Traditional
For Sale
$380,000
3722 Nashville Avenue, New Orleans, LA 70125
The 1939 property includes central and ductless systems, along with a mix of wall and ceiling fans.
Property Size2,416 SF
Price / SF$157.28
Days on Market149
Property Features for 3722 Nashville Avenue
General Information
Standard status
Active
Size
2,416 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
Residential
Site & Location
Neighborhood
Broadmoor
Amenities
Central Air, Ceiling Fan(s), Wall Unit(s), Ductless
Central, Ductless
Dryer, Dishwasher, Electric Cooktop, Gas Range, Refrigerator, Washer, Range
Neighborhood
Other
Driveway, Off Street
Traditional
Building Details
Building Size
2,416 SF
Year Built
1939
Buildings
1
Listing Agency:
Crescent City Living LLC
Listed By:
Leslie E Heindel · License #995688679
(504) 975-4252
Source:
Evrealestate
Added: Jun 5
Changed: Oct 30
Last Checked: Oct 30 at 2:26PM
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 Crescent City Living LLC
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Investment Insights
Based on property information with market context.
This traditional duplex in New Orleans contains 2,416 square feet and dates to 1939. Interior features include central air, ductless and wall units, and ceiling fans. The property also has a kitchen appliance package that includes a dishwasher, electric cooktop, gas range, refrigerator, washer, and dryer.
The building is on Nashville Avenue, between Claiborne and Fontainebleau. Off-street driveway parking is available.
The building is on Nashville Avenue, between Claiborne and Fontainebleau. Off-street driveway parking is available.
Key Highlights
- 2,416‑square‑foot duplex built in 1939
- Central air, ductless and wall units, and ceiling fans
- Kitchen includes a dishwasher, electric cooktop, gas range, refrigerator, washer, and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,593
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
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
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 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 8.05%
Second Best
Apartment 5plus
$401.7K
$351.5K – $468.7K
NOI $28,119 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$614.1K
$537.3K – $716.4K
NOI $42,985 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The 1939 property includes central and ductless systems, along with a mix of wall and ceiling fans.
Where is this duplex located?
The property is located at 3722 Nashville Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 2,416‑square‑foot duplex built in 1939; Central air, ductless and wall units, and ceiling fans; Kitchen includes a dishwasher, electric cooktop, gas range, refrigerator, washer, and dryer
