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3304 Metropolitan Street, New Orleans, LA 70126

New Orleans
Local realty services provided by:CENTURY 21 Action Realty
3304 Metropolitan Street,New Orleans, LA 70126
$345,000
  • 8 Beds
  • 6 Baths
  • 2,996 sq. ft.
  • Multi-family
  • Active
Listed by: lazaro suarez
Office: reve, realtors
MLS#:2537623
Source:LA_GSREIN

Price summary

  • Price:$345,000
  • Price per sq. ft.:$115.15

About this home

INVESTOR ALERT: TURNKEY CASH FLOW + LOW MAINTENANCE + NEWER CONSTRUCTION = the kind of asset that’s hard to find in New Orleans—this LIKE NEW 2023 double delivers TWO large, tenant occupied units (approx. 2,996 sq.ft. total | 8 beds | 4 full baths + 2 half baths) built for durability and rentability, featuring bright NATURAL LIGHT, a true OPEN FLOOR PLAN, stylish updated kitchens with STONE COUNTERTOPS, and modern finishes that keep demand high and turns low; value adds you can underwrite with confidence include ENERGY SAVING WINDOWS, TANKLESS HOT WATER, CENTRAL HVAC, a RAISED foundation, and OFF STREET PARKING (+) all designed to reduce surprise capital expenses and protect long term returns, while the PRIME location puts you minutes to the French Quarter and Downtown for consistent tenant pull. At $345,000 with in place rents of $2,000 + $2,057 (= $4,057/mo | $48,684/yr), you’re looking at an attractive GRM of ~7.1 and a gross cap rate of ~14.11% (gross)—a READY TO PERFORM, income

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Home facts

  • Year built:2023
  • Listing ID #:2537623
  • Added:50 day(s) ago
  • Updated:March 03, 2026 at 04:08 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:6
  • Full bathrooms:4
  • Half bathrooms:2
  • Living area:2,996 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Heating

Structure and exterior

  • Roof:Shingle
  • Year built:2023
  • Building area:2,996 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:City Lot, Rectangular Lot
  • Foundation Description:Raised
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$345,000
  • Price per sq. ft.:$115.15

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