Duplex with Screened-In
For Sale
$390,000
3722 NASHVILLE Avenue, New Orleans, LA 70125
MULTI_FAMILY - New Orleans, LA
Property Size2,416 SF
Lot Size0.09 Acres
Price / SF$161.42
Days on Market88
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
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 · License #995688679
(504) 975-4252
Added: Jun 5
Changed: Aug 3
Last Checked: Aug 31 at 10:06PM
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.
Investment Insights
Based on property information with market context.
This duplex-style home at 3722 Nashville Avenue includes a raised basement with an attached accessory unit. The separate entrance downstairs creates flexibility for multi-generational living, rental use, or an office setup, while upstairs offers a screened-in porch and classic interior details. Upstairs features hardwood floors, two bedrooms, and one bathroom, with a primary suite that includes two closets. Additional storage is available in the attic, and the downstairs space includes a mop sink in the utility room and extra storage, along with yard space and a deck.
Property improvements and operating features include a shingle roof from 2019, a sewer line replacement in 2020, an AC replacement in 2024, and a termite contract with Terminix. An assumable flood insurance policy is also noted. Central heating and cooling options are listed alongside ductless and wall units, and the home is served by public water. Off-street parking is provided with a driveway, and the yard is fenced.
Built in 1939, this property sits on a 0.0918-acre lot and totals 2,416 square feet.
Property improvements and operating features include a shingle roof from 2019, a sewer line replacement in 2020, an AC replacement in 2024, and a termite contract with Terminix. An assumable flood insurance policy is also noted. Central heating and cooling options are listed alongside ductless and wall units, and the home is served by public water. Off-street parking is provided with a driveway, and the yard is fenced.
Built in 1939, this property sits on a 0.0918-acre lot and totals 2,416 square feet.
Key Highlights
- Raised basement with attached accessory unit and separate entrance
- Screened‑in porch plus deck and fenced yard
- Off‑street parking with a driveway
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
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 - Duplex home with a screened-in porch, fenced yard, and off-street parking plus central and ductless comfort systems.
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 $390,000.
What are key features of this property?
This property features: Raised basement with attached accessory unit and separate entrance; Screened‑in porch plus deck and fenced yard; Off‑street parking with a driveway
