Renovated Duplex with Two
433 Greenmount Drive Metairie, LA 70005
433 Greenmount Drive, Metairie, LA, 70005
$579,000
For Sale
$579,000
Completely renovated duplex with two two-bedroom, one-bath units, each with separate entrances, off-street parking, and private backyard space.
Property Size1,900 SF
Price / SF$304.74
Days on Market49
Property Features for 433 Greenmount Drive
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1965
Listing agency
Crescent Sotheby's International
(504) 400-5541
Listed by
Kathryn Stalter · License #995706789
(504) 400-5541
Source
Compass
Added: Jun 3 Updated: Jul 20 at 9:18PM Checked: Jul 21 at 7:01AM
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 Crescent Sotheby's International
Investment Insights
Based on property information with market context.
This completely renovated duplex features two 2-bedroom, 1-bath units with a total of approximately 1,900 living square feet. Updates include a new roof, new windows, new HVAC systems, updated electrical, new underground plumbing, tankless water heaters, and all-new plumbing and electrical fixtures. The interior improvements include fresh paint, luxury vinyl plank flooring, designer kitchens, and new stainless appliances.
Each unit includes laundry hookups, private backyard space, off-street parking, and a separate entrance for added privacy and convenience.
Set on a landscaped lot in Old Metairie, the property is positioned for low-maintenance rental income or for an owner-occupant who wants to live in one unit while renting the other.
Each unit includes laundry hookups, private backyard space, off-street parking, and a separate entrance for added privacy and convenience.
Set on a landscaped lot in Old Metairie, the property is positioned for low-maintenance rental income or for an owner-occupant who wants to live in one unit while renting the other.
Key Highlights
- Completely renovated duplex with two 2‑bedroom, 1‑bath units totaling approx. 1,900 living SF
- Separate entrances for each unit, with private backyard space and laundry hookups in both units
- New roof, new windows, and new HVAC systems; central heating and central air
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.8k | $16.20 |
| − Vacancy | −$1.8k | −$0.92 |
| EGI | $29.0k | $15.28 |
| − OpEx | −$8.7k | −$4.58 |
| NOI | $20.3k | $10.69 |
1,900 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$290.3K
$254.0K – $338.6K
NOI $20,318 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$252.6K
$221.0K – $294.7K
NOI $17,681 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$444.9K
$389.3K – $519.1K
NOI $31,145 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Completely renovated duplex with two two-bedroom, one-bath units, each with separate entrances, off-street parking, and private backyard space.
Where is this duplex located?
The property is located at 433 Greenmount Drive Metairie, LA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Completely renovated duplex with two 2‑bedroom, 1‑bath units totaling approx. 1,900 living SF; Separate entrances for each unit, with private backyard space and laundry hookups in both units; New roof, new windows, and new HVAC systems; central heating and central air
