Occupied Duplex with Private
For Sale
$189,000
3531-33 Frenchmen Street, New Orleans, LA 70122
Duplex with both sides occupied, featuring private driveways and tenant-paid utilities.
Property Size1,680 SF
Price / SF$112.50
Days on Market328
Property Features for 3531-33 Frenchmen Street
General Information
Standard status
Active
Size
1,680 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Additional Details
Highway Access
Yes
Building Details
Year Built
1971
Listing Agency:
RE/MAX Living
(504) 495-4695
Listed By:
Christopher Hakenjos · License #995692924
(504) 495-4695
Source:
Compass
Added: Sep 6, 2025
Changed: Jul 23
Last Checked: Jul 29 at 12:59PM
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 RE/MAX Living
Investment Insights
Based on property information with market context.
This occupied duplex (two units) is designed for straightforward day-to-day living, with tenants paying all of their own utilities. Each side has its own private driveway and its own yard. One side has had an AC compressor upgrade recently, providing an additional item of documented mechanical improvement.
The property is located with ease of access to the interstate and is conveniently situated to many of Gentilly’s shops, supporting everyday accessibility for residents and visitors alike. The duplex is offered for sale at 3531-33 Frenchmen Street, New Orleans, LA 70122.
The property is located with ease of access to the interstate and is conveniently situated to many of Gentilly’s shops, supporting everyday accessibility for residents and visitors alike. The duplex is offered for sale at 3531-33 Frenchmen Street, New Orleans, LA 70122.
Key Highlights
- 4‑bed, 2‑bath duplex with both sides occupied
- Tenants pay all their own utilities
- Private driveways for each side, with each tenant having their own yard
Financial Insights For Apartment 5plus
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 | $30.2k | $18.00 |
| − Vacancy | −$2.8k | −$1.64 |
| EGI | $27.5k | $16.36 |
| − OpEx | −$12.4k | −$7.36 |
| NOI | $15.1k | $9.00 |
1,680 SF · lease $18.00/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$248.6K
$217.6K – $290.1K
NOI $17,405 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$216.0K
$189.0K – $252.0K
NOI $15,118 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$439.6K
$384.7K – $512.9K
NOI $30,772 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
737
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with both sides occupied, featuring private driveways and tenant-paid utilities.
Where is this duplex located?
The property is located at 3531-33 Frenchmen Street New Orleans, LA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 4‑bed, 2‑bath duplex with both sides occupied; Tenants pay all their own utilities; Private driveways for each side, with each tenant having their own yard
