Duplex Property with
For Sale
$345,000
3313-15 Dryades Street, New Orleans, LA 70115
Three-bedroom, one-bath configuration with central air and window units.
Property Size1,991 SF
Price / SF$173.28
Days on Market194
Property Features for 3313-15 Dryades Street
General Information
Standard status
Active
Size
1,991 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Amenities
Central Air, Window Unit(s)
Central
1
2
6
Handicap Interior Prov
Inside
Asphalt
Other
Pillar/Post/Pier
Porch
Building Details
Year Built
1945
Listing Agency:
TJones & Co, LLC
Listed By:
Chantel Tate · License #995685787
(504) 503-3816
Source:
Compass
Added: Apr 10
Changed: Oct 11
Last Checked: Oct 19 at 9:11AM
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 TJones & Co, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property at 3313-15 Dryades Street in New Orleans presents a three-bedroom, one-bath residential configuration with a practical interior layout. The home includes central air and window units, along with interior handicap provisions. Exterior features include an asphalt surface, pillar/post/pier construction, and a porch. Built in 1945, the property offers a clearly defined two-unit format for residential ownership or investment use.
Key Highlights
- Duplex configuration with 3 bedrooms and 1 bath
- Central air and window units
- Interior handicap provisions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,113
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,260
$342.3K
Cap Rate 7%
$244,471
$244.5K
Cap Rate 9%
$190,144
$190.1K
Market Conditions
NOI Build-Up for 1,991 SF
Gross rent
$26.8K $13.44/SF
− Vacancy
−$2.3K −$1.16/SF
EGI
$24.4K $12.28/SF
− OpEx
−$7.3K −$3.68/SF
NOI
$17.1K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,260
Cap Rate 7%
$244,471
Cap Rate 9%
$190,144
Alternative Uses
Best Use
Multifamily LT 5
$244.5K
$213.9K – $285.2K
NOI $17,113 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$216.7K
$189.6K – $252.8K
NOI $15,170 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$525.3K
$459.6K – $612.8K
NOI $36,770 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,878
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom, one-bath configuration with central air and window units.
Where is this duplex located?
The property is located at 3313-15 Dryades Street New Orleans, LA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Duplex configuration with 3 bedrooms and 1 bath; Central air and window units; Interior handicap provisions
