Raised-Basement
For Sale
$380,000
3722 NASHVILLE Avenue, New Orleans, LA 70125
Multi-Family, Raised Basement, New Orleans, LA
Property Size2,416 SF
Lot Size0.09 Acres
Price / SF$157.28
Days on Market137
Property Features for 3722 NASHVILLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Exterior features
Fence, Porch Screened In
Fencing
Fenced
Lot features
Regular
Subdivision
FONTAINEBLEAU
Standard status
Active
APN
615109616
Size
2,416 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
H V VINC PL OR BALDWIN SQ 110 OR J LOT 10 NASHVILLE 50X80 S-RAISED-W FILE #94019 3/08
Legal Description
H V VINC PL OR BALDWIN SQ 110 OR J LOT 10 NASHVILLE 50X80 S-RAISED-W FILE #94019 3/08
Utilities
Heating system
Other (Heating), Central, Ductless (Heating)
Cooling system
Ductless, Central Air, Wall Unit(s)
Water source
Public
Amenities
screened-in porch
hardwood floors
coved ceilings
arched doorways
picture railings
built-ins
crystal doorknobs
vintage bathroom
deck
Building Details
Year built
1939
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Crescent City Living, LLC
(504) 327-5303
Listed By:
Leslie Heindel
(504) 975-4252
Added: Jun 5
Changed: Oct 11
Last Checked: Oct 19 at 7:06PM
MLS# 2566299
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1939, this 2,416-square-foot duplex-style property combines a two-bedroom, one-bath upper residence with an attached lower-level accessory space and its own entrance. The main level features hardwood flooring, coved ceilings, arched openings, built-in cabinetry, picture railings, and a screened porch. Two closets serve the primary suite, while the attic and utility areas provide additional storage. A deck and fenced yard extend the usable space outdoors.
Recent updates include a 2019 roof, sewer line replacement in 2020, and a 2024 air-conditioning replacement. The property also includes an assumable flood insurance policy, a Terminix termite contract, and appliances that remain. Public water, shingle roofing, central and ductless HVAC options, and off-street driveway parking are in place. Located at 3722 Nashville Avenue in New Orleans, the property is near El Pavo Real, Felipe’s, Robert’s Bar, Hey! Cafe, and Elio’s Wine Warehouse.
Recent updates include a 2019 roof, sewer line replacement in 2020, and a 2024 air-conditioning replacement. The property also includes an assumable flood insurance policy, a Terminix termite contract, and appliances that remain. Public water, shingle roofing, central and ductless HVAC options, and off-street driveway parking are in place. Located at 3722 Nashville Avenue in New Orleans, the property is near El Pavo Real, Felipe’s, Robert’s Bar, Hey! Cafe, and Elio’s Wine Warehouse.
Key Highlights
- 2,416 SF duplex‑style property on a 0.0918‑acre lot
- Upper level includes 2 beds and 1 bath with hardwood floors and a screened porch
- Attached lower‑level accessory space has a separate entrance
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Versatile two-level property with a screened porch, fenced yard, and separate lower-level entrance.
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 SF duplex‑style property on a 0.0918‑acre lot; Upper level includes 2 beds and 1 bath with hardwood floors and a screened porch; Attached lower‑level accessory space has a separate entrance
