New Construction Duplex with Private
For Sale
$399,000
Pending
3508-10 Evangeline Dr, Chalmette, LA 70043
Two residences provide separate utilities, individual driveways, and open-concept living areas.
Property Size2,258 SF
Days on Market52
Property Features for 3508-10 Evangeline Dr
General Information
Standard status
Pending
Size
2,258 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
United Real Estate Partners LLC
(504) 305-4930
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 24 at 4:20PM
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 United Real Estate Partners LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newly built duplex at 3508-10 Evangeline Dr includes 2,258 square feet with two separately arranged residences. Each side contains 3 bedrooms and 2 full baths, along with an open-concept layout, high ceilings, generous living space, and a primary suite with a private bath and walk-in closet. Separate utilities and private driveways support independent operation, while the FORTIFIED roof and Flood Zone X designation are additional property features.
The property is within walking distance of Sidney D. Torres Memorial Park and near restaurants, banks, shopping, Walmart, and other daily services. New Orleans is approximately 15 minutes away. The duplex is suited to an owner-occupant arrangement or an investor seeking to occupy one residence and rent the other.
The property is within walking distance of Sidney D. Torres Memorial Park and near restaurants, banks, shopping, Walmart, and other daily services. New Orleans is approximately 15 minutes away. The duplex is suited to an owner-occupant arrangement or an investor seeking to occupy one residence and rent the other.
Key Highlights
- Two residences with 3 bedrooms and 2 full baths per side
- 2,258 square feet of duplex space
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,780
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,600
$495.6K
Cap Rate 7%
$354,000
$354.0K
Cap Rate 9%
$275,333
$275.3K
Market Conditions
NOI Build-Up for 2,258 SF
Gross rent
$38.7K $17.16/SF
− Vacancy
−$3.3K −$1.48/SF
EGI
$35.4K $15.68/SF
− OpEx
−$10.6K −$4.70/SF
NOI
$24.8K $10.97/SF
Area
St. Bernard County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,600
Cap Rate 7%
$354,000
Cap Rate 9%
$275,333
Alternative Uses
Best Use
Multifamily LT 5
$354.0K
$309.8K – $413.0K
NOI $24,780 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$330.9K
$289.6K – $386.1K
NOI $23,165 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$595.7K
$521.3K – $695.0K
NOI $41,701 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
460
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide separate utilities, individual driveways, and open-concept living areas.
Where is this duplex located?
The property is located at 3508-10 Evangeline Dr Chalmette, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two residences with 3 bedrooms and 2 full baths per side; 2,258 square feet of duplex space; Built in 2026
