Corner Lot Duplex
3801 Laplace Street Chalmette, LA 70043
3801 Laplace Street, Chalmette, LA, 70043
$239,000
For Sale
$239,000
Townhouse-style double with separate entrances, private driveways, and recently updated roof and insulated windows.
Property Size2,050 SF
Price / SF$116.59
Days on Market274
Property Features for 3801 Laplace Street
General Information
- Standard status
- Active
- Size
- 2,050 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1975
Listing agency
Compass
(504) 251-0385
Listed by
Caroline Mang · License #000071823
(504) 251-0385
Source
Compass
Added: Oct 22, 2025 Updated: Jul 21 at 1:40PM Checked: Jul 21 at 1:40PM
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 Compass
Investment Insights
Based on property information with market context.
Income-producing townhouse-style duplex on a corner lot with a new roof and new insulated windows. The property is configured to operate like two separate homes, with totally separate entrances on different streets and its own driveway parking for each side.
Each unit offers an open kitchen and living area downstairs, plus a laundry closet and a half bath. Upstairs, both sides include two large bedrooms and one full bathroom.
One side features a larger back yard with a covered patio and gated parking suitable for a boat or trailer. The other side has long-term tenants in place.
Each unit offers an open kitchen and living area downstairs, plus a laundry closet and a half bath. Upstairs, both sides include two large bedrooms and one full bathroom.
One side features a larger back yard with a covered patio and gated parking suitable for a boat or trailer. The other side has long-term tenants in place.
Key Highlights
- Townhouse‑style double on a corner lot with separate entrances and driveways for each side
- 4 bedrooms and 4 bathrooms total: each unit has 2 large bedrooms upstairs and 1 full bath
- Central air and central heating; in‑unit laundry for each side
Local Financial Insights For Apartment 5plus
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 | $42.1k | $20.52 |
| − Vacancy | −$3.8k | −$1.87 |
| EGI | $38.2k | $18.65 |
| − OpEx | −$17.2k | −$8.39 |
| NOI | $21.0k | $10.26 |
2,050 SF · lease $20.52/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.4K
$281.2K – $375.0K
NOI $22,497 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$300.4K
$262.9K – $350.5K
NOI $21,031 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$540.8K
$473.2K – $631.0K
NOI $37,859 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Townhouse-style double with separate entrances, private driveways, and recently updated roof and insulated windows.
Where is this duplex located?
The property is located at 3801 Laplace Street Chalmette, LA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Townhouse‑style double on a corner lot with separate entrances and driveways for each side; 4 bedrooms and 4 bathrooms total: each unit has 2 large bedrooms upstairs and 1 full bath; Central air and central heating; in‑unit laundry for each side
