Renovated Double with Fenced
3605 CALHOUN Street New Orleans, LA 70125
3605 CALHOUN Street, New Orleans, LA, 70125
$325,000
For Sale
$325,000
MULTI_FAMILY - New Orleans, LA
Property Size2,200 SF
Price / SF$147.73
Days on Market68
Property Features for 3605 CALHOUN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 146
- Size
- 2,200 SF
Taxes and HOA fees
- Tax Description
- BURTHEVILLE SQ 146 LOT 2 30X114/116 3605-07 CALHOUN ST DU-W FILE #93523 12/07
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Cottage
Listing Agency
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
3500 N Causeway Blvd Suite 350, Metairie, LA
Listed by
Michael Lester
(504) 669-8822
Added: May 11 Checked: Jul 17 at 7:06 am
MLS# 2557413
Listing URL
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 2-unit New Orleans double at 3605 Calhoun Street offers a classic shotgun with a hallway layout designed to maintain the property’s historic flow while supporting privacy. The home provides 4 bedrooms and 2 bathrooms total, with primary bedrooms positioned toward the rear and direct access to back porches. A spacious fully fenced yard includes a storage shed. The interior and mechanical systems were overhauled in 2014, including completely new plumbing, electrical, and water heaters, along with renovated kitchens and bathrooms. Foundation stabilization work by Richard Earls Construction included 34 steel-reinforced concrete footings, joist sistering, and sill replacements. Additional updates include a new A/C unit on the 3605 side in 2026, fresh interior paint in 2026, and updated flooring on the 3607 side in 2024.
Located in Uptown New Orleans, the property is described as being steps from Tulane University and within walking access to local neighborhood favorites such as Humble Bagel, Petite Rouge, and Mojo.
The asset is listed with an X-Flood Zone designation and is configured as a double with two units operating within one building footprint.
Located in Uptown New Orleans, the property is described as being steps from Tulane University and within walking access to local neighborhood favorites such as Humble Bagel, Petite Rouge, and Mojo.
The asset is listed with an X-Flood Zone designation and is configured as a double with two units operating within one building footprint.
Key Highlights
- New Orleans double offers 4 bedrooms, 2 baths, and 2,200 sq ft of living space on a 30' x 116' lot
- Massive 2014 interior and mechanical overhaul: new plumbing, electrical, water heaters, and renovated kitchens and bathrooms
- Foundation stabilization completed by Richard Earls Construction with 34 steel‑reinforced concrete footings, joist sistering, and sill replacements
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 | $43.6k | $19.80 |
| − Vacancy | −$3.8k | −$1.71 |
| EGI | $39.8k | $18.09 |
| − OpEx | −$11.9k | −$5.43 |
| NOI | $27.9k | $12.66 |
2,200 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.0K
$348.2K – $464.3K
NOI $27,857 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$365.8K
$320.1K – $426.8K
NOI $25,605 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$559.2K
$489.3K – $652.4K
NOI $39,142 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit New Orleans double featuring a shotgun hallway layout, fenced yard, and major 2014 plumbing and electrical upgrades.
Where is this duplex located?
The property is located at 3605 CALHOUN Street New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: New Orleans double offers 4 bedrooms, 2 baths, and 2,200 sq ft of living space on a 30' x 116' lot; Massive 2014 interior and mechanical overhaul: new plumbing, electrical, water heaters, and renovated kitchens and bathrooms; Foundation stabilization completed by Richard Earls Construction with 34 steel‑reinforced concrete footings, joist sistering, and sill replacements
