Metairie Home with Auxiliary
3749-51 Bauvais Street Metairie, LA 70001
3749-51 Bauvais Street, Metairie, LA, 70001
$515,000
For Sale
$515,000
Pristine home with oversized lot and auxiliary guest suite.
Property Size3,103 SF
Price / SF$165.97
Days on Market65
Property Features for 3749-51 Bauvais Street
General Information
- Standard status
- Active
- Size
- 3,103 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing Agency
Burk Brokerage, LLC
(504) 488-8600
Listed by
Stephen Ford · License #995702248
(504) 256-4396
Source
Compass
Added: May 14 Checked: Jul 17 at 4:44 am
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 Burk Brokerage, LLC
Investment Insights
Based on property information with market context.
Located in Metairie, the property at 3749-51 Bauvais Street features a main home (3751) of 2,145 square feet with a formal living room, a large kitchen with a central island, counter seating, and a walk-in pantry, a designated dining area, and a powder bath. The first-floor primary bedroom opens to a screened-in front porch and includes an en-suite bath and a large walk-in closet with direct access to the laundry room. The second floor has two additional bedrooms sharing a full bathroom. The main home includes a large fenced-in front yard and driveway, along with a landscaped backyard featuring an above-ground pool with a lounge deck. Bamboo wood floors, double-pane windows, French doors, picture molding, and crown molding are present throughout the home. An attached guest suite/in-law suite (3749) offers an additional 958 square feet, including a full bedroom, full bathroom, full kitchen, and laundry. This suite has its own front porch with private access, a driveway, central HVAC, a water heater, and a covered back porch area. The auxiliary unit has original real wood floors, curved wood door and window trims, and crystal knob and skeleton key hardware. The roof was installed in 2025, and the property has updated plumbing and electrical systems. The property includes two electric meters, one gas meter, and one water meter.
Key Highlights
- Auxiliary 958 sqft Guest/In‑Law Suite: Includes full amenities and private access, perfect for guests or rental income.
- Oversized Lot in desirable Metairie location.
- Main Home (2,145 sqft): Features a first‑floor primary bedroom with en‑suite bath and walk‑in closet.
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 | $50.3k | $16.20 |
| − Vacancy | −$2.9k | −$0.92 |
| EGI | $47.4k | $15.28 |
| − OpEx | −$14.2k | −$4.58 |
| NOI | $33.2k | $10.69 |
3,103 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$474.0K
$414.8K – $553.0K
NOI $33,182 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$412.5K
$361.0K – $481.3K
NOI $28,877 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$726.6K
$635.8K – $847.8K
NOI $50,865 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Pristine home with oversized lot and auxiliary guest suite.
Where is this multifamily property located?
The property is located at 3749-51 Bauvais Street Metairie, LA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Auxiliary 958 sqft Guest/In‑Law Suite: Includes full amenities and private access, perfect for guests or rental income.; Oversized Lot in desirable Metairie location.; Main Home (2,145 sqft): Features a first‑floor primary bedroom with en‑suite bath and walk‑in closet.
