Duplex with Separate-Entry
For Sale
$380,000
3722 NASHVILLE Avenue, New Orleans, LA 70125
Multifamily, New Orleans, LA
Property Size2,416 SF
Lot Size0.09 Acres
Price / SF$157.28
Days on Market141
Property Features for 3722 NASHVILLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1
Parking
1
Parking features
Driveway, Off Street
Patio and Porch features
Porch
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central, Ductless (Heating)
Cooling system
Wall Unit(s), Ductless, Central Air
Water source
Public
Amenities
screened-in porch
deck
hardwood floors
off-street parking
built-ins
vintage bathroom
Building Details
Year built
1939
Number of units
2
Flooring type
Concrete, Wood, Painted/stained
Building materials
Stucco
Listing Agency:
Crescent City Living, LLC
(504) 327-5303
Listed By:
Leslie E Heindel · License #995688679
(504) 975-4252
Added: Jun 5
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2566299
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,416-square-foot duplex in New Orleans has a raised basement with an attached accessory unit and a separate entrance. The upper level includes hardwood floors, a screened porch, built-in features, two closets in the primary suite, and attic storage. A deck, yard area, utility-room mop sink, and additional storage round out the property. The home was built in 1939, and all appliances remain.
The property is near El Pavo Real, Felipe’s, Robert’s Bar, Hey! Cafe, and Elio’s Wine Warehouse. Off-street parking and a driveway are available. The lot measures 0.0918 acres.
Updates include a roof installed in 2019, sewer line replacement in 2020, and air conditioning replacement in 2024. The property also has a Terminix termite contract and an assumable flood insurance policy.
The property is near El Pavo Real, Felipe’s, Robert’s Bar, Hey! Cafe, and Elio’s Wine Warehouse. Off-street parking and a driveway are available. The lot measures 0.0918 acres.
Updates include a roof installed in 2019, sewer line replacement in 2020, and air conditioning replacement in 2024. The property also has a Terminix termite contract and an assumable flood insurance policy.
Key Highlights
- 2,416‑square‑foot duplex on a 0.0918‑acre lot
- Attached accessory unit in the raised basement with a separate entrance
- Off‑street parking and driveway
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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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Off-street parking complements a raised-basement layout with an attached accessory unit.
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 on a 0.0918‑acre lot; Attached accessory unit in the raised basement with a separate entrance; Off‑street parking and driveway
