4821-23 Zenith Street, Metairie, LA 70001
Brick double in Metairie with two separate units and off-street parking, sold as-is and currently vacant.
- Added:
- May 29, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 6 at 2:33 am
Property Features for 4821-23 Zenith Street
General Information
- Standard status
- Active
- Size
- 2,030 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1972
Listing agent Raisa Galper License #000040099 (504) 610-7415
Listing office Compass (504) 610-7415
Listing date May 29, 2026
Source Compass
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 Compass
HighLights
- Solid brick double in Metairie with 2 separate units, 5 total bedrooms and 3 full bathrooms
- Unit mix: 1 side has 3 bedrooms/2 baths and the other has 2 bedrooms/1 bath
- Currently vacant and sold as‑is; seller will not do any repairs or improvements
- 1‑story home built in 1972 with slab foundation, asphalt roof, and off‑street parking
- Central air and central heating provided
- Electricity to unit 4823 will not be restored; power has been off for over 6 months
Overview
Located in Metairie, this double is positioned for buyers seeking a straightforward two-unit setup in a residential income property format. The seller notes that electricity to unit 4823 will not be restored, and power in 4823 has been off for over six months.
For an owner-occupant or investor, the duplex configuration supports flexible use of either unit while maintaining a second rental unit in the same building. Because the property is being offered as-is and with power not restored to 4823, interested buyers should plan for renovation and operational readiness before occupancy.
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 | $32.9k | $16.20 |
| − Vacancy | −$1.9k | −$0.92 |
| EGI | $31.0k | $15.28 |
| − OpEx | −$9.3k | −$4.58 |
| NOI | $21.7k | $10.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Metairie
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.1881876
- Latitude
- 29.9956699
