Renovated Duplex with Historic
For Sale
$349,500
3912-14 Thalia Street, New Orleans, LA 70125
Two-unit property offering central air, a porch, and distinctive interior architectural features.
Property Size2,054 SF
Price / SF$170.16
Days on Market222
Property Features for 3912-14 Thalia Street
General Information
Standard status
Active
Size
2,054 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Amenities
high ceilings
arched hallways
exposed brick
Central Air
Central
1
4
6
Asphalt
Other
Pillar/Post/Pier
Block, Stucco, Vinyl Siding
Porch
Building Details
Year Built
1960
Listing Agency:
eXp Realty, LLC
Listed By:
Amber Hines · License #995716810
(201) 341-8733
Source:
Compass
Added: Mar 13
Changed: Oct 15
Last Checked: Oct 19 at 8:07AM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex at 3912-14 Thalia Street combines a renovated interior with traditional architectural elements, including high ceilings, arched passageways, and exposed brick. The property was built in 1960 and includes central air, a porch, and block, stucco, and vinyl siding exterior materials. Its 2,054 property size provides a substantial footprint for the two-unit configuration.
The property is situated in Uptown New Orleans, a few doors from Zony Mash, with views toward Five-O Fore Golf and the new Fox 8 building. Downtown, Tulane University, Xavier University, and University Medical Center are accessible from the location. The property information identifies potential for either owner occupancy or an investment strategy.
The property is situated in Uptown New Orleans, a few doors from Zony Mash, with views toward Five-O Fore Golf and the new Fox 8 building. Downtown, Tulane University, Xavier University, and University Medical Center are accessible from the location. The property information identifies potential for either owner occupancy or an investment strategy.
Key Highlights
- Renovated duplex with high ceilings, arched hallways, and exposed brick
- 2,054 property size in a two‑unit configuration
- Central air and a front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,009
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,180
$520.2K
Cap Rate 7%
$371,557
$371.6K
Cap Rate 9%
$288,989
$289.0K
Market Conditions
NOI Build-Up for 2,054 SF
Gross rent
$40.7K $19.80/SF
− Vacancy
−$3.5K −$1.71/SF
EGI
$37.2K $18.09/SF
− OpEx
−$11.1K −$5.43/SF
NOI
$26.0K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,180
Cap Rate 7%
$371,557
Cap Rate 9%
$288,989
Alternative Uses
Best Use
Multifamily LT 5
$371.6K
$325.1K – $433.5K
NOI $26,009 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$341.5K
$298.8K – $398.4K
NOI $23,906 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$522.1K
$456.8K – $609.1K
NOI $36,544 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offering central air, a porch, and distinctive interior architectural features.
Where is this duplex located?
The property is located at 3912-14 Thalia Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: Renovated duplex with high ceilings, arched hallways, and exposed brick; 2,054 property size in a two‑unit configuration; Central air and a front porch
