Renovated Duplex with Historic
For Sale
$369,500
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$179.89
Days on Market174
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
(201) 341-8733
Listed By:
Amber Hines · License #995716810
(201) 341-8733
Source:
Compass
Added: Mar 13
Changed: Aug 31
Last Checked: Sep 2 at 12:10AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,009
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.04%
Second Best
Apartment 5plus
$341.5K
$298.8K – $398.4K
NOI $23,906 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$522.1K
$456.8K – $609.1K
NOI $36,544 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $369,500.
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
