Duplex with Detached
For Sale
$427,500
3828 DERBIGNY Street, Metairie, LA 70001
Multi-Family, Cottage, Metairie, LA
Property Size2,273 SF
Price / SF$188.08
Days on Market14
Property Features for 3828 DERBIGNY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Patio
Exterior features
Fence, Outdoor Entertainment Area Beyond Your Average Patio
Fencing
Fenced
Subdivision
Metairie Terrace
Lot features
Regular
Standard status
Active
APN
0820033524
Size
2,273 SF
Taxes and HOA fees
Tax Description
Lots 16 & 17 Sq. 9, Metairie Terrace
Legal Description
Lots 16 & 17 Sq. 9, Metairie Terrace
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fireplace
front porch
patio
French doors
laundry
mini-splits
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Architectural style
Cottage
Listing Agency:
Realty One Group Immobilia
(504) 405-3211
Listed By:
Stacey Thibodeaux
(504) 417-5658
Added: Oct 12
Changed: Oct 21
Last Checked: Oct 25 at 10:06AM
MLS# 2582073
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. 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.
The property contains two residences with 2,273 square feet of combined living space. The main home has 3 bedrooms and 1 bathroom; the detached cottage has 2 bedrooms and 1 bathroom. Both residences have kitchens and laundry areas, and a patio connects the buildings. The cottage also features slate flooring, exposed brick, and two mini-split systems for heating and cooling. Updates include electrical and plumbing work, a driveway and patio, and an outdoor HVAC unit. Interior HVAC, windows, and a tankless water heater were updated in 2021.
The property is in Metairie, near shopping, dining, schools, and major roadways. It is zoned R-2 and lies in Flood Zone X. A fenced yard and parking for 3+ vehicles are also included.
The property is in Metairie, near shopping, dining, schools, and major roadways. It is zoned R-2 and lies in Flood Zone X. A fenced yard and parking for 3+ vehicles are also included.
Key Highlights
- Two residences offer 2,273 square feet of combined living space
- Main home: 3 bedrooms and 1 bathroom
- Detached cottage: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,307
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,140
$486.1K
Cap Rate 7%
$347,243
$347.2K
Cap Rate 9%
$270,078
$270.1K
Market Conditions
NOI Build-Up for 2,273 SF
Gross rent
$36.8K $16.20/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$34.7K $15.28/SF
− OpEx
−$10.4K −$4.58/SF
NOI
$24.3K $10.69/SF
Area
Metairie, LA
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,140
Cap Rate 7%
$347,243
Cap Rate 9%
$270,078
Alternative Uses
Best Use
Multifamily LT 5
$347.2K
$303.8K – $405.1K
NOI $24,307 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$302.2K
$264.4K – $352.6K
NOI $21,153 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$532.3K
$465.8K – $621.0K
NOI $37,260 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
774
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences have separate kitchens and laundry areas, with a patio linking the main home and detached cottage.
Where is this duplex located?
The property is located at 3828 DERBIGNY Street Metairie, LA.
What is the asking price?
The asking price for this property is $427,500.
What are key features of this property?
This property features: Two residences offer 2,273 square feet of combined living space; Main home: 3 bedrooms and 1 bathroom; Detached cottage: 2 bedrooms and 1 bathroom
