Duplex Income Property with
For Sale
$349,000
554-556 Carrollton Avenue, Metairie, LA 70005
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 Market52
Property Features for 554-556 Carrollton Avenue
General Information
Standard status
Active
Size
1,843 SF
Total Parking Spaces
4
Lot size
0.13 Acres
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Stories
2
Tenancy
Multi
Listing Agency:
Hess Properties
(504) 975-5091
Listed By:
Lori Hess
(504) 975-5091
Source:
Nolalivingrealty
Added: Jun 9
Changed: Jul 23
Last Checked: Jul 29 at 12:36PM
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
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 authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 70005, LA
25,431
Population
12,447
Households
2
Avg Household Size
45
Median Age
50%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
6,055
Density / Sq Mi
$86,048
Median Household Income
$53,258
Median Earnings
$1,160
Median Rent
$381,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
