Contemporary Two-Unit
For Sale
$575,000
3609 11 Marais St, New Orleans, LA 70117
Two residences feature modern finishes, in-unit laundry, and a private rooftop deck for flexible urban living.
Property Size2,387 SF
Price / SF$240.89
Days on Market23
Property Features for 3609 11 Marais St
General Information
Standard status
Active
Size
2,387 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
private rooftop deck
low-maintenance yard
in-unit laundry
Building Details
Year Built
2021
Buildings
1
Listing Agency:
eXp Realty, LLC
Listed By:
Adrienne LaBauve · License #995684424
(504) 344-0877
Source:
Dominionplace
Added: Sep 13
Changed: Sep 29
Last Checked: Oct 4 at 2:48PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2021, this duplex contains two separate residences totaling approximately 2,387 square feet. The lower unit includes 3 bedrooms and 2 bathrooms across approximately 1,350 square feet, while the upper unit offers 2 bedrooms, 2 bathrooms, and approximately 1,037 square feet. Both interiors include open living areas, wide-plank wood flooring, tall ceilings, large windows, contemporary lighting, and kitchens with stainless steel appliances, gas ranges, vented hoods, subway tile backsplashes, and oversized islands. Modern bathrooms include custom tilework and glass-enclosed showers, and each unit has in-unit laundry.
The upper residence includes a private rooftop deck, while the property also provides a low-maintenance yard. The duplex is located in the Bywater/St. Claude corridor, with the French Quarter and Bywater a short distance away. Nearby context includes restaurants, live music venues, coffee shops, and other local businesses.
The upper residence includes a private rooftop deck, while the property also provides a low-maintenance yard. The duplex is located in the Bywater/St. Claude corridor, with the French Quarter and Bywater a short distance away. Nearby context includes restaurants, live music venues, coffee shops, and other local businesses.
Key Highlights
- Two‑unit duplex built in 2021
- Approximately 2,387 square feet across both residences
- Lower unit: 3 bedrooms, 2 bathrooms, and approximately 1,350 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,225
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,500
$604.5K
Cap Rate 7%
$431,786
$431.8K
Cap Rate 9%
$335,833
$335.8K
Market Conditions
NOI Build-Up for 2,387 SF
Gross rent
$47.3K $19.80/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$43.2K $18.09/SF
− OpEx
−$13.0K −$5.43/SF
NOI
$30.2K $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%
$604,500
Cap Rate 7%
$431,786
Cap Rate 9%
$335,833
Alternative Uses
Best Use
Multifamily LT 5
$431.8K
$377.8K – $503.8K
NOI $30,225 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$396.9K
$347.3K – $463.0K
NOI $27,782 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$606.7K
$530.9K – $707.8K
NOI $42,469 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
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 - Two residences feature modern finishes, in-unit laundry, and a private rooftop deck for flexible urban living.
Where is this duplex located?
The property is located at 3609 11 Marais St New Orleans, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2021; Approximately 2,387 square feet across both residences; Lower unit: 3 bedrooms, 2 bathrooms, and approximately 1,350 square feet
