Duplex with Detached
For Sale
$259,000
3915 Louisiana Ave Pkwy, New Orleans, LA 70125
Separate upper and lower living areas are complemented by a garage and an additional utility-served building.
Property Size1,705 SF
Price / SF$151.91
Days on Market91
Property Features for 3915 Louisiana Ave Pkwy
General Information
Standard status
Active
Size
1,705 SF
Property subtype
Investment
Zoning
HU-RD2
Property Condition
Severity
Major Repairs Needed
Evidence
in need of significant renovation
Additional Details
Utilities to Site
Yes
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1911
Listing Agency:
Ricci Real Estate
Listed By:
Shelley Lawrence · License #000028441
(504) 866-7000
Source:
Lacdb.resimplifi
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 19 at 3:12AM
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 Ricci Real Estate
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Investment Insights
Based on property information with market context.
Built in 1911, this 1,705-square-foot duplex includes two distinct residential areas. The main level has 2 bedrooms and 2 bathrooms, while the lower level provides a separate 1-bedroom, 1-bath apartment. The property requires significant renovation and offers a configuration that can accommodate separate household spaces.
Two detached structures extend the improvements beyond the main residence. One is a garage, and the other has power and water service. The property also includes 2 electric and gas meters, adding flexibility to the existing layout. Located in Broadmoor at 3915 Louisiana Avenue Pkwy, the property presents a substantial renovation project with multiple existing improvements.
Two detached structures extend the improvements beyond the main residence. One is a garage, and the other has power and water service. The property also includes 2 electric and gas meters, adding flexibility to the existing layout. Located in Broadmoor at 3915 Louisiana Avenue Pkwy, the property presents a substantial renovation project with multiple existing improvements.
Key Highlights
- 1,705‑square‑foot duplex built in 1911
- Main level includes 2 bedrooms and 2 bathrooms
- Separate lower‑level apartment with 1 bedroom and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,590
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,800
$431.8K
Cap Rate 7%
$308,429
$308.4K
Cap Rate 9%
$239,889
$239.9K
Market Conditions
NOI Build-Up for 1,705 SF
Gross rent
$33.8K $19.80/SF
− Vacancy
−$2.9K −$1.71/SF
EGI
$30.8K $18.09/SF
− OpEx
−$9.3K −$5.43/SF
NOI
$21.6K $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%
$431,800
Cap Rate 7%
$308,429
Cap Rate 9%
$239,889
Alternative Uses
Best Use
Multifamily LT 5
$308.4K
$269.9K – $359.8K
NOI $21,590 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$283.5K
$248.1K – $330.7K
NOI $19,844 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$433.4K
$379.2K – $505.6K
NOI $30,335 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,063
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and lower living areas are complemented by a garage and an additional utility-served building.
Where is this duplex located?
The property is located at 3915 Louisiana Ave Pkwy New Orleans, LA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 1,705‑square‑foot duplex built in 1911; Main level includes 2 bedrooms and 2 bathrooms; Separate lower‑level apartment with 1 bedroom and 1 bath
