Two-Unit
For Sale
$225,000
6435 37 Marcie St, Metairie, LA 70003
Front and rear residences each provide two bedrooms and one full bathroom.
Property Size1,000 SF
Price / SF$225
Days on Market86
Property Features for 6435 37 Marcie St
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1974
Listing Agency:
NOLA Real Estate 4-U, LLC
Listed By:
Tonya Puleo
(504) 304-9597
Source:
Fiorellaavenue
Added: Jul 24
Changed: Oct 6
Last Checked: Oct 16 at 10:06AM
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 NOLA Real Estate 4-U, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences arranged as front and rear units. Each unit includes two bedrooms and one full bathroom, creating a straightforward two-unit configuration. The property was built in 1974 and measures 1,000 square feet. Located at 6435 37 Marcie St in Metairie, Louisiana, the asset offers a residential layout suited to separate occupancy within one building.
Key Highlights
- Two‑unit duplex with front and rear residences
- Each unit has 2 bedrooms and 1 full bathroom
- 1,000 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,694
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,880
$213.9K
Cap Rate 7%
$152,771
$152.8K
Cap Rate 9%
$118,822
$118.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$16.2K $16.20/SF
− Vacancy
−$923 −$0.92/SF
EGI
$15.3K $15.28/SF
− OpEx
−$4.6K −$4.58/SF
NOI
$10.7K $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 Rate 5%
$213,880
Cap Rate 7%
$152,771
Cap Rate 9%
$118,822
Alternative Uses
Best Use
Multifamily LT 5
$152.8K
$133.7K – $178.2K
NOI $10,694 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$132.9K
$116.3K – $155.1K
NOI $9,306 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$234.2K
$204.9K – $273.2K
NOI $16,392 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 70003, LA
40,068
Population
17,479
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
5,724
Density / Sq Mi
$76,151
Median Household Income
$45,102
Median Earnings
$1,191
Median Rent
$255,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Front and rear residences each provide two bedrooms and one full bathroom.
Where is this duplex located?
The property is located at 6435 37 Marcie St Metairie, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with front and rear residences; Each unit has 2 bedrooms and 1 full bathroom; 1,000 square feet of property size
