Duplex with New
For Sale
$239,900
3625 SHANGRI LA Drive, Chalmette, LA 70043
Multi-Family, Traditional, Chalmette, LA
Property Size2,045 SF
Lot Size0.13 Acres
Price / SF$117.31
Days on Market72
Property Features for 3625 SHANGRI LA Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street, Driveway
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
Amenities
off-street parking
large fenced backyard
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:
Richard Miley
(985) 265-2046
Added: Jul 28
Changed: Oct 1
Last Checked: Oct 7 at 11:06AM
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 2,045-square-foot duplex, built in 1982, contains two separate residences: one with 3 bedrooms and 1 bath, and another with 2 bedrooms and 1 bath. Both units include functional living areas, tile flooring across the main spaces, and kitchens with cabinetry and work surfaces. Central heating and central air serve the property, while a shingle roof was installed in February 2025.
The property is located at 3625 Shangri La Drive in Chalmette, Louisiana. Exterior features include driveway and off-street parking along with a large fenced backyard. One residence is leased at $1,350 per month, and the adjoining unit is vacant for leasing or occupancy.
The property is located at 3625 Shangri La Drive in Chalmette, Louisiana. Exterior features include driveway and off-street parking along with a large fenced backyard. One residence is leased at $1,350 per month, and the adjoining unit is vacant for leasing or occupancy.
Key Highlights
- 2,045 square feet on a 0.1288‑acre lot
- Two units: 3‑bedroom/1‑bath and 2‑bedroom/1‑bath layouts
- One unit leased at $1,350 per month; 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
427
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer separate layouts, central systems, off-street parking, and a 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 $239,900.
What are key features of this property?
This property features: 2,045 square feet on a 0.1288‑acre lot; Two units: 3‑bedroom/1‑bath and 2‑bedroom/1‑bath layouts; One unit leased at $1,350 per month; adjoining unit is vacant
