Updated Duplex with Off-Street
3618-20 Trafalgar Street New Orleans, LA 70119
For Sale
$395,000
Renovated shotgun-style duplex with updated kitchens, renovated baths, and separate electric meters.
Property Size2,054 SF
Price / SF$192.31
Days on Market320
Property Features for 3618-20 Trafalgar Street
General Information
- Standard status
- Active
- Size
- 2,054 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing Agency:
City Porch Realty
(504) 301-7787
Listed By:
David Zalkind · License #000000281
(504) 301-7787
Source:
Compass
Added: Sep 7, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:15PM
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 City Porch Realty
Investment Insights
Based on property information with market context.
Beautifully updated Craftsman-style shotgun double offering two residential units with refinished original heart pine floors, tall ceilings, crown moldings, and original wood windows. Both units feature updated kitchens with ample storage and renovated bathrooms with tile finishes, along with a large bedroom and an additional bonus space that can function as a second bedroom or office. One side also includes updated tile flooring for added durability. The property provides separate electric meters for each unit, while water is on a shared meter.
The home sits just one block from the Fairgrounds, with City Park and Bayou St. John within walking distance. It also offers dual gated driveways for off-street parking that extend to a fully fenced, deep backyard, plus an inviting front porch.
Each unit is configured as a large bedroom with a versatile bonus space, supporting flexible interior use within the duplex layout.
The home sits just one block from the Fairgrounds, with City Park and Bayou St. John within walking distance. It also offers dual gated driveways for off-street parking that extend to a fully fenced, deep backyard, plus an inviting front porch.
Each unit is configured as a large bedroom with a versatile bonus space, supporting flexible interior use within the duplex layout.
Key Highlights
- Renovated shotgun‑style duplex with 2 units, each offering 1 bedroom plus a versatile bonus space (second bedroom or office).
- Updated kitchens in both units with ample storage; renovated bathrooms with tile finishes.
- Separate electric meters for each unit; central air (and window units) plus central/other heat.
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 | $40.7k | $19.80 |
| − Vacancy | −$3.5k | −$1.71 |
| EGI | $37.2k | $18.09 |
| − OpEx | −$11.1k | −$5.43 |
| NOI | $26.0k | $12.66 |
2,054 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$371.6K
$325.1K – $433.5K
NOI $26,009 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$341.5K
$298.8K – $398.4K
NOI $23,906 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$537.5K
$470.3K – $627.1K
NOI $37,623 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated shotgun-style duplex with updated kitchens, renovated baths, and separate electric meters.
Where is this duplex located?
The property is located at 3618-20 Trafalgar Street New Orleans, LA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Renovated shotgun‑style duplex with 2 units, each offering 1 bedroom plus a versatile bonus space (second bedroom or office).; Updated kitchens in both units with ample storage; renovated bathrooms with tile finishes.; Separate electric meters for each unit; central air (and window units) plus central/other heat.
