Two-Unit Cottage
For Sale
$275,000
411 NURSERY Avenue, Metairie, LA 70005
Multifamily, Metairie, LA
Property Size1,149 SF
Lot Size0.14 Acres
Price / SF$239.34
Days on Market13
Property Features for 411 NURSERY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Parking
2
Standard status
Active
APN
0820016977
Size
1,149 SF
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LOTS 39 40 SQ 17 10751834 METAIRIE RIDGE NURSERY 9804902
Legal Description
LOTS 39 40 SQ 17 10751834 METAIRIE RIDGE NURSERY 9804902
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1943
Number of units
2
Building materials
Vinyl Siding
Architectural style
Cottage
Buildings
1
Listing Agency:
Century 21 J. Carter & Company · Century 21 Real Estate
(504) 810-2825
Listed By:
Kelsey N Altmeyer · License #995714318
(504) 439-1530
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 24 at 12:06AM
MLS# 2581206
Copyright © 2026 ROAM MLS. 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 1,149-square-foot duplex contains two one-bedroom, one-bathroom residences. The 0.1377-acre property was built in 1943 and has vinyl siding, window-unit cooling, public water, and public sewer. Natural gas is available. The property is being sold as is, with no repairs by the seller.
The duplex is next to a canal walking path and minutes from Metairie Road, Barcar, and Hogs Alley. One residence is tenant-occupied; the other is vacant and being offered for rent.
The duplex is next to a canal walking path and minutes from Metairie Road, Barcar, and Hogs Alley. One residence is tenant-occupied; the other is vacant and being offered for rent.
Key Highlights
- Two residences, each with 1 bedroom and 1 full bathroom
- 1,149 square feet on 0.1377 acres
- One side occupied; the other is vacant and offered for rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,287
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,740
$245.7K
Cap Rate 7%
$175,529
$175.5K
Cap Rate 9%
$136,522
$136.5K
Market Conditions
NOI Build-Up for 1,149 SF
Gross rent
$18.6K $16.20/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$17.6K $15.28/SF
− OpEx
−$5.3K −$4.58/SF
NOI
$12.3K $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 Rate 5%
$245,740
Cap Rate 7%
$175,529
Cap Rate 9%
$136,522
Alternative Uses
Best Use
Multifamily LT 5
$175.5K
$153.6K – $204.8K
NOI $12,287 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$152.8K
$133.7K – $178.2K
NOI $10,693 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$269.1K
$235.4K – $313.9K
NOI $18,835 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 70005, LA
25,431
Population
12,447
Households
2
Avg Household Size
45
Median Age
50%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
6,055
Density / Sq Mi
$86,048
Median Household Income
$53,258
Median Earnings
$1,160
Median Rent
$381,000
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 - Each residence has one bedroom and a full bathroom; one side is occupied, while the other is vacant.
Where is this duplex located?
The property is located at 411 NURSERY Avenue Metairie, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two residences, each with 1 bedroom and 1 full bathroom; 1,149 square feet on 0.1377 acres; One side occupied; the other is vacant and offered for rent
