Renovated Duplex with Exposed
For Sale
$349,500
3912 14 THALIA Street, New Orleans, LA 70125
Two-unit property in Uptown with high ceilings, arched hallways, and access to several New Orleans destinations.
Property Size2,054 SF
Price / SF$170.16
Days on Market152
Property Features for 3912 14 THALIA Street
General Information
Standard status
Active
Size
2,054 SF
Property subtype
Duplex
Site & Location
Neighborhood
B. W. Cooper
Additional Details
Multifamily Units
2
Building Details
Building Size
2,054 SF
Year Built
1980
Listing Agency:
eXp Realty, LLC
Listed By:
Amber Hines · License #995716810
(201) 341-8733
Source:
Joliburrell
Added: Jun 1
Changed: Oct 29
Last Checked: Oct 26 at 3:16PM
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 2,054-square-foot duplex, built in 1980, has been renovated and features high ceilings, arched hallways, and exposed brick. The property is in Uptown, a few doors from Zony Mash, with views of Five-O-Fore Golf and the Fox 8 building.
Access to Downtown, Tulane, Xavier, and University Medical Center is noted. The property is suited to owner occupancy or investment use.
Access to Downtown, Tulane, Xavier, and University Medical Center is noted. The property is suited to owner occupancy or investment use.
Key Highlights
- 2,054 square feet; built in 1980
- Renovated duplex with high ceilings, arched hallways, and exposed brick
- Uptown location a few doors from Zony Mash
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
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property in Uptown with high ceilings, arched hallways, and access to several New Orleans destinations.
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: 2,054 square feet; built in 1980; Renovated duplex with high ceilings, arched hallways, and exposed brick; Uptown location a few doors from Zony Mash
