Updated Duplex with Two Owner
For Sale
$639,000
3717-19 NASHVILLE Avenue, New Orleans, LA 70125
Multi-Family, Traditional, New Orleans, LA
Property Size3,553 SF
Price / SF$179.85
Days on Market48
Property Features for 3717-19 NASHVILLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street, Driveway
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Lot features
Regular
Standard status
Active
APN
614350309
Size
3,553 SF
Taxes and HOA fees
Tax Description
SQ 114 LOT D NASHVILLE; 55 X 133 OVER 130; 3717-19 NASHVILLE DUP-W
Legal Description
SQ 114 LOT D NASHVILLE; 55 X 133 OVER 130; 3717-19 NASHVILLE DUP-W
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered back porch
fenced yard
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Brooke Andry
(504) 231-2238
Added: Jul 20
Changed: Sep 4
Last Checked: Sep 5 at 9:06PM
MLS# 2563124
Copyright © 2026 New Orleans Metropolitan 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 3,553-square-foot duplex contains two owner units, each with 3 bedrooms and 2 bathrooms. Both residences feature updated kitchens, central air and heat, dedicated living and dining areas, and separate access to covered rear porch space. The upper unit includes a sunroom, quartz kitchen surfaces, pantry, utility room, and oak flooring through the living areas and bedrooms. The lower unit offers an enclosed porch, bamboo flooring, two bathrooms, and a bonus room currently arranged as a workout room.
The property also provides a driveway for each unit, off-street parking, a fenced yard, and a large covered composite back porch. Double-insulated tilt sash windows are installed throughout the home, and the shingle roof is approximately 4 years old. Built in 1940, the duplex is served by public water.
The property also provides a driveway for each unit, off-street parking, a fenced yard, and a large covered composite back porch. Double-insulated tilt sash windows are installed throughout the home, and the shingle roof is approximately 4 years old. Built in 1940, the duplex is served by public water.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 3,553 square feet of total property size
- Updated kitchens with quartz or granite surfaces, appliances, and tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,990
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.04%
Second Best
Apartment 5plus
$590.8K
$516.9K – $689.2K
NOI $41,353 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$903.1K
$790.2K – $1.05M
NOI $63,214 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious residences offer flexible owner-occupancy or rental use, with private driveways and a fenced yard.
Where is this duplex located?
The property is located at 3717-19 NASHVILLE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 3,553 square feet of total property size; Updated kitchens with quartz or granite surfaces, appliances, and tile flooring
