Corner Lot Double with Two
720-722 Carrollton Avenue Metairie, LA 70005
720-722 Carrollton Avenue, Metairie, LA, 70005
$279,000
For Sale
$279,000
Income-producing double situated on a corner lot with two separate driveways in an X Flood Zone.
Property Size1,673 SF
Price / SF$166.77
Days on Market23
Property Features for 720-722 Carrollton Avenue
General Information
- Standard status
- Active
- Size
- 1,673 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1943
Listing agency
The W Group Real Estate LLC
(504) 210-9088
Listed by
Jennifer Guerin · License #000024161
(504) 210-9088
Source
Compass
Added: Jun 30 Updated: Jul 21 at 2:10PM Checked: Jul 22 at 8:49AM
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 The W Group Real Estate LLC
Investment Insights
Based on property information with market context.
This income-producing duplex offers two separate units within a double situated on a corner lot. The property has two separate driveways, and it is currently tenant-occupied. The current rental income is listed as $1,050 per month, with the possibility to continue renting as-is or pursue renovations.
The address is 720–722 Carrollton Avenue in Metairie, and the property is described as located in an X Flood Zone.
As presented, the offering is a practical, ready-to-lease residential income property with independent drive access for the two sides of the double.
The address is 720–722 Carrollton Avenue in Metairie, and the property is described as located in an X Flood Zone.
As presented, the offering is a practical, ready-to-lease residential income property with independent drive access for the two sides of the double.
Key Highlights
- Income‑producing double on a corner lot with two separate driveways
- Currently tenant‑occupied generating $1,050/month rental income
- Located in an X Flood Zone
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 | $27.1k | $16.20 |
| − Vacancy | −$1.5k | −$0.92 |
| EGI | $25.6k | $15.28 |
| − OpEx | −$7.7k | −$4.58 |
| NOI | $17.9k | $10.69 |
1,673 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.6K
$223.6K – $298.2K
NOI $17,890 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$222.4K
$194.6K – $259.5K
NOI $15,569 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$391.8K
$342.8K – $457.1K
NOI $27,424 @ 7.0% cap · market cap 9.83%
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 - Income-producing double situated on a corner lot with two separate driveways in an X Flood Zone.
Where is this duplex located?
The property is located at 720-722 Carrollton Avenue Metairie, LA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Income‑producing double on a corner lot with two separate driveways; Currently tenant‑occupied generating $1,050/month rental income; Located in an X Flood Zone
