Two-Unit Duplex with Modern
3609-3611 Fourth Street, New Orleans, LA 70125
For Sale
$393,000
Both residences are leased and feature upgraded interior finishes and a fenced yard.
Property Size2,462 SF
Price / SF$159.63
Days on Market86
Property Features for 3609-3611 Fourth Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Amenities
fenced yard
Building Details
Building Size
Year Built
Units
Listing Agency:
Compass Uptown
(504) 866-2785
Listed By:
Adrian Marie English Washington
(310) 686-1369
Source:
Donaldjulienrealestate
Added: Aug 21
Changed: Nov 8
Last Checked: Nov 13 at 7:03PM
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 Compass Uptown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2022, this New Orleans duplex contains two residences totaling 2,462 square feet. Each unit has quartz counters, stainless steel appliances, luxury vinyl plank flooring, 2-inch blinds, spray-foam insulation, and wiring for surround sound and a security system. A fenced yard serves the property. The building is tenant-occupied and is being offered in as-is condition, with some wear present.
Key Highlights
- Two‑unit duplex with 2,462 square feet, built in 2022
- Each unit has quartz countertops and stainless steel appliances
- Luxury vinyl plank flooring, 2‑inch blinds, and spray‑foam insulation in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,175
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,500
$623.5K
Cap Rate 7%
$445,357
$445.4K
Cap Rate 9%
$346,389
$346.4K
Market Conditions
NOI Build-Up for 2,462 SF
Gross rent
$48.7K $19.80/SF
− Vacancy
−$4.2K −$1.71/SF
EGI
$44.5K $18.09/SF
− OpEx
−$13.4K −$5.43/SF
NOI
$31.2K $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%
$623,500
Cap Rate 7%
$445,357
Cap Rate 9%
$346,389
Alternative Uses
Best Use
Multifamily LT 5
$445.4K
$389.7K – $519.6K
NOI $31,175 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$409.4K
$358.2K – $477.6K
NOI $28,655 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$625.8K
$547.5K – $730.1K
NOI $43,803 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,152
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
$428,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and feature upgraded interior finishes and a fenced yard.
Where is this duplex located?
The property is located at 3609-3611 Fourth Street New Orleans, LA.
What is the asking price?
The asking price for this property is $393,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,462 square feet, built in 2022; Each unit has quartz countertops and stainless steel appliances; Luxury vinyl plank flooring, 2‑inch blinds, and spray‑foam insulation in both units
