Duplex With Covered Rear
For Sale
$525,000
5012 14 Newlands Street, Metairie, LA 70006
Metairie duplex offers shared-driveway parking, in-unit laundry, and kitchens finished with stainless appliances and granite countertops.
Property Size3,500 SF
Days on Market19
Property Features for 5012 14 Newlands Street
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Multi Family Home
Amenities
covered rear patios
in-unit washers and dryers
modern kitchens featuring stainless steel appliances and granite countertops
Building Details
Building Size
3,500 SF
Year Built
1965
Stories
2
Listing Agency:
Bourg Realty Group LLC
(504) 884-1005
Listed By:
Mary Paulk
(504) 884-1005
Source:
Nolalivingrealty
Added: Jul 24
Changed: Aug 7
Last Checked: Aug 10 at 12:07PM
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 Bourg Realty Group LLC
Investment Insights
Based on property information with market context.
Built in 1965, this duplex at 5012 14 Newlands Street in Metairie includes 6 bedrooms, 4 full bathrooms, and 2 half bathrooms. The property is configured for residential income use, with each unit featuring its own washer and dryer.
Interior kitchens combine stainless steel appliances with granite countertops. Covered rear patios extend the usable outdoor area, while rear parking is accessed through a shared driveway. The combination of bedroom and bathroom count, in-unit laundry, kitchen finishes, patio space, and dedicated rear parking creates a well-defined multifamily configuration.
Interior kitchens combine stainless steel appliances with granite countertops. Covered rear patios extend the usable outdoor area, while rear parking is accessed through a shared driveway. The combination of bedroom and bathroom count, in-unit laundry, kitchen finishes, patio space, and dedicated rear parking creates a well-defined multifamily configuration.
Key Highlights
- 6 bedrooms, 4 full bathrooms, and 2 half bathrooms
- Duplex built in 1965
- In‑unit washers and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,428
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$748,560
$748.6K
Cap Rate 7%
$534,686
$534.7K
Cap Rate 9%
$415,867
$415.9K
Market Conditions
NOI Build-Up for 3,500 SF
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.
Gross rent
$56.7K $16.20/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$53.5K $15.28/SF
− OpEx
−$16.0K −$4.58/SF
NOI
$37.4K $10.69/SF
Area
Metairie, LA
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$748,560
Cap Rate 7%
$534,686
Cap Rate 9%
$415,867
Alternative Uses
Best Use
Multifamily LT 5
$534.7K
$467.9K – $623.8K
NOI $37,428 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$465.3K
$407.1K – $542.9K
NOI $32,571 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$819.6K
$717.2K – $956.2K
NOI $57,373 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 70006, LA
16,540
Population
6,645
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
6,362
Density / Sq Mi
$74,049
Median Household Income
$42,120
Median Earnings
$1,206
Median Rent
$333,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Metairie duplex offers shared-driveway parking, in-unit laundry, and kitchens finished with stainless appliances and granite countertops.
Where is this duplex located?
The property is located at 5012 14 Newlands Street Metairie, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 6 bedrooms, 4 full bathrooms, and 2 half bathrooms; Duplex built in 1965; In‑unit washers and dryers
