Duplex with New
For Sale
$239,900
3625 27 Shangri La Dr, Chalmette, LA 70043
Two separate residences offer flexible occupancy with tile flooring and a fenced backyard.
Property Size2,045 SF
Price / SF$117.31
Days on Market89
Property Features for 3625 27 Shangri La Dr
General Information
Standard status
Active
Size
2,045 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
large fenced backyard
Building Details
Year Built
1982
Tenancy
Single
Listing Agency:
United Real Estate Partners LLC
(504) 305-4930
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 24 at 4:47PM
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 United Real Estate Partners LLC
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Investment Insights
Based on property information with market context.
Built in 1982, this 2,045-square-foot duplex contains two separate residences: one with three bedrooms and one bathroom, and the other with two bedrooms and one bathroom. Both units include functional living areas, tile flooring throughout the main spaces, and kitchens with ample cabinetry and workspace. One residence is leased, while the adjoining unit is vacant for a new tenant or owner occupancy.
The property includes off-street parking and a large fenced backyard. A new roof was installed in February 2025. Located at 3625 27 Shangri La Dr in Chalmette, the layout supports separate household use within a single multifamily property.
The property includes off-street parking and a large fenced backyard. A new roof was installed in February 2025. Located at 3625 27 Shangri La Dr in Chalmette, the layout supports separate household use within a single multifamily property.
Key Highlights
- 2,045‑square‑foot duplex built in 1982
- Two units: 3‑bedroom/1‑bath and 2‑bedroom/1‑bath residences
- One unit is leased; the adjoining unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,980
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,600
$419.6K
Cap Rate 7%
$299,714
$299.7K
Cap Rate 9%
$233,111
$233.1K
Market Conditions
NOI Build-Up for 2,045 SF
Gross rent
$42.0K $20.52/SF
− Vacancy
−$3.8K −$1.87/SF
EGI
$38.1K $18.65/SF
− OpEx
−$17.2K −$8.39/SF
NOI
$21.0K $10.26/SF
Area
St. Bernard County, LA
Vacancy
9.10%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,600
Cap Rate 7%
$299,714
Cap Rate 9%
$233,111
Alternative Uses
Best Use
Multifamily LT 5
$320.6K
$280.5K – $374.0K
NOI $22,442 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$299.7K
$262.3K – $349.7K
NOI $20,980 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$539.5K
$472.1K – $629.5K
NOI $37,767 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
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Business Placement
Demographics for 70043, LA
21,596
Population
8,782
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
83%
High-School Grad
9.1 sq mi
ZIP Area
2,373
Density / Sq Mi
$57,065
Median Household Income
$37,969
Median Earnings
$1,091
Median Rent
$203,800
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 separate residences offer flexible occupancy with tile flooring and a fenced backyard.
Where is this duplex located?
The property is located at 3625 27 Shangri La Dr Chalmette, LA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2,045‑square‑foot duplex built in 1982; Two units: 3‑bedroom/1‑bath and 2‑bedroom/1‑bath residences; One unit is leased; the adjoining unit is vacant
