Well-Maintained Duplex in Flood Zone
For Sale
$345,000
713-715 Kent Avenue, Metairie, LA 70001
Duplex with two 2-bedroom, 1.5-bath units, one tenant occupied and one vacant, sold as-is.
Property Size2,380 SF
Price / SF$144.96
Days on Market104
Property Features for 713-715 Kent Avenue
General Information
Standard status
Active
Size
2,380 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Occupancy
50%
Additional Details
Multifamily Units
2
Building Details
Year Built
1980
Listing Agency:
Watermark Realty, LLC
(504) 400-0707
Listed By:
Kevin Baroni · License #995708222
(504) 400-0707
Source:
Compass
Added: Apr 18
Changed: Jul 21
Last Checked: Jul 30 at 1:40PM
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 Watermark Realty, LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex features two separate units, each laid out with 2 bedrooms and 1.5 baths. One unit is currently tenant occupied and the other is vacant, providing flexibility for an owner-occupant or an investor seeking immediate tenancy.
The property is located in Metairie, with nearby dining and shopping. Measurements are approximate and buyers are encouraged to verify. The seller is offering the property “AS IS” and will make no repairs.
Improvements and managed services include a new roof installed in 2021. The property is in Flood Zone X and is under a termite contract with Terminix.
The property is located in Metairie, with nearby dining and shopping. Measurements are approximate and buyers are encouraged to verify. The seller is offering the property “AS IS” and will make no repairs.
Improvements and managed services include a new roof installed in 2021. The property is in Flood Zone X and is under a termite contract with Terminix.
Key Highlights
- Duplex in Metairie with two 2‑bedroom, 1.5‑bath units (4 beds, 2 full baths, 2 partial baths total).
- Approx. 1,190 SF per unit: unit 713 and unit 715 each feature the same 2 bed / 1.5 bath layout.
- New asphalt roof installed in 2021; brick construction with traditional slab foundation; 1 story.
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 | $38.6k | $16.20 |
| − Vacancy | −$2.2k | −$0.92 |
| EGI | $36.4k | $15.28 |
| − OpEx | −$10.9k | −$4.58 |
| NOI | $25.5k | $10.69 |
2,380 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$363.6K
$318.1K – $424.2K
NOI $25,451 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$316.4K
$276.9K – $369.1K
NOI $22,148 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$557.3K
$487.7K – $650.2K
NOI $39,014 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,180
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
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 - Duplex with two 2-bedroom, 1.5-bath units, one tenant occupied and one vacant, sold as-is.
Where is this duplex located?
The property is located at 713-715 Kent Avenue Metairie, LA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Duplex in Metairie with two 2‑bedroom, 1.5‑bath units (4 beds, 2 full baths, 2 partial baths total).; Approx. 1,190 SF per unit: unit 713 and unit 715 each feature the same 2 bed / 1.5 bath layout.; New asphalt roof installed in 2021; brick construction with traditional slab foundation; 1 story.
