Residential Income Duplex with Accessory
3722 NASHVILLE Avenue New Orleans, LA 70125
3722 NASHVILLE Avenue, New Orleans, LA, 70125
$390,000
For Sale
$390,000
MULTI_FAMILY - New Orleans, LA
Property Size2,416 SF
Lot Size0.09 Acres
Price / SF$161.42
Days on Market43
Property Features for 3722 NASHVILLE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch Screened In
- Fencing
- Fenced
- 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
Utilities
- Heating system
- Other (Heating), Ductless (Heating), Central
- Cooling system
- Ductless, Wall Unit(s), Central Air
- 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
3205 Orleans Avenue, New Orleans, LA
Listed by
Leslie Heindel · License #995688679
(504) 327-5303
Added: Jun 5 Checked: Jul 17 at 5:06 am
MLS# 2566299
Listing URL
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 residential income property is configured with an upstairs living area and a raised basement with a separate entrance. The upstairs includes two bedrooms and one bathroom, along with hardwood floors and a screened-in porch. The basement level features an attached accessory unit designed for flexible use, supported by the practicality of a separate entry.
The home includes additional amenities such as a deck and off-street parking. Interior details noted in the remarks include built-ins, arched doorways, coved ceilings, picture railings, and a vintage-style bathroom. There is also an attic offering additional storage.
Recent updates and ongoing service items are described as a roof from 2019, sewer line replacement in 2020, and an active termite contract with Terminix. The remarks also state that the AC was replaced in 2024, all appliances remain, and there is a mop sink in the utility room, plus extra storage. An assumable flood insurance policy is also mentioned.
The home includes additional amenities such as a deck and off-street parking. Interior details noted in the remarks include built-ins, arched doorways, coved ceilings, picture railings, and a vintage-style bathroom. There is also an attic offering additional storage.
Recent updates and ongoing service items are described as a roof from 2019, sewer line replacement in 2020, and an active termite contract with Terminix. The remarks also state that the AC was replaced in 2024, all appliances remain, and there is a mop sink in the utility room, plus extra storage. An assumable flood insurance policy is also mentioned.
Key Highlights
- 1939 home with raised basement featuring an attached accessory unit with a separate entrance
- Upstairs includes 2 beds, 1 bath, hardwood floors, and a screened‑in porch
- Roof updated in 2019 and AC replaced in 2024
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.8k | $19.80 |
| − Vacancy | −$4.1k | −$1.71 |
| EGI | $43.7k | $18.09 |
| − OpEx | −$13.1k | −$5.43 |
| NOI | $30.6k | $12.66 |
2,416 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex-style residential income property with a raised basement, separate entrance, and off-street parking.
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: 1939 home with raised basement featuring an attached accessory unit with a separate entrance; Upstairs includes 2 beds, 1 bath, hardwood floors, and a screened‑in porch; Roof updated in 2019 and AC replaced in 2024
