3322-24 Laplace St · Chalmette, LA 70092

$235,000

8 bd · 7.0 ba · 4,096 sqft · MultiFamily · 180 Days on market

Fair condition 5,227 sqft lot $57/sqft · 39% below area Est $388k · 39% under

---

Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.8/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Attention all investors! Duplex located in Chalmette, offering comfort and convenience in a desirable location. Total of 4 Bedrooms, 2 Full, and 2 Half baths would make a great choice for downsizers, investors; or anyone wanting to live in one unit and rent the other! Inside each unit, you'll find an efficient floor plan with a spacious living area, dining space, and a kitchen equipped with a microwave, range/oven, and, washer/dryer hookups inside. Both units are currently leased for a total of $2400/month. Each unit has a carport for covered parking and a storage unit. With its excellent location near shopping, dining, schools, and just minutes from New Orleans, this property offers a great balance of affordability and accessibility.

Key facts

• Spacious living area
• Washer dryer hookups
• Dining space

Tags

• SPACIOUS LIVING AREA
• DINING SPACE
• WASHER DRYER HOOKUPS
• CARPORT FOR COVERED PARKING
• STORAGE UNIT
• MINUTES FROM NEW ORLEANS

🏷️ Possibly a rental listed for sale. The $235,000 price doesn't fit this home's estimated sale value (~$387,655) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2 × 4-bed/2.5-bath units multifamily listed at $235k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive. Per door: $600/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $235k).
• Recommended offer: $207k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.6% vs local median 5.4% in Chalmette — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 65/100 on livability (#137 in LA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: crime F, amenities F, commute F.
• Market conditions: 54 active listings in the ZIP; 112 units permitted in St. Bernard Parish in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• St. Bernard County population projected at +89% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $66k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 180 days — a 12% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 180 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.75% ✓
• Cap rate: 14.60%
• Cash-on-cash: 29.65%
• DSCR: 2.32
• GRM: 4.8

CMA / ARV

• ARV (median comp): $387,655
• List price: $235,000
• Delta: -39.38%
• Verdict: UNDERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3609 Rose St	0.55mi	8/4.0	3,980 (-3%)	11mo	$335,000	$84	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.6%
• Equity multiple: 1.59×
• Total profit: $38,640
• Equity at exit: $35,039

10-year hold

• IRR: 23.4%
• Equity multiple: 3.03×
• Total profit: $133,336
• Equity at exit: $20,319

Cash invested: $65,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Louisiana: 90 Strongly Landlord-Friendly · R+12
• County: — inherits STATE
• City: — inherits STATE

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70092

• Home prices YoY: -3.7%
• Active inventory: 54
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $4,114 high
• Mortgage (P&I): −$1,232
• Tax est. 1.5%: −$294 /mo · $3,525/yr
• Insurance: −$98
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$864
• Net cashflow: $1,199

Break-even live

Break-even rent $2,596

Max offer price $235,000

Occupancy floor 66%

Sensitivity live

Price	-10% $1,362	-5% $1,281	+0% $1,199	+5% $1,118	+10% $1,037
Rent	-10% $874	-5% $1,037	+0% $1,199	+5% $1,362	+10% $1,524
Rate	-1.0pp $1,318	-0.5pp $1,259	base $1,199	+0.5pp $1,139	+1.0pp $1,077

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	4	2.5	$4,114
Total (2 units)			$4,114

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2025-11-25
   listed $235,000 Active 744-char remark

   Show marketing remark (744 chars)

   Attention all investors! Duplex located in Chalmette, offering comfort and convenience in a desirable location. Total of 4 Bedrooms, 2 Full, and 2 Half baths would make a great choice for downsizers, investors; or anyone wanting to live in one unit and rent the other! Inside each unit, you'll find an efficient floor plan with a spacious living area, dining space, and a kitchen equipped with a microwave, range/oven, and, washer/dryer hookups inside. Both units are currently leased for a total of $2400/month. Each unit has a carport for covered parking and a storage unit. With its excellent location near shopping, dining, schools, and just minutes from New Orleans, this property offers a great balance of affordability and accessibility.

2. 2016-05-10
   listed $115,000 342-char remark

   Show marketing remark (342 chars)

   Great investment property! This townhouse style double is great as income producing property or owner occupy. Each unit has open layout downstairs with 1/2 bath. Upstairs has 2 bedrooms and full bath. Both sides have covered carport and additional storage. Both units have small backyards. Renovated in 2007, new roof, plumbing, and electric!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 73% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $49,368
• − Mortgage interest: −$13,164
• − Property taxes: −$3,525
• − Insurance: −$6,294
• − Repairs & maintenance: −$3,949
• − Management: −$3,949
• − Depreciation: −$6,836
• Taxable income: $11,651
• Est. tax owed @ 24.0%: −$2,796
• After-tax cash flow: $11,598/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This multi-family property is in fair condition with some minor repairs and maintenance needed. Painting and landscaping improvements can significantly increase its value.

Repairs flagged

• Minor Landscaping — The landscaping could benefit from some updates.

Value-add opportunities

• Both Painting the exterior and interior walls — Painting can improve the curb appeal and interior aesthetics, which can increase both resale and rental value.
• Both Landscaping improvements — Landscaping improvements can enhance the curb appeal and increase the property's value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Landscaping · The landscaping could benefit from some updates.	Minor	$500–3,000
Total estimated repair cost · 1 items		$500–3,000

Value-add ROI direction

• Both Painting the exterior and interior walls — Painting can improve the curb appeal and interior aesthetics, which can increase both resale and rental value. ↑
• Both Landscaping improvements — Landscaping improvements can enhance the curb appeal and increase the property's value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

No district data.

Livability — Chalmette

• Score: 65/100
• State rank: #137
• US rank: #12500

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D- Housing A+ Health & safety A User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chalmette, LA
• City population: 22,638
• Population (ZIP): 6,784

Population outlook (St. Bernard County) Hauer SSP2

• Today (2025): 66,513 people
• By 2030: 77,768 · +16.9%
• By 2040: 101,296 · +52.3%
• By 2050: 125,770 · +89.1%
• By 2075: 188,160 · +182.9%
• By 2100: 239,339 · +259.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 46% Black 43% Hispanic / Latino 9% Two or more races 6% Native American 1%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Lithuanian 11% Iranian 1% Hispanic 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · St. Bernard

• 2024 margin: Strong R (+29.3) · D 34.5% · R 63.8% · Other 1.7%
• 2008→2024 swing: +16.1pp toward D · 2008: -45.4pp · 2024: -29.3pp
• All cycles: 2024: R+29.3 2020: R+28.5 2016: R+33.4 2012: R+24.7 2008: R+45.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -8.36%
• Current HPI: 218.6728
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Price history

+104.3% since first listed

2 events — show timeline

• 2025-11-25 Listed $235,000 AcadianaMLS
• 2016-05-10 Listed $115,000 AcadianaMLS