Renovated Duplex in New
3905 Elysian Fields Avenue New Orleans, LA 70122
3905 Elysian Fields Avenue, New Orleans, LA, 70122
$600,000
For Sale
$600,000
Completely renovated 6-bedroom, 4-bathroom duplex, ideal for investors.
Property Size3,166 SF
Price / SF$189.51
Days on Market110
Property Features for 3905 Elysian Fields Avenue
General Information
- Standard status
- Active
- Size
- 3,166 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing Agency
Galiano Realty
(504) 301-7020
Listed by
Herb Kaufman · License #995700312
(504) 301-7020
Source
Compass
Added: Mar 30 Checked: Jul 17 at 4:29 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 Galiano Realty
Investment Insights
Based on property information with market context.
This duplex features a complete renovation, including a new roof, electrical system, plumbing, AC/heating system, and fencing. The interior boasts engineered hardwood flooring, new appliances, fresh paint, and renovated kitchens and bathrooms. With a total of 6 bedrooms and 4 bathrooms, this property offers significant space. It is centrally located with easy access to the expressway and the lakefront. The property is suitable for either owner occupancy or investment purposes, allowing the owner to live in one unit and rent out the other. The property size is 3166 square feet.
Key Highlights
- Complete renovation including new roof, electrical, plumbing, AC/heating system, flooring, appliances, paint, kitchens, and bathrooms.
- Duplex configuration with 6 bedrooms and 4 bathrooms.
- Potential for owner occupancy with rental income from the other unit.
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 | $51.3k | $16.20 |
| − Vacancy | −$4.4k | −$1.40 |
| EGI | $46.9k | $14.80 |
| − OpEx | −$14.1k | −$4.44 |
| NOI | $32.8k | $10.36 |
3,166 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.6K
$410.0K – $546.7K
NOI $32,800 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$407.0K
$356.1K – $474.9K
NOI $28,491 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$828.4K
$724.9K – $966.5K
NOI $57,991 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Completely renovated 6-bedroom, 4-bathroom duplex, ideal for investors.
Where is this duplex located?
The property is located at 3905 Elysian Fields Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Complete renovation including new roof, electrical, plumbing, AC/heating system, flooring, appliances, paint, kitchens, and bathrooms.; Duplex configuration with **6 bedrooms and 4 bathrooms.**; **Potential for owner occupancy with rental income** from the other unit.
