Ranch-Style
For Sale
$185,000
7409 4TH Street, Marrero, LA 70072
Established duplex with off-street driveway parking and window unit cooling.
Property Size1,340 SF
Price / SF$138.06
Days on Market10
Property Features for 7409 4TH Street
General Information
Standard status
Active
Size
1,340 SF
Total Parking Spaces
2
Property subtype
Residential Income
Amenities
Window Unit(s)
Driveway, Off Street
Ranch
Building Details
Year Built
1970
Stories
1
Listing Agency:
(504) 202-0354
Listed By:
Nicole Marullo · License #995703593
(504) 202-0354
Source:
Evrealestate
Added: Aug 3
Changed: Aug 12
Last Checked: Aug 12 at 5:38AM
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 Nicole Marullo
Investment Insights
Based on property information with market context.
This ranch-style duplex at 7409 4TH Street in Marrero was built in 1970. The property includes window unit cooling and an off-street driveway, providing practical on-site parking for residents. Its duplex configuration supports residential income use within a long-established building format.
The property is located in Jefferson Parish, within an area bounded by the Mississippi River, Lapalco Blvd, Destrehan Ave, and Highway 90.
The property is located in Jefferson Parish, within an area bounded by the Mississippi River, Lapalco Blvd, Destrehan Ave, and Highway 90.
Key Highlights
- Duplex property in Marrero, LA
- Built in 1970
- Ranch‑style exterior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,705
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,100
$294.1K
Cap Rate 7%
$210,071
$210.1K
Cap Rate 9%
$163,389
$163.4K
Market Conditions
NOI Build-Up for 1,340 SF
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.
Gross rent
$23.0K $17.16/SF
− Vacancy
−$2.0K −$1.48/SF
EGI
$21.0K $15.68/SF
− OpEx
−$6.3K −$4.70/SF
NOI
$14.7K $10.97/SF
Area
Jefferson County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,100
Cap Rate 7%
$210,071
Cap Rate 9%
$163,389
Alternative Uses
Best Use
Multifamily LT 5
$210.1K
$183.8K – $245.1K
NOI $14,705 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$196.4K
$171.8K – $229.1K
NOI $13,747 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$353.5K
$309.3K – $412.5K
NOI $24,747 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 70072, LA
56,924
Population
22,845
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
51.8 sq mi
ZIP Area
1,099
Density / Sq Mi
$55,866
Median Household Income
$34,411
Median Earnings
$1,091
Median Rent
$190,700
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 - Established duplex with off-street driveway parking and window unit cooling.
Where is this duplex located?
The property is located at 7409 4TH Street Marrero, LA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Duplex property in Marrero, LA; Built in 1970; Ranch‑style exterior
