Duplex with Private
New
For Sale
$315,000
3605 07 Calhoun St, New Orleans, LA 70125
Each side has an open front living area, rear bedrooms, and access to a fenced yard.
Property Size2,200 SF
Price / SF$143.18
Days on Market7
Property Features for 3605 07 Calhoun St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1953
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
Listed By:
Michelle Rose · License #995697318
(504) 909-0017
Source:
Fiorellaavenue
Added: Oct 1
Last Checked: Oct 5 at 10:44PM
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex, built in 1953, has a similar layout on each side: an open living area toward the front and bedrooms at the rear, with access to a porch and fenced backyard. A storage shed is also on the property.
Foundation stabilization and replacement plumbing, electrical systems, and water heaters were completed in 2014. More recent work includes new air conditioning, interior and exterior paint, and updated flooring; air conditioning was added to the 3605 side in 2026.
Tulane University is nearby, and Audubon Park is a short drive away. Humble Bagel, Mojo Coffee, and Clancy’s are within walking distance.
Foundation stabilization and replacement plumbing, electrical systems, and water heaters were completed in 2014. More recent work includes new air conditioning, interior and exterior paint, and updated flooring; air conditioning was added to the 3605 side in 2026.
Tulane University is nearby, and Audubon Park is a short drive away. Humble Bagel, Mojo Coffee, and Clancy’s are within walking distance.
Key Highlights
- 2,200‑square‑foot duplex built in 1953
- Foundation stabilization, plumbing, electrical, and water heaters updated in 2014
- Air conditioning added to the 3605 side in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,857
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,140
$557.1K
Cap Rate 7%
$397,957
$398.0K
Cap Rate 9%
$309,522
$309.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$43.6K $19.80/SF
− Vacancy
−$3.8K −$1.71/SF
EGI
$39.8K $18.09/SF
− OpEx
−$11.9K −$5.43/SF
NOI
$27.9K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,140
Cap Rate 7%
$397,957
Cap Rate 9%
$309,522
Alternative Uses
Best Use
Multifamily LT 5
$398.0K
$348.2K – $464.3K
NOI $27,857 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$365.8K
$320.1K – $426.8K
NOI $25,605 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$559.2K
$489.3K – $652.4K
NOI $39,142 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each side has an open front living area, rear bedrooms, and access to a fenced yard.
Where is this duplex located?
The property is located at 3605 07 Calhoun St New Orleans, LA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,200‑square‑foot duplex built in 1953; Foundation stabilization, plumbing, electrical, and water heaters updated in 2014; Air conditioning added to the 3605 side in 2026
