Remodeled Duplex with Private
3135 - 3137 N Prieur St New Orleans, LA 70117
3135 - 3137 N Prieur St, New Orleans, LA, 70117
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For Sale
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Traditional duplex remodeled in 2018 with tile floors, stainless appliances, and separate fenced yards for each unit.
Property Size1,800 SF
Price / SF$174.99
Days on Market108
Property Features for 3135 - 3137 N Prieur St
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2018
Listing agency
KW Commercial Mandeville
Listed by
Gregg Tepper · License #Louisiana
Source
Crexi
Added: Apr 6 Updated: Jul 20 at 9:14PM Checked: Jul 21 at 5:59AM
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 KW Commercial Mandeville
Investment Insights
Based on property information with market context.
This traditional New Orleans-style duplex was remodeled in 2018 and is described as very well maintained. Each unit features durable tile floors and stainless steel appliances, and both units include all major appliances. The property also provides a private fenced-in yard for each unit.
On-site parking is available with room for up to 5 cars in each driveway. The units have separate gas, electric, and water meters, supporting independent utility management.
The configuration offers multiple use paths, including owner-occupancy with a rental unit, renting both units, or converting the property into a single family home.
On-site parking is available with room for up to 5 cars in each driveway. The units have separate gas, electric, and water meters, supporting independent utility management.
The configuration offers multiple use paths, including owner-occupancy with a rental unit, renting both units, or converting the property into a single family home.
Key Highlights
- Traditional New Orleans‑style duplex remodeled in 2018
- Tile floors and stainless steel appliances in the remodeled units
- Private fenced‑in yard for each unit
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 | $35.6k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.6k | $18.09 |
| − OpEx | −$9.8k | −$5.43 |
| NOI | $22.8k | $12.66 |
1,800 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.6K
$284.9K – $379.9K
NOI $22,792 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$299.3K
$261.9K – $349.2K
NOI $20,950 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$457.5K
$400.3K – $533.8K
NOI $32,025 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Traditional duplex remodeled in 2018 with tile floors, stainless appliances, and separate fenced yards for each unit.
Where is this duplex located?
The property is located at 3135 - 3137 N Prieur St New Orleans, LA.
What is the asking price?
The asking price for this property is $314,990.
What are key features of this property?
This property features: Traditional New Orleans‑style duplex remodeled in 2018; Tile floors and stainless steel appliances in the remodeled units; Private fenced‑in yard for each unit
