Duplex with Guest
For Sale
$369,000
3205 LAFITTE Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size1,523 SF
Price / SF$242.28
Days on Market61
Property Features for 3205 LAFITTE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
Patio and Porch features
Porch
Directions
north on Norman C Francis, turn right on Lafitte St
Standard status
Active
APN
3205-LAFITTEST
Size
1,523 SF
Taxes and HOA fees
Tax Description
SQ 427 LOT 17 LAFITTE
Legal Description
SQ 427 LOT 17 LAFITTE
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Wood
Building materials
Wood Siding
Buildings
1
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Jamie Scott Harris · License #995719237
(914) 714-9261
Added: Aug 24
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2574488
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1920, this 1,523-square-foot wood-sided property has a main residence and a separate one-bedroom suite, each with kitchen facilities. The main residence includes an open living area, a lofted stairway beneath a skylight, and an upper-level flex space arranged in four sections. Two rear rooms provide additional enclosed space, while an office and loft area opens onto an upper deck. The guest suite has both interior and exterior access. Wood flooring, central heat, central air, and a window unit are among the building features.
The property sits across from the Lafitte Greenway, Bayou St. John, and the Norman C. Francis Bike Paths. Greenway Station is nearby, and City Park, NOMA, Jazz Fest, and downtown New Orleans are identified as accessible destinations. The grounds include Louisiana native plantings, with pawpaw and wild plum trees.
The property sits across from the Lafitte Greenway, Bayou St. John, and the Norman C. Francis Bike Paths. Greenway Station is nearby, and City Park, NOMA, Jazz Fest, and downtown New Orleans are identified as accessible destinations. The grounds include Louisiana native plantings, with pawpaw and wild plum trees.
Key Highlights
- 1,523 square feet; built in 1920
- Main residence with open layout, lofted stairs, skylight, and four‑part upper‑level flex space
- Separate one‑bedroom suite includes a full kitchen and interior and exterior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,285
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,700
$385.7K
Cap Rate 7%
$275,500
$275.5K
Cap Rate 9%
$214,278
$214.3K
Market Conditions
NOI Build-Up for 1,523 SF
Gross rent
$30.2K $19.80/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$27.5K $18.09/SF
− OpEx
−$8.3K −$5.43/SF
NOI
$19.3K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,700
Cap Rate 7%
$275,500
Cap Rate 9%
$214,278
Alternative Uses
Best Use
Multifamily LT 5
$275.5K
$241.1K – $321.4K
NOI $19,285 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$253.2K
$221.6K – $295.4K
NOI $17,726 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$398.5K
$348.7K – $464.9K
NOI $27,896 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,288
Businesses Nearby
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Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two connected living areas offer flexibility for expanded household use or a return to duplex occupancy.
Where is this duplex located?
The property is located at 3205 LAFITTE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 1,523 square feet; built in 1920; Main residence with open layout, lofted stairs, skylight, and four‑part upper‑level flex space; Separate one‑bedroom suite includes a full kitchen and interior and exterior access
