Traditional Duplex with Independent
3512-14 Robert Street New Orleans, LA 70125
3512-14 Robert Street, New Orleans, LA, 70125
$325,000
For Sale
$325,000
Two tenant-occupied units feature separate utilities, wooden floors, and in-unit laundry on an oversized fenced lot.
Property Size2,018 SF
Price / SF$161.05
Days on Market108
Property Features for 3512-14 Robert Street
General Information
- Standard status
- Active
- Size
- 2,018 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing agency
Compass
(504) 875-1556
Listed by
Mari Roberts · License #995692112
(504) 875-1556
Source
Compass
Added: Apr 6 Updated: Jul 21 at 3:25AM Checked: Jul 22 at 10:20AM
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
Investment Insights
Based on property information with market context.
This traditional duplex offers two independent residential units, each with its own yard and a layout designed for comfortable, long-term occupancy. Both units include wooden floors, natural light, spacious independent bedrooms, and comfortable living areas, along with the convenience of full laundry within each unit. Separate water and electric meters support independent utility usage for the tenants.
The property is set on an oversized, fenced lot, adding outdoor space and privacy for each unit. A front porch is also noted on the lower unit, contributing to the property’s classic New Orleans character.
Both units are currently tenant occupied, and 24 hours’ notice is required for showings.
The property is set on an oversized, fenced lot, adding outdoor space and privacy for each unit. A front porch is also noted on the lower unit, contributing to the property’s classic New Orleans character.
Both units are currently tenant occupied, and 24 hours’ notice is required for showings.
Key Highlights
- Traditional 2‑story duplex built in 1940 with 4 bedrooms and 2 full bathrooms (2 units).
- Tenant‑occupied duplex with wooden floors and natural light in both units.
- Separate water and electric meters for each unit.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.0k | $19.80 |
| − Vacancy | −$3.5k | −$1.71 |
| EGI | $36.5k | $18.09 |
| − OpEx | −$11.0k | −$5.43 |
| NOI | $25.6k | $12.66 |
2,018 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$365.0K
$319.4K – $425.9K
NOI $25,553 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$335.5K
$293.6K – $391.5K
NOI $23,487 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$512.9K
$448.8K – $598.4K
NOI $35,904 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two tenant-occupied units feature separate utilities, wooden floors, and in-unit laundry on an oversized fenced lot.
Where is this duplex located?
The property is located at 3512-14 Robert Street New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Traditional 2‑story duplex built in 1940 with 4 bedrooms and 2 full bathrooms (2 units).; Tenant‑occupied duplex with wooden floors and natural light in both units.; Separate water and electric meters for each unit.
