Duplex Income Property with
554-556 Carrollton Avenue Metairie, LA 70005
554-556 Carrollton Avenue, Metairie, LA, 70005
$349,000
For Sale
$349,000
Duplex offers up-and-down units with a combined 4 bedrooms, 2 baths, and covered parking under garage and carport.
Property Size1,843 SF
Lot Size0.13 Acres
Price / SF$189.37
Days on Market45
Property Features for 554-556 Carrollton Avenue
General Information
- Standard status
- Active
- Size
- 1,843 SF
- Lot size
- 0.13 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1950
Listing agency
Hess Properties
(504) 975-5091
Listed by
Lori Hess
(504) 975-5091
Source
Nolalivingrealty
Added: Jun 9 Updated: Jul 23 at 3:32AM Checked: Jul 23 at 3:32AM
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 Hess Properties
Investment Insights
Based on property information with market context.
This duplex features an up-and-down configuration with a total of approximately 1,843 square feet of living area. The combined layout includes 4 bedrooms and 2 baths across the two units. Exterior amenities include a 2-car garage, a 2-car carport, and a covered porch, providing sheltered parking and entry space.
The property is situated on a 5,529 square foot lot with convenient access to shopping, dining, schools, and major roadways. It is being sold as-is, offering the next owner the opportunity to make improvements and updates.
Overall, the building provides a straightforward duplex setup designed for residential rental income or owner-occupancy with additional income potential.
The property is situated on a 5,529 square foot lot with convenient access to shopping, dining, schools, and major roadways. It is being sold as-is, offering the next owner the opportunity to make improvements and updates.
Overall, the building provides a straightforward duplex setup designed for residential rental income or owner-occupancy with additional income potential.
Key Highlights
- Duplex with up‑and‑down unit configuration and approximately 1,843 SF of living area
- Combined total of 4 bedrooms and 2 baths
- Covered parking includes 2‑car garage and 2‑car carport with covered porch
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 | $29.9k | $16.20 |
| − Vacancy | −$1.7k | −$0.92 |
| EGI | $28.2k | $15.28 |
| − OpEx | −$8.4k | −$4.58 |
| NOI | $19.7k | $10.69 |
1,843 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$281.5K
$246.4K – $328.5K
NOI $19,708 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$245.0K
$214.4K – $285.9K
NOI $17,151 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$431.6K
$377.6K – $503.5K
NOI $30,211 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offers up-and-down units with a combined 4 bedrooms, 2 baths, and covered parking under garage and carport.
Where is this duplex located?
The property is located at 554-556 Carrollton Avenue Metairie, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Duplex with up‑and‑down unit configuration and approximately 1,843 SF of living area; Combined total of 4 bedrooms and 2 baths; Covered parking includes 2‑car garage and 2‑car carport with covered porch
