Duplex with Unfinished Expansion
For Sale
$585,000
330 Dahlia St, Metairie, LA 70005
Two residential units offer separate kitchens, bathrooms, and dedicated laundry areas.
Property Size2,122 SF
Price / SF$275.68
Days on Market96
Property Features for 330 Dahlia St
General Information
Standard status
Active
Size
2,122 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
enclosed patio
in-unit laundry
garage
Building Details
Year Built
1923
Listing Agency:
Tuxor Realty
(713) 893-5580
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Jul 14
Changed: Oct 15
Last Checked: Oct 16 at 8:32AM
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 Tuxor Realty
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Investment Insights
Based on property information with market context.
Built in 1923, this duplex contains two residential units with distinct living areas and kitchens. The upper residence features wood flooring, a large living room with floor-to-ceiling doors, a flexible bonus room, a gas range, granite countertops, an eat-in counter, an enclosed patio, a walk-in closet, and a bathroom with dual vanities. The lower residence includes a living area, kitchen with bistro seating, one bedroom, a private bathroom, and dedicated in-unit laundry.
The ground level adds approximately 454 square feet of unfinished storage and garage space. The property is near Metairie Road, downtown New Orleans, major hospitals, and universities, with dining, shopping, and entertainment within walking distance along Metairie Road. Total property size is 2,122 square feet.
The ground level adds approximately 454 square feet of unfinished storage and garage space. The property is near Metairie Road, downtown New Orleans, major hospitals, and universities, with dining, shopping, and entertainment within walking distance along Metairie Road. Total property size is 2,122 square feet.
Key Highlights
- Two‑unit duplex with 2,122 square feet of total property area
- Upper unit includes wood flooring, a gas range, granite countertops, and an enclosed patio
- Lower unit has 1 bedroom, a private bathroom, and dedicated in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,692
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,840
$453.8K
Cap Rate 7%
$324,171
$324.2K
Cap Rate 9%
$252,133
$252.1K
Market Conditions
NOI Build-Up for 2,122 SF
Gross rent
$34.4K $16.20/SF
− Vacancy
−$2.0K −$0.92/SF
EGI
$32.4K $15.28/SF
− OpEx
−$9.7K −$4.58/SF
NOI
$22.7K $10.69/SF
Area
Metairie, LA
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,840
Cap Rate 7%
$324,171
Cap Rate 9%
$252,133
Alternative Uses
Best Use
Multifamily LT 5
$324.2K
$283.7K – $378.2K
NOI $22,692 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$282.1K
$246.8K – $329.1K
NOI $19,747 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$496.9K
$434.8K – $579.7K
NOI $34,784 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 70005, LA
25,431
Population
12,447
Households
2
Avg Household Size
45
Median Age
50%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
6,055
Density / Sq Mi
$86,048
Median Household Income
$53,258
Median Earnings
$1,160
Median Rent
$381,000
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 residential units offer separate kitchens, bathrooms, and dedicated laundry areas.
Where is this duplex located?
The property is located at 330 Dahlia St Metairie, LA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,122 square feet of total property area; Upper unit includes wood flooring, a gas range, granite countertops, and an enclosed patio; Lower unit has 1 bedroom, a private bathroom, and dedicated in‑unit laundry
