Duplex with Second-Floor
For Sale
$300,000
3633 35 FRANKLIN Avenue, New Orleans, LA 70122
Each residence has three bedrooms, two full bathrooms, wood flooring in the living areas, and tile in the kitchen and baths.
Property Size2,945 SF
Price / SF$101.87
Days on Market25
Property Features for 3633 35 FRANKLIN Avenue
General Information
Standard status
Active
Size
2,945 SF
Property subtype
Duplex
Site & Location
Neighborhood
Gentilly Terrace
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Building Size
2,945 SF
Year Built
1953
Listing Agency:
Charbonnet and Co. Realtors
Listed By:
Courtney Charbonnet
(504) 261-6307
Source:
Charbonnetcorealtors
Added: Oct 6
Changed: Oct 26
Last Checked: Oct 26 at 2:10PM
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 Charbonnet and Co. Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1953, this two-unit duplex contains 2,945 square feet. Each residence is configured with three bedrooms and two full bathrooms. Wood flooring is found in the living areas, while the kitchens and bathrooms have ceramic tile. A balcony on the second floor faces Franklin Avenue, and the property occupies a corner lot in Gentilly, New Orleans.
Key Highlights
- 2,945‑square‑foot duplex built in 1953
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Second‑floor balcony faces Franklin Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,502
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,040
$530.0K
Cap Rate 7%
$378,600
$378.6K
Cap Rate 9%
$294,467
$294.5K
Market Conditions
NOI Build-Up for 2,945 SF
Gross rent
$53.0K $18.00/SF
− Vacancy
−$4.8K −$1.64/SF
EGI
$48.2K $16.36/SF
− OpEx
−$21.7K −$7.36/SF
NOI
$26.5K $9.00/SF
Area
ZIP 70122
Vacancy
9.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,040
Cap Rate 7%
$378,600
Cap Rate 9%
$294,467
Alternative Uses
Best Use
Multifamily LT 5
$435.9K
$381.4K – $508.5K
NOI $30,511 @ 7.0% cap · market cap 10.17%
Second Best
Apartment 5plus
$378.6K
$331.3K – $441.7K
NOI $26,502 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$770.6K
$674.3K – $899.1K
NOI $53,943 @ 7.0% cap · market cap 17.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two full bathrooms, wood flooring in the living areas, and tile in the kitchen and baths.
Where is this duplex located?
The property is located at 3633 35 FRANKLIN Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,945‑square‑foot duplex built in 1953; Two residences, each with 3 bedrooms and 2 full bathrooms; Second‑floor balcony faces Franklin Avenue
