Duplex with Separate-Meter Rear
For Sale
$285,500
4528-30 LIGUSTRUM Street, Metairie, LA 70001
Multifamily, Metairie, LA
Property Size2,582 SF
Lot Size0.14 Acres
Price / SF$110.57
Days on Market31
Property Features for 4528-30 LIGUSTRUM Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 1
Parking
3
Parking features
Off Street
Patio and Porch features
Porch
Standard status
Active
APN
0820009874
Size
2,582 SF
Lot size
0.14 Acres
Additional Details
Individually Metered Utilities
gas, electric
Taxes and HOA fees
Tax Description
LOT 5 SQ 36 SEC B BRIDGEDALE
Legal Description
LOT 5 SQ 36 SEC B BRIDGEDALE
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1965
Number of units
2
Building materials
Brick
Architectural style
Ranch
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Kristian T Lindstrom · License #995687666
(504) 575-5123
Added: Sep 25
Changed: Oct 24
Last Checked: Oct 25 at 10:06AM
MLS# 2578731
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1965 brick duplex offers 2,582 square feet on a 0.1377-acre lot. The rear unit has separate gas and electric meters, and the property includes a porch, storage space, and off-street parking. Central heating serves the building, with central air and window-unit cooling listed.
Key Highlights
- 2,582‑square‑foot brick duplex built in 1965
- Rear unit has separate gas and electric meters
- 0.1377‑acre lot with off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,028
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,560
$480.6K
Cap Rate 7%
$343,257
$343.3K
Cap Rate 9%
$266,978
$267.0K
Market Conditions
NOI Build-Up for 2,582 SF
Gross rent
$46.5K $18.00/SF
− Vacancy
−$2.8K −$1.08/SF
EGI
$43.7K $16.92/SF
− OpEx
−$19.7K −$7.61/SF
NOI
$24.0K $9.31/SF
Area
Metairie, LA
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,560
Cap Rate 7%
$343,257
Cap Rate 9%
$266,978
Alternative Uses
Best Use
Multifamily LT 5
$394.4K
$345.1K – $460.2K
NOI $27,611 @ 7.0% cap · market cap 9.67%
Second Best
Apartment 5plus
$343.3K
$300.4K – $400.5K
NOI $24,028 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$604.6K
$529.1K – $705.4K
NOI $42,325 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
624
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A rear living unit has separate gas and electric meters and can generate rental income.
Where is this duplex located?
The property is located at 4528-30 LIGUSTRUM Street Metairie, LA.
What is the asking price?
The asking price for this property is $285,500.
What are key features of this property?
This property features: 2,582‑square‑foot brick duplex built in 1965; Rear unit has separate gas and electric meters; 0.1377‑acre lot with off‑street parking
