Renovated Duplex with
For Sale
$349,500
3912 THALIA Street, New Orleans, LA 70125
Multi-Family, Arts and Crafts, New Orleans, LA
Property Size2,054 SF
Price / SF$170.16
Days on Market145
Property Features for 3912 THALIA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Lot features
Regular
Standard status
Active
APN
1
Size
2,054 SF
Taxes and HOA fees
Tax Description
SQ 482 LOT 19 THALIA 32' X 111' 10"
Legal Description
SQ 482 LOT 19 THALIA 32' X 111' 10"
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
high ceilings
arched hallways
exposed brick
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Amber Hines
(201) 341-8733
Added: Jun 1
Changed: Sep 16
Last Checked: Oct 23 at 4:06AM
MLS# 2561352
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. 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 2,054-square-foot duplex was built in 1980 and has undergone renovation. Interior character details include high ceilings, arched passageways, and exposed brick, while the property also offers a porch, fencing, central heating, central air, public water, and a shingle roof.
The property is located at 3912 Thalia Street in New Orleans, within the Uptown area. It is a few doors from Zony Mash and has views toward Five-O Fore Golf and the Fox 8 building. Downtown, Tulane, Xavier, and University Medical Center are identified as accessible destinations from the property.
The two-unit configuration supports either owner occupancy or an investment use, as stated in the property information.
The property is located at 3912 Thalia Street in New Orleans, within the Uptown area. It is a few doors from Zony Mash and has views toward Five-O Fore Golf and the Fox 8 building. Downtown, Tulane, Xavier, and University Medical Center are identified as accessible destinations from the property.
The two-unit configuration supports either owner occupancy or an investment use, as stated in the property information.
Key Highlights
- 2,054‑square‑foot duplex built in 1980
- Renovated interior with high ceilings, arched hallways, and exposed brick
- Porch and fenced exterior
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.
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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 residential property with central HVAC, public water, and enclosed outdoor space.
Where is this duplex located?
The property is located at 3912 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‑foot duplex built in 1980; Renovated interior with high ceilings, arched hallways, and exposed brick; Porch and fenced exterior
