Duplex Near Airline
For Sale
$165,000
Pending
760 Cardinal Street, Laplace, LA 70068
Duplex in Laplace, LA, currently rented, near Airline Hwy.
Property Size1,200 SF
Days on Market203
Property Features for 760 Cardinal Street
General Information
Standard status
Pending
Size
1,200 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Building Details
Year Built
1950
Listing Agency:
Compass
(504) 939-1693
Listed By:
Ched Edler · License #000043383
(504) 939-1693
Source:
Compass
Added: Jan 8
Changed: Jul 10
Last Checked: Jul 29 at 2:27PM
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 Compass
Investment Insights
Based on property information with market context.
This duplex is located in the Laplace area, near Airline Highway. The property features a newer metal roof and newer windows. The building has been freshly painted. Each of the two units is currently rented for $1,250. A shared washer and dryer are located in the rear of the building. The property size is 1,200 square feet.
Key Highlights
- Income‑generating duplex - both units currently rented for $1,250 each.
- Newer metal roof for long‑term durability.
- Newer windows for improved energy efficiency.
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 | $20.6k | $17.16 |
| − Vacancy | −$1.8k | −$1.48 |
| EGI | $18.8k | $15.68 |
| − OpEx | −$5.6k | −$4.70 |
| NOI | $13.2k | $10.97 |
1,200 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$188.1K
$164.6K – $219.5K
NOI $13,169 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$175.9K
$153.9K – $205.2K
NOI $12,311 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 70068, LA
33,213
Population
13,379
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
49.3 sq mi
ZIP Area
674
Density / Sq Mi
$69,334
Median Household Income
$39,585
Median Earnings
$1,117
Median Rent
$191,400
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 in Laplace, LA, currently rented, near Airline Hwy.
Where is this duplex located?
The property is located at 760 Cardinal Street Laplace, LA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Income‑generating duplex - both units currently rented for $1,250 each.; Newer metal roof for long‑term durability.; Newer windows for improved energy efficiency.
