1148
Listed By:
Scott Johnston
(504) 915-1148
Source:
Nolalivingrealty
Added: Jul 24
Changed: Jul 29
Last Checked: Jul 29 at 5:21AM
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 The Agency Of M. Grass Group, LLC
Investment Insights
Based on property information with market context.
Charming raised double featuring two separate 2-bedroom, 1-bath units totaling 1,728 living square feet. The property is a cottage-style duplex on a 50-by-120 lot, and both units are currently occupied.
Located in the heart of Metairie, the property is positioned just minutes from Veterans Blvd, Lakeside Shopping Center, restaurants, and grocery stores. It also provides easy access to I-10 for commuting to New Orleans.
This configuration offers a straightforward two-unit residential income setup with on-site occupancy at the time of sale.
Located in the heart of Metairie, the property is positioned just minutes from Veterans Blvd, Lakeside Shopping Center, restaurants, and grocery stores. It also provides easy access to I-10 for commuting to New Orleans.
This configuration offers a straightforward two-unit residential income setup with on-site occupancy at the time of sale.
Key Highlights
- Raised duplex with two 2‑bedroom, 1‑bath units totaling 1,728 living SF
- Both units are currently occupied
- Built in 1980
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 | $28.0k | $16.20 |
| − Vacancy | −$1.6k | −$0.92 |
| EGI | $26.4k | $15.28 |
| − OpEx | −$7.9k | −$4.58 |
| NOI | $18.5k | $10.69 |
1,728 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$264.0K
$231.0K – $308.0K
NOI $18,479 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$229.7K
$201.0K – $268.0K
NOI $16,081 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$404.7K
$354.1K – $472.1K
NOI $28,326 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Explore this area
Business Placement
Demographics for 70001, LA
40,068
Population
19,103
Households
2.1
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
6,164
Density / Sq Mi
$70,187
Median Household Income
$43,662
Median Earnings
$1,145
Median Rent
$313,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Raised duplex with two 2-bedroom, 1-bath units on a 50-by-120 lot, both currently occupied.
Where is this duplex located?
The property is located at 313-315 Zinnia Avenue Metairie, LA.
What is the asking price?
The asking price for this property is $257,000.
What are key features of this property?
This property features: Raised duplex with two 2‑bedroom, 1‑bath units totaling 1,728 living SF; Both units are currently occupied; Built in 1980
