Two-Unit Cottage
For Sale
$149,000
3512 GIBSON Street, New Orleans, LA 70122
Multifamily, New Orleans, LA
Property Size1,296 SF
Lot Size0.09 Acres
Price / SF$114.97
Days on Market410
Property Features for 3512 GIBSON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Parking features
Off Street
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
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Number of units
2
Building materials
HardiPlank Type
Architectural style
Cottage
Listing Agency:
AT Home Realty Group
(504) 352-6063
Listed By:
Santiago L Compass · License #995686932
(504) 919-3999
Added: Sep 9, 2025
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 2521019
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,296-square-foot duplex is configured with two bedrooms and two bathrooms. Built in 1970, the cottage-style property has HardiPlank siding, central heating and central air conditioning.
The 0.0868-acre parcel has public water and public sewer service. Off-street parking is available.
The 0.0868-acre parcel has public water and public sewer service. Off-street parking is available.
Key Highlights
- 1,296 square feet with two bedrooms and two bathrooms
- 0.0868‑acre parcel
- Built in 1970 with HardiPlank Type construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,427
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,540
$268.5K
Cap Rate 7%
$191,814
$191.8K
Cap Rate 9%
$149,189
$149.2K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$21.0K $16.20/SF
− Vacancy
−$1.8K −$1.40/SF
EGI
$19.2K $14.80/SF
− OpEx
−$5.8K −$4.44/SF
NOI
$13.4K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,540
Cap Rate 7%
$191,814
Cap Rate 9%
$149,189
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.
How Realmo checks its estimates
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two bedrooms and two bathrooms are served by central heating and air conditioning.
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: 1,296 square feet with two bedrooms and two bathrooms; 0.0868‑acre parcel; Built in 1970 with HardiPlank Type construction
