Spanish-Style Duplex with
For Sale
$585,000
330 DAHLIA Street, Metairie, LA 70005
Multi-Family, Spanish, Metairie, LA
Property Size2,122 SF
Lot Size0.16 Acres
Price / SF$275.68
Days on Market56
Property Features for 330 DAHLIA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street, Garage
Exterior features
Balcony, Courtyard, Fence
Fencing
Fenced
Subdivision
Metairie Ridge
Lot features
1-5 Acres, Irregular
Standard status
Active
APN
0820023029
Size
2,122 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
LOT 11B SQ 1 METAIRIE NURSERY
Legal Description
LOT 11B SQ 1 METAIRIE NURSERY
Utilities
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1923
Floors in Building
2
Number of units
2
Roof type
Membrane
Architectural style
Spanish
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Stella Del Bianco · License #995701891
(504) 913-6072
Added: Jul 11
Changed: Aug 30
Last Checked: Sep 4 at 2:06PM
MLS# 2564308
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1923, this Spanish-style duplex contains 2,122 square feet across two residential units. The upper residence includes wood flooring, a large living room, a flexible bonus room, a kitchen with gas range and granite countertops, private laundry, an enclosed patio, a walk-in closet, and a bathroom with dual vanities. The lower unit provides a living area, kitchen with bistro seating, one bedroom, a private bathroom, and dedicated in-unit laundry.
The ground floor adds approximately 454 square feet of unfinished storage and garage space. Exterior features include a balcony, courtyard, fencing, and off-street parking. The property is near Metairie Road, with a short drive to downtown New Orleans, hospitals, and universities, while dining, shopping, and entertainment are within walking distance. Public water service, central heating, central air, and window unit cooling are present.
The ground floor adds approximately 454 square feet of unfinished storage and garage space. Exterior features include a balcony, courtyard, fencing, and off-street parking. The property is near Metairie Road, with a short drive to downtown New Orleans, hospitals, and universities, while dining, shopping, and entertainment are within walking distance. Public water service, central heating, central air, and window unit cooling are present.
Key Highlights
- Duplex at 330 DAHLIA Street, Metairie, LA 70005
- 2,122 square feet of property size
- Approximately 454 sq ft of unfinished ground‑floor storage and garage space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,692
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
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 - Two-unit property with separate living spaces, private laundry areas, and enclosed outdoor areas.
Where is this duplex located?
The property is located at 330 DAHLIA Street 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: Duplex at 330 DAHLIA Street, Metairie, LA 70005; 2,122 square feet of property size; Approximately 454 sq ft of unfinished ground‑floor storage and garage space
