Duplex with Separate
For Sale
$295,500
4528-30 LIGUSTRUM Street, Metairie, LA 70001
A rear residence offers rental use or space for multigenerational living, with its own gas and electric meters.
Property Size2,582 SF
Price / SF$114.45
Days on Market30
Property Features for 4528-30 LIGUSTRUM Street
General Information
Standard status
Active
Size
2,582 SF
Total Parking Spaces
3
Property subtype
Residential Income
Site & Location
Neighborhood
Bridgedale District 2
Highway Access
Yes
Utilities to Site
Yes
Amenities
Central Air, Window Unit(s)
Central
Off Street
Ranch
Building Details
Year Built
1965
Stories
2
Listing Agency:
HomeSmart Realty South
Listed By:
Kristian Lindstrom · License #995687666
(504) 575-5123
Source:
Evrealestate
Added: Sep 25
Changed: Oct 8
Last Checked: Oct 23 at 7:16AM
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 HomeSmart Realty South
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Investment Insights
Based on property information with market context.
This 2,582-square-foot duplex was built in 1965 and includes a main residence and a separate rear unit. The rear unit has individual gas and electric meters and may serve as a rental or accommodate multigenerational living. Storage space and parking are also available. The property is suited to renovation, with work needed to shape the homes to a buyer’s plans.
The property is in Metairie, with access to I-10, shopping, and Airline Drive. The roof on the rear unit was replaced in 9/2026.
The property is in Metairie, with access to I-10, shopping, and Airline Drive. The roof on the rear unit was replaced in 9/2026.
Key Highlights
- 2,582 square feet
- Duplex includes a rear unit with separate gas and electric meters
- Rear unit roof replaced 9/2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,028
Cap Rate
8.13%
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 9.34%
Second Best
Apartment 5plus
$343.3K
$300.4K – $400.5K
NOI $24,028 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$604.6K
$529.1K – $705.4K
NOI $42,325 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A rear residence offers rental use or space for multigenerational living, with its own gas and electric meters.
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 $295,500.
What are key features of this property?
This property features: 2,582 square feet; Duplex includes a rear unit with separate gas and electric meters; Rear unit roof replaced 9/2026
