Split-Level Duplex With
For Sale
$219,900
3644 FAIRMONT Drive, New Orleans, LA 70122
Multi-Family, Split Level, New Orleans, LA
Property Size1,764 SF
Lot Size0.11 Acres
Price / SF$124.66
Days on Market49
Property Features for 3644 FAIRMONT Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Lot features
Regular
Standard status
Active
APN
38W309208
Size
1,764 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
GENT PKWY SQ 11 OR L LOTS 15 16 FAIRMONT DR 40 X 120 SGLE SLATE/SIDING 8/RM A/R WORK SHED
Legal Description
GENT PKWY SQ 11 OR L LOTS 15 16 FAIRMONT DR 40 X 120 SGLE SLATE/SIDING 8/RM A/R WORK SHED
Utilities
Heating system
Central, Other (Heating), Ductless (Heating)
Cooling system
Window Unit(s), Central Air
Water source
Public
Amenities
covered front porch
fenced backyard
storage buildings
Building Details
Year built
1948
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Split Level
Listing Agency:
1 Percent Lists Legacy
(504) 499-0047
Listed By:
Trey Miley · License #995709617
(985) 265-2046
Added: Aug 20
Changed: Sep 16
Last Checked: Oct 7 at 3:06PM
MLS# 2573280
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 split-level duplex, built in 1948, combines a main residence with an attached one-bedroom, one-bath ADU. The property contains approximately 1,764 square feet of total living area and offers three bedrooms and two full baths overall. The primary residence includes hardwood floors, a living room, dining area, kitchen, two upstairs bedrooms, and a full bath. An upper-level bonus room adds adaptable space for an office, studio, hobby area, or storage.
The ADU has a private exterior entrance, separate meters, kitchen and dining space, laundry, bedroom, and full bath. Exterior features include a covered front porch, fenced backyard, green space, and multiple storage buildings on a 0.1102-acre lot. Driveway parking is provided, with public water service and shingle roofing. Central air, window units, central heating, and ductless heating systems are present. The property also offers access to I-10 and 610.
The ADU has a private exterior entrance, separate meters, kitchen and dining space, laundry, bedroom, and full bath. Exterior features include a covered front porch, fenced backyard, green space, and multiple storage buildings on a 0.1102-acre lot. Driveway parking is provided, with public water service and shingle roofing. Central air, window units, central heating, and ductless heating systems are present. The property also offers access to I-10 and 610.
Key Highlights
- Attached 1‑bedroom, 1‑bath ADU with private exterior entrance and separate meters
- Approximately 1,764 square feet of total living area
- Three bedrooms and two full baths across the main residence and ADU
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,275
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,500
$365.5K
Cap Rate 7%
$261,071
$261.1K
Cap Rate 9%
$203,056
$203.1K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$28.6K $16.20/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$26.1K $14.80/SF
− OpEx
−$7.8K −$4.44/SF
NOI
$18.3K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,500
Cap Rate 7%
$261,071
Cap Rate 9%
$203,056
Alternative Uses
Best Use
Multifamily LT 5
$261.1K
$228.4K – $304.6K
NOI $18,275 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$226.8K
$198.4K – $264.6K
NOI $15,874 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$461.6K
$403.9K – $538.5K
NOI $32,311 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
805
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
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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 connected residences provide separate entrances, kitchens, baths, and flexible living arrangements.
Where is this duplex located?
The property is located at 3644 FAIRMONT Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Attached 1‑bedroom, 1‑bath ADU with private exterior entrance and separate meters; Approximately 1,764 square feet of total living area; Three bedrooms and two full baths across the main residence and ADU
