Two-Unit
For Sale
$239,900
3625 Shangri La Dr, Chalmette, LA 70043
One residence is leased, while the other is vacant and available for tenant or owner use.
Property Size2,045 SF
Price / SF$117.31
Days on Market96
Property Features for 3625 Shangri La Dr
General Information
Standard status
Active
Size
2,045 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
large fenced backyard
Listing Agency:
1 Percent Lists Legacy
(504) 499-0047
Listed By:
Richard A Miley · License #995709617
(985) 265-2046
Source:
Exprealty
Added: Jul 28
Changed: Oct 30
Last Checked: Oct 30 at 3:27PM
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 1 Percent Lists Legacy
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Investment Insights
Based on property information with market context.
This 2,045-square-foot duplex has two separate residences: one with three bedrooms and one bath, and another with two bedrooms and one bath. One unit is leased, while the other is vacant. Tile flooring runs through the main living spaces, and both kitchens have cabinetry and work areas. The property also has off-street parking and a fenced backyard. A new roof was installed in February 2025.
Key Highlights
- 2,045‑square‑foot duplex with two separate residences
- Unit mix: one 3‑bedroom, 1‑bath residence and one 2‑bedroom, 1‑bath residence
- 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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Property Analytics
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Open Analytics
Lease Details
2
Residential units
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, while the other is vacant and available for tenant or owner use.
Where is this duplex located?
The property is located at 3625 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 with two separate residences; Unit mix: one 3‑bedroom, 1‑bath residence and one 2‑bedroom, 1‑bath residence; One unit is leased; the adjoining unit is vacant
