3619 Rose Ave · Chalmette, LA 70043

$268,000

5 bd · 2.5 ba · 1,865 sqft · MultiFamily · 44 Days on market

Built 1973 Good condition 4,791 sqft lot $144/sqft · 16% above area Est $231k · 16% over

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Why this score? — see what drove the C- 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 +23.1/30.0
• DSCR +7.4/10.0
• 1% rule +6.0/10.0
• Schools +5.0/10.0
• Condition / age +3.8/5.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• ARV discount +0.2/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Great investment opportunity in Chalmette! Well maintained spacious brick double conveniently located in close proximity to shopping, dining, schools and just minutes from New Orleans. Total of 5 bedrooms. New roof and Air Condition units installed in 2025. 3 bedroom unit with an estimated rent of $1,600-$1,700 per month and 2 bedroom unit with an estimated rent of $1,400-$1,500 per month. Excellent investment potential for investors or anyone wanting to live in one unit and rent the other! Ceramic tile throughout for easy maintenance and appeal. Both units offer huge inside laundry for added convenience, separate utilities including gas, water, and electric meters, new hot water heater, storage shed, private yards. A back porch provides a dedicated space for outdoor seating or entertaining. Schedule your private showing!

Key facts

• Separate utilities
• Well maintained
• New roof

Tags

• WELL MAINTAINED
• SPACIOUS BRICK DOUBLE
• NEW ROOF
• NEW AIR CONDITION UNITS
• INSIDE LAUNDRY
• SEPARATE UTILITIES

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath multifamily listed at $268k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $480 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $268k).
• Recommended offer: $260k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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: Rents rising (+3.1%/yr); 214 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 112 units permitted in St. Bernard Parish in 2024 (0 in 5+ unit buildings).
• At $2,952/mo this rent would consume 64% of the median local household income ($55k/yr) (locally 881% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($260k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Recommended offer $259,960 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.10% ✓
• Cap rate: 8.44%
• Cash-on-cash: 7.68%
• DSCR: 1.34
• GRM: 7.6

CMA / ARV

• ARV (median comp): $230,595
• List price: $268,000
• Delta: 16.22%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4017-19 Jupiter Dr	0.22mi	4/2.0 (-1)	1,804 (-3%)	11mo	$207,000	$115	68
4005-07 Jupiter Dr	0.23mi	5/2.5	2,048 (+10%)	11mo	$230,000	$112	63
9109 Atreus St	0.24mi	4/3.5 (-1)	1,980 (+6%)	9mo	$170,000	$86	62
74-76 Phillip Ct	0.66mi	4/2.0 (-1)	1,920 (+3%)	2mo	$240,000	$125	56
301 E Liberaux St	0.58mi	5/3.0	1,965 (+5%)	10mo	$250,000	$127	53
9025-27 Atreus St	0.27mi	4/4.0 (-1)	2,000 (+7%)	14mo	$196,000	$98	53
3521 23 Kings Dr	0.58mi	5/4.0	1,996 (+7%)	3mo	$354,000	$177	53
9101-9103 Atreus St	0.26mi	4/4.0 (-1)	1,700 (-9%)	11mo	$243,500	$143	53
300 E Magnolia Dr	0.56mi	5/3.0	1,975 (+6%)	15mo	$240,000	$122	50
3817 19 Juno Dr	0.38mi	4/2.0 (-1)	1,700 (-9%)	14mo	$255,000	$150	49
3705-07 Juno Dr	0.46mi	6/4.0 (+1)	2,085 (+12%)	10mo	$350,000	$168	40
125 27 W Philip Ct	0.69mi	5/3.0	2,100 (+13%)	16mo	$259,000	$123	32

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 · 3.11% rent growth · sell at horizon

5-year hold

• IRR: -4.4%
• Equity multiple: 0.83×
• Total profit: $-12,485
• Equity at exit: $39,960

10-year hold

• IRR: 5.4%
• Equity multiple: 1.40×
• Total profit: $30,019
• Equity at exit: $23,172

Cash invested: $75,040 (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 70043

• Rents YoY: 3.1%
• Active inventory: 214
• Price-to-rent: 14.7×

Monthly cashflow live

• Estimated rent: $2,952 high
• Mortgage (P&I): −$1,405
• Tax est. 1.5%: −$335 /mo · $4,020/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$620
• Net cashflow: $480

Break-even live

Break-even rent $2,344

Max offer price $268,000

Occupancy floor 79%

Sensitivity live

Price	-10% $665	-5% $573	+0% $480	+5% $387	+10% $295
Rent	-10% $247	-5% $363	+0% $480	+5% $597	+10% $713
Rate	-1.0pp $615	-0.5pp $548	base $480	+0.5pp $411	+1.0pp $340

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

Units	Beds	Baths	Est. rent
1× unit	3	1	$1,520
1× unit	2	1	$1,432
Total (2 units)			$2,952

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: $67,000
• Closing costs: $8,040
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
32 Old Hickory St Chalmette, LA	4.0	2.0	1379	$1,850	$1.34	25d	1	1.40mi

