Brick Two-Unit
For Sale
$239,900
3625 SHANGRI LA Drive, Chalmette, LA 70043
Multifamily, Chalmette, LA
Property Size2,045 SF
Lot Size0.13 Acres
Price / SF$117.31
Days on Market91
Property Features for 3625 SHANGRI LA Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Off Street, Driveway
Standard status
Active
APN
303300000050
Size
2,045 SF
Lot size
0.13 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LOT 50 NORTH PATRICIA SUB. 55X102=5610
Legal Description
LOT 50 NORTH PATRICIA SUB. 55X102=5610
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Number of units
2
Building materials
Brick
Architectural style
Other
Buildings
1
Listing Agency:
1 Percent Lists Legacy
(504) 499-0047
Listed By:
Richard A Miley · License #995709617
(985) 265-2046
Added: Jul 28
Changed: Oct 24
Last Checked: Oct 26 at 4:06AM
MLS# 2569761
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1982, this brick duplex contains 2,045 square feet across two residences: one with 3 bedrooms and 1 bathroom, and another with 2 bedrooms and 1 bathroom. Central heating and central air serve the property. A roof replacement was completed in February 2025, and the exterior includes a driveway, additional off-street parking, and a fenced backyard.
The property occupies a 0.1288-acre lot at 3625 Shangri La Drive in Chalmette. Public water and sewer serve the site, and natural gas is available. One unit is tenant-occupied, while the other is vacant.
The property occupies a 0.1288-acre lot at 3625 Shangri La Drive in Chalmette. Public water and sewer serve the site, and natural gas is available. One unit is tenant-occupied, while the other is vacant.
Key Highlights
- Two residences: 3 bedrooms and 1 bathroom in one; 2 bedrooms and 1 bathroom in the other
- 2,045 square feet of building area
- New roof installed in February 2025
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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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 occupied by a tenant; the adjoining unit is vacant.
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 $239,900.
What are key features of this property?
This property features: Two residences: 3 bedrooms and 1 bathroom in one; 2 bedrooms and 1 bathroom in the other; 2,045 square feet of building area; New roof installed in February 2025
