Shotgun-Style Duplex with
3729-31 Willow Street New Orleans, LA 70115
For Sale
$275,000
Shotgun-style duplex with a front porch, offering two rental units with 3-bed/1-bath and 2-bed/2-bath layouts.
Property Size1,948 SF
Price / SF$141.17
Days on Market200
Property Features for 3729-31 Willow Street
General Information
- Standard status
- Active
- Size
- 1,948 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1960
Listing Agency:
Mirambell Realty
(504) 256-6402
Listed By:
Jodie LeBoutillier · License #000077803
(504) 256-6402
Source:
Compass
Added: Jan 5
Changed: Jul 23
Last Checked: Jul 23 at 7:56AM
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 Mirambell Realty
Investment Insights
Based on property information with market context.
This shotgun-style duplex features two separate units with 3 bedrooms and 1 bath in one, and 2 bedrooms and 2 baths in the other. The property also includes a front porch for relaxing outside. A brand-new roof has been installed.
The duplex is in an Uptown area and is located blocks from Ochsner Baptist, Trader Joe’s, and Freret Street dining and retail.
As a residential income property, it presents a straightforward two-unit configuration with distinct bedroom and bathroom counts across the two units.
The duplex is in an Uptown area and is located blocks from Ochsner Baptist, Trader Joe’s, and Freret Street dining and retail.
As a residential income property, it presents a straightforward two-unit configuration with distinct bedroom and bathroom counts across the two units.
Key Highlights
- Shotgun‑style duplex (1‑story) with a front porch
- Unit mix: 3‑bed/1‑bath in one unit and 2‑bed/2‑bath in the other
- 3 full bathrooms total; 5 bedrooms total
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 | $26.2k | $13.44 |
| − Vacancy | −$2.3k | −$1.16 |
| EGI | $23.9k | $12.28 |
| − OpEx | −$7.2k | −$3.68 |
| NOI | $16.7k | $8.60 |
1,948 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.2K
$209.3K – $279.1K
NOI $16,743 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$212.0K
$185.5K – $247.4K
NOI $14,842 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$513.9K
$449.7K – $599.6K
NOI $35,976 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Shotgun-style duplex with a front porch, offering two rental units with 3-bed/1-bath and 2-bed/2-bath layouts.
Where is this duplex located?
The property is located at 3729-31 Willow Street New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Shotgun‑style duplex (1‑story) with a front porch; Unit mix: 3‑bed/1‑bath in one unit and 2‑bed/2‑bath in the other; 3 full bathrooms total; 5 bedrooms total
