Ranch-Style
7409 4th St, Marrero, LA 70072
For Sale
$185,000
Established duplex with off-street driveway parking and window unit cooling.
Property Size1,340 SF
Price / SF$138.06
Days on Market95
Property Features for 7409 4th St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Axis Realty Group LLC
Listed By:
Nicole Marullo · License LA #995703593
(504) 202-0354
Source:
Fiorellaavenue
Added: Aug 11
Changed: Nov 5
Last Checked: Nov 12 at 10:24AM
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 Axis Realty Group LLC
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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 / Yr
$11,517
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,340
$230.3K
Cap Rate 7%
$164,529
$164.5K
Cap Rate 9%
$127,967
$128.0K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$18.0K $13.44/SF
− Vacancy
−$1.6K −$1.16/SF
EGI
$16.5K $12.28/SF
− OpEx
−$4.9K −$3.68/SF
NOI
$11.5K $8.60/SF
Area
Jefferson County, LA
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,340
Cap Rate 7%
$164,529
Cap Rate 9%
$127,967
Alternative Uses
Best Use
Multifamily LT 5
$164.5K
$144.0K – $192.0K
NOI $11,517 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$145.9K
$127.6K – $170.2K
NOI $10,210 @ 7.0% cap · market cap 5.52%
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.
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Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
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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
$190,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Jefferson County, LA
Properties on Market for Duplexes in Jefferson County
Vacancy Rate% for Multifamily in South region
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 St 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
