Shotgun-Style
For Sale
$450,000
3420 CLARA Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size1,736 SF
Lot Size0.11 Acres
Price / SF$259.22
Days on Market75
Property Features for 3420 CLARA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Off Street
Directions
Louisiana Ave to Clara
Standard status
Active
APN
614333730
Size
1,736 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
SQ 633 LOT 31 30X153/156 3420 CLARA ST A&B
Legal Description
SQ 633 LOT 31 30X153/156 3420 CLARA ST A&B
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2008
Number of units
2
Building materials
Wood Siding
Architectural style
Shotgun
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Noah A Thomas · License #995715515
(504) 388-6437
Added: Aug 10
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 2571840
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,736-square-foot duplex was built in 2008 and has a shotgun architectural style with wood siding. Its listed rooms include three bedrooms and two bathrooms. The property occupies a 0.1064-acre lot and includes off-street parking.
Public water and public sewer serve the property. It is located in New Orleans, Louisiana.
Public water and public sewer serve the property. It is located in New Orleans, Louisiana.
Key Highlights
- 1,736 square feet on a 0.1064‑acre lot
- Built in 2008 with shotgun architectural styling
- Three bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,921
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,420
$298.4K
Cap Rate 7%
$213,157
$213.2K
Cap Rate 9%
$165,789
$165.8K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$23.3K $13.44/SF
− Vacancy
−$2.0K −$1.16/SF
EGI
$21.3K $12.28/SF
− OpEx
−$6.4K −$3.68/SF
NOI
$14.9K $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%
$298,420
Cap Rate 7%
$213,157
Cap Rate 9%
$165,789
Alternative Uses
Best Use
Multifamily LT 5
$213.2K
$186.5K – $248.7K
NOI $14,921 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$189.0K
$165.3K – $220.5K
NOI $13,227 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$458.0K
$400.8K – $534.3K
NOI $32,060 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,820
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes off-street parking and connections to public water and sewer.
Where is this duplex located?
The property is located at 3420 CLARA Street New Orleans, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,736 square feet on a 0.1064‑acre lot; Built in 2008 with shotgun architectural styling; Three bedrooms and two bathrooms
