Well-Maintained Duplex with Fenced
New
For Sale
$249,900
3625 SHANGRI LA Drive, Chalmette, LA 70043
MULTI_FAMILY - Chalmette, LA
Property Size2,045 SF
Lot Size0.13 Acres
Price / SF$122.20
Days on Market4
Property Features for 3625 SHANGRI LA Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway, Off Street
Lot features
Regular
Standard status
Active
APN
303300000050
Size
2,045 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
LOT 50 NORTH PATRICIA SUB. 55X102=5610
Legal Description
LOT 50 NORTH PATRICIA SUB. 55X102=5610
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
1 Percent Lists Legacy
(504) 499-0047
Listed By:
Trey Miley · License #995709617
(985) 265-2046
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 6:06AM
MLS# 2569761
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex features two separate residences with central heat and central air. The layout includes a 3-bedroom, 1-bath unit and a 2-bedroom, 1-bath unit, each with spacious living areas and tile flooring through main spaces. Kitchens include ample cabinetry and workspace, and both homes offer functional room layouts. Exterior amenities include off-street parking, driveway parking, and a large fenced backyard for added privacy. A new shingle roof was installed in February 2025.
The property sits on a 0.1288-acre lot and totals 2,045 square feet. Water service is public, and the home was built in 1982. Parking is available via driveway and off-street spaces.
The configuration supports both investor and owner-occupant use, with one unit currently leased and the adjoining unit vacant and ready for a new tenant or occupancy.
The property sits on a 0.1288-acre lot and totals 2,045 square feet. Water service is public, and the home was built in 1982. Parking is available via driveway and off-street spaces.
The configuration supports both investor and owner-occupant use, with one unit currently leased and the adjoining unit vacant and ready for a new tenant or occupancy.
Key Highlights
- Duplex with two separate residences and central heat and central air
- 3‑bedroom, 1‑bath unit and 2‑bedroom, 1‑bath unit
- Large fenced backyard plus driveway and off‑street parking
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 | $35.1k | $17.16 |
| − Vacancy | −$3.0k | −$1.48 |
| EGI | $32.1k | $15.68 |
| − OpEx | −$9.6k | −$4.70 |
| NOI | $22.4k | $10.97 |
2,045 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$320.6K
$280.5K – $374.0K
NOI $22,442 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$299.7K
$262.3K – $349.7K
NOI $20,980 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$539.5K
$472.1K – $629.5K
NOI $37,767 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
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
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 - Well-maintained two-unit duplex with central HVAC, off-street parking, and a large fenced backyard.
Where is this duplex located?
The property is located at 3625 SHANGRI LA Drive Chalmette, LA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Duplex with two separate residences and central heat and central air; 3‑bedroom, 1‑bath unit and 2‑bedroom, 1‑bath unit; Large fenced backyard plus driveway and off‑street parking
