Duplex with Separate
For Sale
$995,000
3608 ELAINE Place, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size4,193 SF
Price / SF$237.30
Days on Market145
Property Features for 3608 ELAINE Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 2
Parking
2
Parking features
Driveway
Patio and Porch features
Porch
Subdivision
Faubourg St John
Standard status
Active
APN
701193608ELAINEPL
Size
4,193 SF
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private rear deck
rear patio
storage shed
Building Details
Year built
1926
Number of units
2
Flooring type
Wood, Tile, Concrete, Painted/stained
Building materials
HardiPlank Type, Stucco, Wood Siding
Listing Agency:
Crane Realtors
Listed By:
Aaron Dare · License #995681183
(504) 210-2014
Added: Jun 3
Changed: Oct 24
Last Checked: Oct 25 at 2:06PM
MLS# 2560423
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 4,193-square-foot duplex, built in 1926, has living and dining areas, a kitchen, six bedrooms and five bathrooms. The upper floor includes a primary suite with a walk-in closet and private access to a rear deck. Two lower-level spaces each have a separate exterior entrance and connect to the interior, creating distinct areas within the property. A rear patio, storage shed and driveway parking are also present.
The property is steps from Bayou St. John, with City Park, restaurants and neighborhood amenities described as minutes away. The rear deck has views of the bayou. Heating and cooling are central; public water and sewer serve the property, and natural gas is available.
The property is steps from Bayou St. John, with City Park, restaurants and neighborhood amenities described as minutes away. The rear deck has views of the bayou. Heating and cooling are central; public water and sewer serve the property, and natural gas is available.
Key Highlights
- 4,193 square feet
- Built in 1926
- Six bedrooms and five bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,094
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,880
$1.1M
Cap Rate 7%
$758,486
$758.5K
Cap Rate 9%
$589,933
$589.9K
Market Conditions
NOI Build-Up for 4,193 SF
Gross rent
$83.0K $19.80/SF
− Vacancy
−$7.2K −$1.71/SF
EGI
$75.8K $18.09/SF
− OpEx
−$22.8K −$5.43/SF
NOI
$53.1K $12.66/SF
Area
ZIP 70119
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%
$1,061,880
Cap Rate 7%
$758,486
Cap Rate 9%
$589,933
Alternative Uses
Best Use
Multifamily LT 5
$758.5K
$663.7K – $884.9K
NOI $53,094 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$697.2K
$610.0K – $813.4K
NOI $48,802 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.10M
$960.0K – $1.28M
NOI $76,802 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,860
Businesses Nearby
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Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
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 lower-level areas offer independent exterior access and interior connections to the upper floor.
Where is this duplex located?
The property is located at 3608 ELAINE Place New Orleans, LA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,193 square feet; Built in 1926; Six bedrooms and five bathrooms
