Corner Lot Duplex with Two
720-22 Carrollton Avenue Metairie, LA 70005
720-22 Carrollton Avenue, Metairie, LA, 70005
$300,000
For Sale
$300,000
Duplex on a corner lot with two driveways and separately metered units, currently tenant-occupied.
Property Size1,762 SF
Price / SF$170.26
Days on Market275
Property Features for 720-22 Carrollton Avenue
General Information
- Standard status
- Active
- Size
- 1,762 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1943
Listing agency
FQR Realtors
(504) 251-7533
Listed by
David McElveen · License #995687908
(504) 251-7533
Source
Compass
Added: Oct 21, 2025 Updated: Jul 22 at 12:42AM Checked: Jul 22 at 7:24AM
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 FQR Realtors
Investment Insights
Based on property information with market context.
This duplex offers two separate units on a corner lot with two driveways. The property is suitable for rental as-is with tenants currently in place, or for a buyer looking to renovate. Units are separately metered, which can support straightforward utility allocation. Various appliances and window units are noted as tenant-owned.
The property is located at 720-22 Carrollton Avenue in Metairie, Louisiana, and is described as being in an X-flood zone.
Total building size is listed at 1,762 square feet. The duplex configuration and separate metering make it a practical setup for an owner seeking to manage the units individually.
The property is located at 720-22 Carrollton Avenue in Metairie, Louisiana, and is described as being in an X-flood zone.
Total building size is listed at 1,762 square feet. The duplex configuration and separate metering make it a practical setup for an owner seeking to manage the units individually.
Key Highlights
- Duplex on a corner lot with 2 driveways and separately metered units
- Currently tenant‑occupied; rentable as is or renovate for future improvement
- 4 bedrooms and 2 full bathrooms; 1‑story structure built in 1943
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 | $28.5k | $16.20 |
| − Vacancy | −$1.6k | −$0.92 |
| EGI | $26.9k | $15.28 |
| − OpEx | −$8.1k | −$4.58 |
| NOI | $18.8k | $10.69 |
1,762 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.2K
$235.5K – $314.0K
NOI $18,842 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$234.2K
$205.0K – $273.3K
NOI $16,397 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$412.6K
$361.0K – $481.4K
NOI $28,883 @ 7.0% cap · market cap 9.63%
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 on a corner lot with two driveways and separately metered units, currently tenant-occupied.
Where is this duplex located?
The property is located at 720-22 Carrollton Avenue Metairie, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Duplex on a corner lot with 2 driveways and separately metered units; Currently tenant‑occupied; rentable as is or renovate for future improvement; 4 bedrooms and 2 full bathrooms; 1‑story structure built in 1943
