Duplex on Three
3700 S Saratoga Street New Orleans, LA 70115
3700 S Saratoga Street, New Orleans, LA, 70115
$325,000
For Sale
$325,000
MULTI_FAMILY - New Orleans, LA
Property Size3,266 SF
Lot Size0.90 Acres
Price / SF$99.51
Days on Market56
Property Features for 3700 S Saratoga Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Fencing
- Chain Link
- Appliances
- Refrigerator
- Standard status
- Active
- Size
- 3,266 SF
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Description
- DIST:6-14 WARD SQ 506 FRT PTS LTS 11-12-13 SARATOGA & AMELIA 43X93 3700-02 S SARATOGA DU-2 STY-W FILE #91136 7/06
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Wood
- Building materials
- Other Siding
Listing agency
Reve REALTORS
(504) 300-0700
Listed by
Caroline Davis
(225) 333-8148
Added: May 28 Updated: Jul 3 at 4:36PM Checked: Jul 22 at 8:06PM
MLS# 2026010234
Copyright © 2026 Greater Baton Rouge 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 for-sale duplex at 3700 S Saratoga Street presents a renovation opportunity with a straightforward, solid-footprint layout. The property is being sold as-is, where is, and is described as ready for a full renovation. The listing notes good bones and a configuration suited to buyers or contractors looking to restore and reimagine the space, with property size reported at 3,266 square feet and a total parcel size of 0.9 acres.
The duplex is situated on three lots, creating a larger overall site footprint than a single-lot offering. The added land area may support expanded outdoor living space and additional improvements, and the seller also flags that future development possibilities are subject to buyer verification of zoning and permitted uses. Buyer verification of all relevant approvals is required.
This asset may fit investors seeking a hands-on renovation project or contractors looking for a property with room to work from on a multi-lot parcel. Because it is sold as-is and requires a full renovation, buyers should plan for due diligence around condition, scope, and feasibility of any intended changes. Appointments are required, and all showings must be booked through ShowingTime online. A pre-approval letter must be submitted with all offers, and measurements are not warranted by the broker or realtor.
The duplex is situated on three lots, creating a larger overall site footprint than a single-lot offering. The added land area may support expanded outdoor living space and additional improvements, and the seller also flags that future development possibilities are subject to buyer verification of zoning and permitted uses. Buyer verification of all relevant approvals is required.
This asset may fit investors seeking a hands-on renovation project or contractors looking for a property with room to work from on a multi-lot parcel. Because it is sold as-is and requires a full renovation, buyers should plan for due diligence around condition, scope, and feasibility of any intended changes. Appointments are required, and all showings must be booked through ShowingTime online. A pre-approval letter must be submitted with all offers, and measurements are not warranted by the broker or realtor.
Key Highlights
- Duplex at 3700 S. Saratoga Street in New Orleans, sold as‑is, as‑is where‑is
- On three lots with a larger parcel for expanded outdoor space or additional improvements (zoning/permitted uses to be verified by buyer)
- Public water and public sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.9k | $13.44 |
| − Vacancy | −$3.8k | −$1.16 |
| EGI | $40.1k | $12.28 |
| − OpEx | −$12.0k | −$3.68 |
| NOI | $28.1k | $8.60 |
3,266 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.0K
$350.9K – $467.9K
NOI $28,072 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$355.5K
$311.1K – $414.7K
NOI $24,884 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$861.7K
$754.0K – $1.01M
NOI $60,316 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex on a three-lot parcel offered for full renovation, giving contractors and owner-occupants flexibility for future planning.
Where is this duplex located?
The property is located at 3700 S Saratoga Street New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex at 3700 S. Saratoga Street in New Orleans, sold as‑is, as‑is where‑is; On three lots with a larger parcel for expanded outdoor space or additional improvements (zoning/permitted uses to be verified by buyer); Public water and public sewer
