Duplex with Extra
For Sale
$270,000
3438 40 Jackson Boulevard, Chalmette, LA 70043
Two-unit property with an additional lot, on-site parking, and yard space.
Property Size2,400 SF
Price / SF$112.50
Days on Market79
Property Features for 3438 40 Jackson Boulevard
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Building Details
Year Built
1993
Listing Agency:
ERA Top Agent Realty
Listed By:
Joy Gilmore · License #000039239
(504) 554-3992
Source:
Fiorellaavenue
Added: Jul 21
Changed: Sep 26
Last Checked: Oct 5 at 9:02PM
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 ERA Top Agent Realty
Investment Insights
Based on property information with market context.
This 2,400-square-foot duplex was built in 1993 and includes an additional lot, on-site parking, and yard space. The two-unit configuration supports an owner-occupant arrangement or separate rental use, as described for the property.
Located at 3438 40 Jackson Boulevard in Chalmette, Louisiana, the property combines a residential income configuration with additional outdoor area and parking.
Located at 3438 40 Jackson Boulevard in Chalmette, Louisiana, the property combines a residential income configuration with additional outdoor area and parking.
Key Highlights
- 2,400‑square‑foot duplex built in 1993
- Additional lot included with the property
- On‑site parking and yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,622
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,440
$492.4K
Cap Rate 7%
$351,743
$351.7K
Cap Rate 9%
$273,578
$273.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$49.2K $20.52/SF
− Vacancy
−$4.5K −$1.87/SF
EGI
$44.8K $18.65/SF
− OpEx
−$20.1K −$8.39/SF
NOI
$24.6K $10.26/SF
Area
St. Bernard County, LA
Vacancy
9.10%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,440
Cap Rate 7%
$351,743
Cap Rate 9%
$273,578
Alternative Uses
Best Use
Multifamily LT 5
$376.3K
$329.2K – $439.0K
NOI $26,338 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$351.7K
$307.8K – $410.4K
NOI $24,622 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$633.2K
$554.0K – $738.7K
NOI $44,323 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 70043, LA
21,596
Population
8,782
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
83%
High-School Grad
9.1 sq mi
ZIP Area
2,373
Density / Sq Mi
$57,065
Median Household Income
$37,969
Median Earnings
$1,091
Median Rent
$203,800
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 an additional lot, on-site parking, and yard space.
Where is this duplex located?
The property is located at 3438 40 Jackson Boulevard Chalmette, LA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 2,400‑square‑foot duplex built in 1993; Additional lot included with the property; On‑site parking and yard space
