Three-Unit
For Sale
$525,000
3707-11 Stefano Street, Metairie, LA 70002
Each residence includes central air, functional living space, three bedrooms, and two-and-a-half baths.
Property Size5,055 SF
Price / SF$103.86
Days on Market317
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Property Features for 3707-11 Stefano Street
General Information
Standard status
Active
Size
5,055 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Units
Unit Mix
3 x 3BR/2.5BA
Multifamily Units
3
Amenities
Central Air
Central
1
6
9
3
IN EACH UNIT
Flat
2
Slab: Traditional
Brick, Other
Building Details
Year Built
1972
Listing Agency:
RE/MAX Living
Listed By:
Erin Helwig · License #995704137
(504) 909-8903
Source:
Compass
Added: Dec 2, 2025
Changed: Oct 11
Last Checked: Oct 15 at 1:51AM
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 RE/MAX Living
Investment Insights
Based on property information with market context.
Built in 1972, this 5,055-square-foot triplex contains three residential units with a consistent three-bedroom, two-and-a-half-bath configuration. The interiors include central air and central heating, while each residence provides living areas designed for everyday residential use.
The property has a traditional slab foundation and a brick and other exterior finish. Located at 3707-11 Stefano Street in Metairie, Louisiana, the building offers a straightforward multifamily configuration with three similarly arranged units.
The property has a traditional slab foundation and a brick and other exterior finish. Located at 3707-11 Stefano Street in Metairie, Louisiana, the building offers a straightforward multifamily configuration with three similarly arranged units.
Key Highlights
- Three residential units, each with 3 bedrooms and 2.5 baths
- 5,055 SF triplex built in 1972
- Central air and central heating in the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,042
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,840
$940.8K
Cap Rate 7%
$672,029
$672.0K
Cap Rate 9%
$522,689
$522.7K
Market Conditions
NOI Build-Up for 5,055 SF
Gross rent
$91.0K $18.00/SF
− Vacancy
−$5.5K −$1.08/SF
EGI
$85.5K $16.92/SF
− OpEx
−$38.5K −$7.61/SF
NOI
$47.0K $9.31/SF
Area
Metairie, LA
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,840
Cap Rate 7%
$672,029
Cap Rate 9%
$522,689
Alternative Uses
Best Use
Multifamily LT 5
$772.2K
$675.7K – $900.9K
NOI $54,056 @ 7.0% cap · market cap 10.30%
Second Best
Apartment 5plus
$672.0K
$588.0K – $784.0K
NOI $47,042 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,863 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 70002, LA
19,857
Population
9,585
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
6,205
Density / Sq Mi
$65,576
Median Household Income
$50,983
Median Earnings
$1,128
Median Rent
$379,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes central air, functional living space, three bedrooms, and two-and-a-half baths.
Where is this triplex located?
The property is located at 3707-11 Stefano Street Metairie, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three residential units, each with 3 bedrooms and 2.5 baths; 5,055 SF triplex built in 1972; Central air and central heating in the units
