Gentilly Duplex
3512 Gibson Street New Orleans, LA 70122
3512 Gibson Street, New Orleans, LA, 70122
$159,000
For Sale
$159,000
Two-unit duplex offered for sale with investor-focused appeal in a residential income property setting.
Property Size1,296 SF
Price / SF$122.69
Days on Market435
Property Features for 3512 Gibson Street
General Information
- Standard status
- Active
- Size
- 1,296 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1970
Listing agency
AT Home Realty Group
(504) 919-3999
Listed by
Santiago Compass · License #995686932
(504) 919-3999
Source
Compass
Added: May 13, 2025 Updated: Jul 20 at 10:23PM Checked: Jul 20 at 10:23PM
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 AT Home Realty Group
Investment Insights
Based on property information with market context.
This for-sale Gentilly duplex is offered as a residential income property and includes a two-unit structure. The opportunity is being marketed toward investors looking for a property they can reposition.
The property is located at 3512 Gibson Street in New Orleans, Louisiana, within the Gentilly area.
Additional property specifics such as unit configuration details, condition, or on-site amenities are not provided in the available information.
The property is located at 3512 Gibson Street in New Orleans, Louisiana, within the Gentilly area.
Additional property specifics such as unit configuration details, condition, or on-site amenities are not provided in the available information.
Key Highlights
- Two‑unit duplex (2 beds, 2 full baths) with central heating and central air
- 1‑story duplex built in 1970 with asphalt shingle roof
- HardiPlank Type exterior construction with pillar/post/pier foundation
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 | $21.0k | $16.20 |
| − Vacancy | −$1.8k | −$1.40 |
| EGI | $19.2k | $14.80 |
| − OpEx | −$5.8k | −$4.44 |
| NOI | $13.4k | $10.36 |
1,296 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$191.8K
$167.8K – $223.8K
NOI $13,427 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$166.6K
$145.8K – $194.4K
NOI $11,663 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$339.1K
$296.7K – $395.7K
NOI $23,739 @ 7.0% cap · market cap 14.93%
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-unit duplex offered for sale with investor-focused appeal in a residential income property setting.
Where is this duplex located?
The property is located at 3512 Gibson Street New Orleans, LA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Two‑unit duplex (2 beds, 2 full baths) with central heating and central air; 1‑story duplex built in 1970 with asphalt shingle roof; HardiPlank Type exterior construction with pillar/post/pier foundation
