Updated Duplex with Two
For Sale
$625,000
3717-19 Nashville Ave, New Orleans, LA 70125
Two well-maintained residences offer updated kitchens, private driveways, and covered rear porch access.
Property Size3,553 SF
Price / SF$175.91
Days on Market90
Property Features for 3717-19 Nashville Ave
General Information
Standard status
Active
Size
3,553 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
covered back porch
fenced yard
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Tuxor Realty
(713) 893-5580
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Jul 22
Changed: Oct 15
Last Checked: Oct 19 at 6:29AM
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 Tuxor Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1940 duplex contains two owner’s units, each with 3 Bedrooms and 2 Bathrooms, across 3,553 square feet. Both residences include spacious living and dining areas, updated kitchens, central air and heat, and dedicated driveway access. The upper unit adds a sunroom, quartz-finished kitchen and utility areas, oak flooring, and a rear stairway to the covered porch. The lower unit features an enclosed porch, bamboo flooring, two bathrooms, an updated kitchen, and a bonus room currently used as a workout room.
Exterior features include a large covered composite back porch, a fenced yard, and double-insulated tilt sash windows throughout. The roof is approximately 4 years old. The property is positioned for owner occupancy with a second unit, or continued use as a two-unit income property.
Exterior features include a large covered composite back porch, a fenced yard, and double-insulated tilt sash windows throughout. The roof is approximately 4 years old. The property is positioned for owner occupancy with a second unit, or continued use as a two-unit income property.
Key Highlights
- Two‑unit duplex with 3 Bedrooms and 2 Bathrooms per unit
- 3,553 square feet across two residences
- Built in 1940; roof approximately 4 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,990
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,800
$899.8K
Cap Rate 7%
$642,714
$642.7K
Cap Rate 9%
$499,889
$499.9K
Market Conditions
NOI Build-Up for 3,553 SF
Gross rent
$70.3K $19.80/SF
− Vacancy
−$6.1K −$1.71/SF
EGI
$64.3K $18.09/SF
− OpEx
−$19.3K −$5.43/SF
NOI
$45.0K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,800
Cap Rate 7%
$642,714
Cap Rate 9%
$499,889
Alternative Uses
Best Use
Multifamily LT 5
$642.7K
$562.4K – $749.8K
NOI $44,990 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$590.8K
$516.9K – $689.2K
NOI $41,353 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$903.1K
$790.2K – $1.05M
NOI $63,214 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two well-maintained residences offer updated kitchens, private driveways, and covered rear porch access.
Where is this duplex located?
The property is located at 3717-19 Nashville Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 Bedrooms and 2 Bathrooms per unit; 3,553 square feet across two residences; Built in 1940; roof approximately 4 years old
