Duplex Property for
For Sale
$225,000
3416 Saint Claude Ave, New Orleans, LA 70117
The seller owns one side of the duplex, which requires further work.
Property Size990 SF
Price / SF$227.27
Days on Market14
Property Features for 3416 Saint Claude Ave
General Information
Standard status
Active
Size
990 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
needs TLC
Site & Location
Neighborhood
St. Claude
Additional Details
Multifamily Units
1
Listing Agency:
Congress Realty Inc
Listed By:
Jared English · License #0561973
(888) 881-4118
Source:
Exprealty
Added: Oct 13
Changed: Oct 25
Last Checked: Oct 25 at 2:40AM
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 Congress Realty Inc
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Investment Insights
Based on property information with market context.
This New Orleans duplex property contains 990 square feet and is described as having two bedrooms and two bathrooms. The seller owns one side. The property was refurbished in 2005 and reportedly underwent a studs-level renovation after Hurricane Katrina. Further work is needed.
Key Highlights
- 990‑square‑foot duplex property
- Two bedrooms and two bathrooms
- Seller owns one side of the duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,522
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,440
$230.4K
Cap Rate 7%
$164,600
$164.6K
Cap Rate 9%
$128,022
$128.0K
Market Conditions
NOI Build-Up for 990 SF
Gross rent
$23.0K $23.28/SF
− Vacancy
−$2.1K −$2.12/SF
EGI
$20.9K $21.16/SF
− OpEx
−$9.4K −$9.52/SF
NOI
$11.5K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,440
Cap Rate 7%
$164,600
Cap Rate 9%
$128,022
Alternative Uses
Best Use
Apartment 5plus
$164.6K
$144.0K – $192.0K
NOI $11,522 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.6K
$220.2K – $293.6K
NOI $17,614 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
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Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The seller owns one side of the duplex, which requires further work.
Where is this multifamily property located?
The property is located at 3416 Saint Claude Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 990‑square‑foot duplex property; Two bedrooms and two bathrooms; Seller owns one side of the duplex
