Three-Bedroom Duplex with Covered
For Sale
$369,000
3939-3941 Bauvais Street, Metairie, LA 70001
Two-unit duplex offers 3 bedrooms and 1 full bath per level with dedicated laundry, tankless water heaters, and covered parking.
Property Size2,450 SF
Price / SF$150.61
Days on Market174
Property Features for 3939-3941 Bauvais Street
General Information
Standard status
Active
Size
2,450 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Additional Details
Multifamily Units
2
Amenities
laundry area
gas stove
tankless water heater
wood flooring
covered parking
off-street parking
driveway space
backyard
Central Air, Window Unit(s)
Central, Other Heat
Gas Cooktop
2
6
5
Asphalt
Slab: Traditional
1
Brick, Concrete
Building Details
Year Built
1953
Listing Agency:
Congress Realty, Inc
(888) 229-2009
Listed By:
Jared English · License #995709406
(888) 229-2009
Source:
Compass
Added: Mar 1
Changed: Aug 8
Last Checked: Jul 23 at 4:37AM
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 Congress Realty, Inc
Investment Insights
Based on property information with market context.
This duplex consists of two units in one building, with an upper and lower layout. Each unit features three bedrooms, one full bath, a dedicated laundry area, a gas stove, and a tankless water heater, along with wood flooring. Parking is provided with covered spaces, plus additional off-street parking and driveway space. The property also includes a spacious backyard that offers flexibility, including the potential to divide into two separate yard areas.
Located at 3939–3941 Bauvais Street in Metairie, Louisiana, the configuration is designed for income-producing use with two separate living areas under one roof. The provided remarks note projected market rents of approximately $3,200–$3,400 per month total, offering a basis for investors evaluating return potential or owner-occupants considering a live-in arrangement alongside rental income.
Located at 3939–3941 Bauvais Street in Metairie, Louisiana, the configuration is designed for income-producing use with two separate living areas under one roof. The provided remarks note projected market rents of approximately $3,200–$3,400 per month total, offering a basis for investors evaluating return potential or owner-occupants considering a live-in arrangement alongside rental income.
Key Highlights
- 2‑unit duplex in a single 2‑story building (upper and lower levels), built in 1953
- Each unit offers 3 bedrooms and 1 full bath (2 full baths total) with dedicated laundry area
- Tankless water heaters in both units plus gas cooktop
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
$26,199
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
7.10%
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%
$523,980
$524.0K
Cap Rate 7%
$374,271
$374.3K
Cap Rate 9%
$291,100
$291.1K
Market Conditions
NOI Build-Up for 2,450 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
$39.7K $16.20/SF
− Vacancy
−$2.3K −$0.92/SF
EGI
$37.4K $15.28/SF
− OpEx
−$11.2K −$4.58/SF
NOI
$26.2K $10.69/SF
Area
Metairie, LA
Vacancy
5.70%
Lease Rate
$16.20 /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%
$523,980
Cap Rate 7%
$374,271
Cap Rate 9%
$291,100
Alternative Uses
Best Use
Multifamily LT 5
$374.3K
$327.5K – $436.7K
NOI $26,199 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$325.7K
$285.0K – $380.0K
NOI $22,800 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$573.7K
$502.0K – $669.4K
NOI $40,161 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 70001, LA
40,068
Population
19,103
Households
2.1
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
6,164
Density / Sq Mi
$70,187
Median Household Income
$43,662
Median Earnings
$1,145
Median Rent
$313,300
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 duplex offers 3 bedrooms and 1 full bath per level with dedicated laundry, tankless water heaters, and covered parking.
Where is this duplex located?
The property is located at 3939-3941 Bauvais Street Metairie, LA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2‑unit duplex in a single 2‑story building (upper and lower levels), built in 1953; Each unit offers 3 bedrooms and 1 full bath (2 full baths total) with dedicated laundry area; Tankless water heaters in both units plus gas cooktop
