Two-Unit Duplex with Fenced
For Sale
$385,000
3655 57 Tchoupitoulas St, New Orleans, LA 70115
HU-MU-zoned property with two residential layouts, separate laundry rooms, exterior storage, and individually fenced outdoor areas.
Property Size1,314 SF
Price / SF$292
Days on Market79
Property Features for 3655 57 Tchoupitoulas St
General Information
Standard status
Active
Size
1,314 SF
Property subtype
Multi-Family
Building Details
Year Built
1934
Listing Agency:
REVE, REALTORS
Listed By:
Joey Walker · License #995699523
(504) 610-5637
Source:
Fiorellaavenue
Added: Aug 2
Changed: Oct 16
Last Checked: Oct 7 at 5:31PM
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 REVE, REALTORS
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Investment Insights
Based on property information with market context.
Built in 1934, this 1,314-square-foot duplex contains two residential units, each arranged with two bedrooms and one bath in a shotgun-style layout. Interior features include wood flooring, mantels, updated kitchens and bathrooms, and dedicated laundry rooms. Each unit also has exterior storage and its own fenced yard. The property occupies a deep 27' x 139'/145' lot and includes a floral mural on the exterior.
The duplex is located at 3655 57 Tchoupitoulas St in New Orleans’ Uptown area, within Brewery Row and zoned HU-MU. Freret Street, St. Charles Avenue, Ochsner Baptist, downtown, neighborhood restaurants, coffee shops, and other local businesses are all identified as nearby destinations. The two-unit configuration and separated outdoor areas accommodate owner-occupancy, rental use, or multigenerational living as described.
The duplex is located at 3655 57 Tchoupitoulas St in New Orleans’ Uptown area, within Brewery Row and zoned HU-MU. Freret Street, St. Charles Avenue, Ochsner Baptist, downtown, neighborhood restaurants, coffee shops, and other local businesses are all identified as nearby destinations. The two-unit configuration and separated outdoor areas accommodate owner-occupancy, rental use, or multigenerational living as described.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 bath
- 1,314‑square‑foot duplex built in 1934
- HU‑MU zoning in Uptown’s Brewery Row area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,294
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,880
$225.9K
Cap Rate 7%
$161,343
$161.3K
Cap Rate 9%
$125,489
$125.5K
Market Conditions
NOI Build-Up for 1,314 SF
Gross rent
$17.7K $13.44/SF
− Vacancy
−$1.5K −$1.16/SF
EGI
$16.1K $12.28/SF
− OpEx
−$4.8K −$3.68/SF
NOI
$11.3K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,880
Cap Rate 7%
$161,343
Cap Rate 9%
$125,489
Alternative Uses
Best Use
Multifamily LT 5
$161.3K
$141.2K – $188.2K
NOI $11,294 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$143.0K
$125.2K – $166.9K
NOI $10,012 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$346.7K
$303.3K – $404.5K
NOI $24,267 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
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Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - HU-MU-zoned property with two residential layouts, separate laundry rooms, exterior storage, and individually fenced outdoor areas.
Where is this duplex located?
The property is located at 3655 57 Tchoupitoulas St New Orleans, LA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 bath; 1,314‑square‑foot duplex built in 1934; HU‑MU zoning in Uptown’s Brewery Row area
