Duplex with Separate
New
For Sale
$345,000
3738 S I-10 SERVICE RD W, Metairie, LA 70001
Multifamily, Metairie, LA
Property Size3,400 SF
Price / SF$101.47
Days on Market3
Property Features for 3738 S I-10 SERVICE RD W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 4, Bathroom 6, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 3, Bathroom 5
Parking
3
Parking features
Off Street
Elementary school
Bridgedale
High school
East Jefferso
Directions
Take South I-10 Service Rd West, located between Cleary and Severn. Closest cross street is Caswell Lane.
Standard status
Active
APN
0820014444
Size
3,400 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lot 12-A Cleary
Legal Description
Lot 12-A Cleary
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
fenced rear yard
Building Details
Year built
1980
Number of units
2
Building materials
Block, HardiPlank Type, Wood Siding
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Lori Scott · License #000011335
(504) 975-1690
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 24 at 3:06AM
MLS# 2582735
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.
Built in 1980, this 3,400-square-foot duplex contains two townhome-style residences. Each has three bedrooms, 2.5 bathrooms, a living room, and a separate den adjoining the kitchen and breakfast area. Washer/dryer hookups and central heating and air conditioning serve each unit. The property also has a fenced rear yard and off-street parking for multiple vehicles.
The duplex is in Metairie with access to I-10. Public water and sewer serve the property.
The duplex is in Metairie with access to I-10. Public water and sewer serve the property.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- 3,400 square feet total; built in 1980
- 12% gross yield
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,640
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,800
$632.8K
Cap Rate 7%
$452,000
$452.0K
Cap Rate 9%
$351,556
$351.6K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$61.2K $18.00/SF
− Vacancy
−$3.7K −$1.08/SF
EGI
$57.5K $16.92/SF
− OpEx
−$25.9K −$7.61/SF
NOI
$31.6K $9.31/SF
Area
Metairie, LA
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,800
Cap Rate 7%
$452,000
Cap Rate 9%
$351,556
Alternative Uses
Best Use
Multifamily LT 5
$519.4K
$454.5K – $606.0K
NOI $36,358 @ 7.0% cap · market cap 10.54%
Second Best
Apartment 5plus
$452.0K
$395.5K – $527.3K
NOI $31,640 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$796.2K
$696.7K – $928.9K
NOI $55,734 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,369
Businesses Nearby
Explore this area
Business Placement
Demographics for 70001, LA
40,068
Population
19,103
Households
2.1
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
6,164
Density / Sq Mi
$70,187
Median Household Income
$43,662
Median Earnings
$1,145
Median Rent
$313,300
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 - Both residences are fully occupied and include washer/dryer hookups and off-street parking.
Where is this duplex located?
The property is located at 3738 S I-10 SERVICE RD W Metairie, LA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; 3,400 square feet total; built in 1980; 12% gross yield
