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6-Unit Apartment Building
For Sale
$649,000

3320 Kabel Dr, New Orleans, LA 70131

Six apartments feature separate electric and water meters, with two units ready for occupancy.

Property Size6,560 SF
Price / SF$98.93
Days on Market9

Property Features for 3320 Kabel Dr

General Information

Standard status Active
Size 6,560 SF
Property subtype Residential Income

Site & Location

Neighborhood Old Aurora

Units

Unit Mix 6 x 3BR/2BA
Multifamily Units 6
Individually Metered Utilities electric, water

Building Details

Buildings 1
Listing Agency: Compass Uptown
Listed By: Melissa B McClendon · License #995704113
Source: Exprealty
Added: Oct 22 Changed: Oct 29 Last Checked: Oct 28 at 2:46PM

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 Compass Uptown

Rey
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Investment Insights

Based on property information with market context.

This six-unit apartment property offers a consistent layout, with three bedrooms and two bathrooms in each residence. A newer roof and other property upgrades are among the improvements. Separate electric and water meters serve each unit, allowing residents to manage those utilities independently.

Two units are vacant and ready for occupancy. The property measures 6,560 square feet.

Key Highlights

  • Six apartments, each with 3 bedrooms and 2 bathrooms
  • Separate electric and water meters for every unit
  • Two vacant units are ready for occupancy

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

786
Businesses Nearby

Demographics for 70131, LA

27,473
Population
12,070
Households
2.3
Avg Household Size
38
Median Age
36%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
2,348
Density / Sq Mi
$64,294
Median Household Income
$45,347
Median Earnings
$1,057
Median Rent
$236,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Six apartments feature separate electric and water meters, with two units ready for occupancy.
Where is this apartment building located?
The property is located at 3320 Kabel Dr New Orleans, LA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Six apartments, each with 3 bedrooms and 2 bathrooms; Separate electric and water meters for every unit; Two vacant units are ready for occupancy
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