Two-Unit Duplex with Outdoor
For Sale
$360,000
4821 West Metairie Avenue, Metairie, LA 70001
Each residence has upstairs bedrooms, separate den and dining areas, storage, and private exterior space.
Property Size3,260 SF
Price / SF$110.43
Days on Market10
Property Features for 4821 West Metairie Avenue
General Information
Standard status
Active
Size
3,260 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Bridgedale District 2
Highway Access
Yes
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
outdoor spaces
off-street parking
storage
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Lori Scott · License #S55873
(504) 975-1690
Source:
Exprealty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:07PM
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 Keller Williams Realty NO
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Investment Insights
Based on property information with market context.
This 3,260-square-foot duplex contains two residences, each with three bedrooms, two full bathrooms, and a half bath. All bedrooms are upstairs; each unit also includes a den, dining area, and two outdoor spaces. Recent work includes interior paint, flooring, staircase finishes, and a new stove. Off-street parking and additional storage are provided.
The property is at 4821 West Metairie Avenue in Metairie, with access to I-10 and Airline Highway. Clearview Parkway, Causeway Boulevard, and Transcontinental Drive are nearby. The property is in Flood Zone X.
The property is at 4821 West Metairie Avenue in Metairie, with access to I-10 and Airline Highway. Clearview Parkway, Causeway Boulevard, and Transcontinental Drive are nearby. The property is in Flood Zone X.
Key Highlights
- Two‑unit duplex totaling 3,260 square feet
- Each unit has 3 bedrooms, 2 full baths, and 1 half bath
- Two outdoor spaces per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,338
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,760
$606.8K
Cap Rate 7%
$433,400
$433.4K
Cap Rate 9%
$337,089
$337.1K
Market Conditions
NOI Build-Up for 3,260 SF
Gross rent
$58.7K $18.00/SF
− Vacancy
−$3.5K −$1.08/SF
EGI
$55.2K $16.92/SF
− OpEx
−$24.8K −$7.61/SF
NOI
$30.3K $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%
$606,760
Cap Rate 7%
$433,400
Cap Rate 9%
$337,089
Alternative Uses
Best Use
Multifamily LT 5
$498.0K
$435.8K – $581.0K
NOI $34,861 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$433.4K
$379.2K – $505.6K
NOI $30,338 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$763.4K
$668.0K – $890.7K
NOI $53,439 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
589
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 - Each residence has upstairs bedrooms, separate den and dining areas, storage, and private exterior space.
Where is this duplex located?
The property is located at 4821 West Metairie Avenue Metairie, LA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,260 square feet; Each unit has 3 bedrooms, 2 full baths, and 1 half bath; Two outdoor spaces per unit
