Gentilly Duplex Investment
For Sale
$149,000
3512 GIBSON Street, New Orleans, LA 70122
MULTI_FAMILY - New Orleans, LA
Property Size1,296 SF
Lot Size0.09 Acres
Price / SF$114.97
Days on Market326
Property Features for 3512 GIBSON Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Lot features
Regular
Standard status
Active
APN
37W410504
Size
1,296 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
SQ 2316 LOT 10 GIBSON 36X105 SGLE/FR 6/RM A/R
Legal Description
SQ 2316 LOT 10 GIBSON 36X105 SGLE/FR 6/RM A/R
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Number of units
1
Roof type
Shingle
Architectural style
Cottage
Listing Agency:
AT Home Realty Group
(504) 352-6063
Listed By:
Santiago Compass · License #995686932
(504) 352-6063
Added: Sep 9, 2025
Changed: May 14
Last Checked: Jul 31 at 9:06AM
MLS# 2521019
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a duplex located in New Orleans, LA, specifically in the Gentilly area. The property, situated on a lot of approximately 0.0868 acres, offers a total of 1296 square feet of space. This property represents an investment opportunity for potential owners looking to acquire a residential income property in a prime location.
Key Highlights
- Investment opportunity: Duplex property suitable for investors
- Prime Gentilly location
- Central heating and cooling
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 9.01%
Second Best
Apartment 5plus
$166.6K
$145.8K – $194.4K
NOI $11,663 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$339.1K
$296.7K – $395.7K
NOI $23,739 @ 7.0% cap · market cap 15.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in prime New Orleans location, ideal for investors.
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 $149,000.
What are key features of this property?
This property features: Investment opportunity: Duplex property suitable for investors; Prime Gentilly location; Central heating and cooling
