Raised-Basement Duplex with Separate
For Sale
$390,000
3722 Nashville Ave, New Orleans, LA 70125
Attached accessory space supports multigenerational living, office use, or rental occupancy.
Property Size2,416 SF
Price / SF$161.42
Days on Market53
Property Features for 3722 Nashville Ave
General Information
Standard status
Active
Size
2,416 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
2
Amenities
screened-in porch
hardwood floors
coved ceilings
arched doorways
picture railings
built-ins
crystal doorknobs
vintage bathroom
deck
attic storage
extra storage
Building Details
Year Built
1939
Buildings
1
Listing Agency:
Nola Living Realty
(504) 606-0466
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Jul 11
Changed: Aug 31
Last Checked: Aug 31 at 3:21PM
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 Nola Living Realty
Investment Insights
Based on property information with market context.
Built in 1939, this 2,416-square-foot duplex combines a primary residence with an attached accessory unit and separate entry. The upper level includes two bedrooms, one bathroom, hardwood floors, coved ceilings, arched doorways, built-ins, a screened porch, and a vintage bathroom. The primary suite has two closets, while the attic and utility room provide additional storage. The lower area includes a mop sink and access to the outdoor space.
Located at 3722 Nashville Ave in New Orleans, the property offers a deck, yard space, and off-street parking. El Pavo Real, Felipe’s, Robert’s Bar, Hey! Cafe, and Elio’s Wine Warehouse are identified nearby. The roof dates to 2019, the sewer line was replaced in 2020, and the AC was replaced in 2024. Appliances remain, and the property includes a Terminix termite contract and an assumable flood insurance policy.
Located at 3722 Nashville Ave in New Orleans, the property offers a deck, yard space, and off-street parking. El Pavo Real, Felipe’s, Robert’s Bar, Hey! Cafe, and Elio’s Wine Warehouse are identified nearby. The roof dates to 2019, the sewer line was replaced in 2020, and the AC was replaced in 2024. Appliances remain, and the property includes a Terminix termite contract and an assumable flood insurance policy.
Key Highlights
- 2,416‑square‑foot duplex built in 1939
- Attached accessory unit with separate entrance
- Upper level includes 2 bedrooms, 1 bathroom, hardwood floors, and a screened porch
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
$30,593
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
7.84%
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%
$611,860
$611.9K
Cap Rate 7%
$437,043
$437.0K
Cap Rate 9%
$339,922
$339.9K
Market Conditions
NOI Build-Up for 2,416 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
$47.8K $19.80/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$43.7K $18.09/SF
− OpEx
−$13.1K −$5.43/SF
NOI
$30.6K $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%
$611,860
Cap Rate 7%
$437,043
Cap Rate 9%
$339,922
Alternative Uses
Best Use
Multifamily LT 5
$437.0K
$382.4K – $509.9K
NOI $30,593 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$401.7K
$351.5K – $468.7K
NOI $28,119 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$614.1K
$537.3K – $716.4K
NOI $42,985 @ 7.0% cap · market cap 11.02%
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 - Attached accessory space supports multigenerational living, office use, or rental occupancy.
Where is this duplex located?
The property is located at 3722 Nashville Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2,416‑square‑foot duplex built in 1939; Attached accessory unit with separate entrance; Upper level includes 2 bedrooms, 1 bathroom, hardwood floors, and a screened porch
