Two-Unit Duplex with Updated
For Sale
$385,000
3655 TCHOUPITOULAS Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size1,314 SF
Lot Size0.09 Acres
Price / SF$292
Days on Market85
Property Features for 3655 TCHOUPITOULAS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Patio and Porch features
Porch
Standard status
Active
APN
614102808
Size
1,314 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
SQ 107 LOT O TCHOUPITOULAS 27 X 139/145 3655-57 TCHOUPITOULAS DU-W FILE #73607 11/95 SALI
Legal Description
SQ 107 LOT O TCHOUPITOULAS 27 X 139/145 3655-57 TCHOUPITOULAS DU-W FILE #73607 11/95 SALI
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
laundry rooms
exterior storage
Building Details
Year built
1934
Number of units
2
Building materials
Frame, Wood Siding
Architectural style
Cottage
Buildings
1
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Joey W Walker · License #995699523
(504) 610-5637
Added: Jul 31
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2570344
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.
Configured as two residences, the duplex contains 1,314 square feet, with each unit offering two bedrooms and one bathroom. Interior features include wood flooring, historic mantels, updated kitchens and baths, and separate laundry rooms. Exterior storage, porches, and separately fenced yard areas serve the units. The property was built in 1934 and has central heating and air conditioning.
The parcel measures 0.088 acres, with dimensions given as 27' x 139'/145'. HU-MU zoning applies. Public water and sewer serve the property, and natural gas is available.
The parcel measures 0.088 acres, with dimensions given as 27' x 139'/145'. HU-MU zoning applies. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- Two residential units, each with two bedrooms and one bathroom
- 1,314 square feet on a 0.088‑acre lot
- Lot dimensions listed as 27' x 139'/145'
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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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,829
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - HU-MU zoning, individual laundry rooms, and fenced yard areas distinguish the property’s two-residence layout.
Where is this duplex located?
The property is located at 3655 TCHOUPITOULAS Street 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 two bedrooms and one bathroom; 1,314 square feet on a 0.088‑acre lot; Lot dimensions listed as 27' x 139'/145'
