Duplex with Detached
For Sale
$419,000
3828 DERBIGNY Street, Metairie, LA 70001
Multifamily, Metairie, LA
Property Size2,273 SF
Price / SF$184.34
Days on Market13
Property Features for 3828 DERBIGNY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1
Parking
3
Subdivision
Metairie Terrace
Directions
Airline Hwy heading west, Right on Cleary, Right on Derbigny Street
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Number of units
2
Flooring type
Plank, Wood, Vinyl
Building materials
Brick
Architectural style
Cottage
Buildings
2
Listing Agency:
Realty One Group Immobilia
(504) 405-3211
Listed By:
Stacey S Thibodeaux · License #995700172
(504) 417-5658
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 24 at 4:06AM
MLS# 2582073
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.
This cottage-style duplex brings together two separate residences with 2,273 square feet of combined living area. The primary home has three bedrooms and one bathroom; the detached cottage offers two bedrooms, one bathroom, and 808 square feet of living space. A patio connects the homes, and the cottage includes a kitchen, living area, and laundry. Slate flooring and exposed brick are among its interior details.
Updates include electrical and interior plumbing work, an outdoor HVAC unit, driveway, and patio. The interior HVAC, windows, and tankless water heater were updated in 2021. The property is in Flood Zone X, with public water and sewer service and natural gas available.
Updates include electrical and interior plumbing work, an outdoor HVAC unit, driveway, and patio. The interior HVAC, windows, and tankless water heater were updated in 2021. The property is in Flood Zone X, with public water and sewer service and natural gas available.
Key Highlights
- Two separate residences with 2,273 square feet of combined living area
- Main home has 3 bedrooms and 1 bathroom
- Detached cottage includes 2 bedrooms, 1 bathroom, and 808 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,307
Cap Rate
5.80%
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 5.80%
Second Best
Apartment 5plus
$302.2K
$264.4K – $352.6K
NOI $21,153 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$532.3K
$465.8K – $621.0K
NOI $37,260 @ 7.0% cap · market cap 8.89%
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 independent residences provide separate living spaces on a property zoned R-2.
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 $419,000.
What are key features of this property?
This property features: Two separate residences with 2,273 square feet of combined living area; Main home has 3 bedrooms and 1 bathroom; Detached cottage includes 2 bedrooms, 1 bathroom, and 808 square feet of living space
