Duplex with Guest
3749 51 Bauvais Street Metairie, LA 70001
3749 51 Bauvais Street, Metairie, LA, 70001
$499,000
For Sale
$499,000
Two-unit residential income property on an oversized lot with a screened front porch and private-access guest suite.
Property Size3,103 SF
Price / SF$160.81
Days on Market11
Property Features for 3749 51 Bauvais Street
General Information
- Standard status
- Active
- Size
- 3,103 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1940
Listing agency
Burk Brokerage, LLC
(504) 256-4396
Listed by
Stephen Ford · License #0995702248
(504) 256-4396
Source
Nolalivingrealty
Added: Jul 13 Updated: Jul 21 at 4:08PM Checked: Jul 22 at 5:43AM
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.
This for-sale residential income property includes a main home and an attached auxiliary guest suite/in-law suite with private access. The main home features a formal living room, a large kitchen with central island, counter seating, and a walk-in pantry, plus a designated dining area and a powder bath. The first-floor primary bedroom opens to a screened front porch and includes an en-suite bath and a large walk-in closet with direct access to the laundry room. The second floor offers two additional bedrooms that share a second full bathroom.
The auxiliary unit provides an additional full bedroom, full bathroom, full kitchen, and laundry, along with its own front porch with private access, driveway, central HVAC, and covered back porch area. The property is situated on a fenced-in front yard and includes a landscaped backyard with an above-ground pool and lounge deck.
Reported updates and site management include a 2025 roof install, updated plumbing, updated electrical in the main unit, termite contract, and flood insurance. The property is served by two electric meters, one gas meter, and one water meter.
The auxiliary unit provides an additional full bedroom, full bathroom, full kitchen, and laundry, along with its own front porch with private access, driveway, central HVAC, and covered back porch area. The property is situated on a fenced-in front yard and includes a landscaped backyard with an above-ground pool and lounge deck.
Reported updates and site management include a 2025 roof install, updated plumbing, updated electrical in the main unit, termite contract, and flood insurance. The property is served by two electric meters, one gas meter, and one water meter.
Key Highlights
- Main home (3751) offers 2,145 sqft with formal living room, designated dining area, and powder bath
- First‑floor primary bedroom opens to screened front porch and includes en‑suite bath, large walk‑in closet, and direct access to laundry
- Two additional bedrooms on the second floor share the second full bathroom
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 6.65%
Second Best
Apartment 5plus
$412.5K
$361.0K – $481.3K
NOI $28,877 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$726.6K
$635.8K – $847.8K
NOI $50,865 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit residential income property on an oversized lot with a screened front porch and private-access guest suite.
Where is this duplex located?
The property is located at 3749 51 Bauvais Street Metairie, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Main home (3751) offers 2,145 sqft with formal living room, designated dining area, and powder bath; First‑floor primary bedroom opens to screened front porch and includes en‑suite bath, large walk‑in closet, and direct access to laundry; Two additional bedrooms on the second floor share the second full bathroom
