Duplex with Separate-Entry
For Sale
$209,900
3644 FAIRMONT Drive, New Orleans, LA 70122
Multifamily, New Orleans, LA
Property Size1,764 SF
Lot Size0.11 Acres
Price / SF$118.99
Days on Market66
Property Features for 3644 FAIRMONT Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Driveway
Standard status
Active
APN
38W309208
Size
1,764 SF
Lot size
0.11 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central, Ductless (Heating)
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
covered front porch
fenced backyard
storage buildings
Building Details
Year built
1948
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Architectural style
Split Level
Buildings
1
Listing Agency:
1 Percent Lists Legacy
(504) 499-0047
Listed By:
Richard A Miley · License #995709617
(985) 265-2046
Added: Aug 20
Changed: Oct 23
Last Checked: Oct 24 at 12:06AM
MLS# 2573280
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 1948, this 1,764-square-foot duplex on a 0.1102-acre lot includes a two-bedroom main home and an attached one-bedroom accessory dwelling unit. The main residence has a living room, dining area, kitchen, full bath, and an upper-level bonus room. The ADU adds a kitchen and dining area, laundry, full bath, and its own exterior entrance and separate meters, bringing the property to three bedrooms and two full baths overall.
Exterior features include a covered front porch, fenced backyard, green space, and multiple storage buildings. The property is in Gentilly, with access to I-10 and 610.
Exterior features include a covered front porch, fenced backyard, green space, and multiple storage buildings. The property is in Gentilly, with access to I-10 and 610.
Key Highlights
- 1,764 square feet of living area on a 0.1102‑acre lot
- Attached one‑bedroom ADU has a private exterior entrance and separate meters
- 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
8.71%
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 8.71%
Second Best
Apartment 5plus
$226.8K
$198.4K – $264.6K
NOI $15,874 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$461.6K
$403.9K – $538.5K
NOI $32,311 @ 7.0% cap · market cap 15.39%
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
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
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 - The property pairs a two-bedroom main residence with an independently accessed accessory unit featuring its own kitchen and laundry.
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 $209,900.
What are key features of this property?
This property features: 1,764 square feet of living area on a 0.1102‑acre lot; Attached one‑bedroom ADU has a private exterior entrance and separate meters; Three bedrooms and two full baths across the main residence and ADU