Listing history 6 events

1. 2026-05-17
   status Pending 833-char remark

   Show marketing remark (835 chars)

   Great investment opportunity in Chalmette! Well maintained spacious brick double conveniently located in close proximity to shopping, dining, schools and just minutes from New Orleans. Total of 5 bedrooms. New roof and Air Condition units installed in 2025. 3 bedroom unit with an estimated rent of $1,600-$1,700 per month and 2 bedroom unit with an estimated rent of $1,400-$1,500 per month. Excellent investment potential for investors or anyone wanting to live in one unit and rent the other! Ceramic tile throughout for easy maintenance and appeal. Both units offer huge inside laundry for added convenience, separate utilities including gas, water, and electric meters, new hot water heater, storage shed, private yards. A back porch provides a dedicated space for outdoor seating or entertaining. Schedule your private showing!

2. 2026-05-17
   status Pending 835-char remark

   Show marketing remark (835 chars)

   Great investment opportunity in Chalmette! Well maintained spacious brick double conveniently located in close proximity to shopping, dining, schools and just minutes from New Orleans. Total of 5 bedrooms. New roof and Air Condition units installed in 2025. 3 bedroom unit with an estimated rent of $1,600-$1,700 per month and 2 bedroom unit with an estimated rent of $1,400-$1,500 per month. Excellent investment potential for investors or anyone wanting to live in one unit and rent the other! Ceramic tile throughout for easy maintenance and appeal. Both units offer huge inside laundry for added convenience, separate utilities including gas, water, and electric meters, new hot water heater, storage shed, private yards. A back porch provides a dedicated space for outdoor seating or entertaining. Schedule your private showing!

3. 2026-05-14
   status Active 835-char remark

   Show marketing remark (835 chars)

   Great investment opportunity in Chalmette! Well maintained spacious brick double conveniently located in close proximity to shopping, dining, schools and just minutes from New Orleans. Total of 5 bedrooms. New roof and Air Condition units installed in 2025. 3 bedroom unit with an estimated rent of $1,600-$1,700 per month and 2 bedroom unit with an estimated rent of $1,400-$1,500 per month. Excellent investment potential for investors or anyone wanting to live in one unit and rent the other! Ceramic tile throughout for easy maintenance and appeal. Both units offer huge inside laundry for added convenience, separate utilities including gas, water, and electric meters, new hot water heater, storage shed, private yards. A back porch provides a dedicated space for outdoor seating or entertaining. Schedule your private showing!

4. 2026-05-14
   status Pending 835-char remark

   Show marketing remark (835 chars)

   Great investment opportunity in Chalmette! Well maintained spacious brick double conveniently located in close proximity to shopping, dining, schools and just minutes from New Orleans. Total of 5 bedrooms. New roof and Air Condition units installed in 2025. 3 bedroom unit with an estimated rent of $1,600-$1,700 per month and 2 bedroom unit with an estimated rent of $1,400-$1,500 per month. Excellent investment potential for investors or anyone wanting to live in one unit and rent the other! Ceramic tile throughout for easy maintenance and appeal. Both units offer huge inside laundry for added convenience, separate utilities including gas, water, and electric meters, new hot water heater, storage shed, private yards. A back porch provides a dedicated space for outdoor seating or entertaining. Schedule your private showing!

5. 2026-04-03
   listed $268,000 Active 833-char remark

   Show marketing remark (835 chars)

   Great investment opportunity in Chalmette! Well maintained spacious brick double conveniently located in close proximity to shopping, dining, schools and just minutes from New Orleans. Total of 5 bedrooms. New roof and Air Condition units installed in 2025. 3 bedroom unit with an estimated rent of $1,600-$1,700 per month and 2 bedroom unit with an estimated rent of $1,400-$1,500 per month. Excellent investment potential for investors or anyone wanting to live in one unit and rent the other! Ceramic tile throughout for easy maintenance and appeal. Both units offer huge inside laundry for added convenience, separate utilities including gas, water, and electric meters, new hot water heater, storage shed, private yards. A back porch provides a dedicated space for outdoor seating or entertaining. Schedule your private showing!

6. 2026-04-03
   listed $268,000 Active 835-char remark

   Show marketing remark (835 chars)

   Great investment opportunity in Chalmette! Well maintained spacious brick double conveniently located in close proximity to shopping, dining, schools and just minutes from New Orleans. Total of 5 bedrooms. New roof and Air Condition units installed in 2025. 3 bedroom unit with an estimated rent of $1,600-$1,700 per month and 2 bedroom unit with an estimated rent of $1,400-$1,500 per month. Excellent investment potential for investors or anyone wanting to live in one unit and rent the other! Ceramic tile throughout for easy maintenance and appeal. Both units offer huge inside laundry for added convenience, separate utilities including gas, water, and electric meters, new hot water heater, storage shed, private yards. A back porch provides a dedicated space for outdoor seating or entertaining. Schedule your private showing!

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

Taxation est. · year 1

• Rental income: $35,424
• − Mortgage interest: −$15,012
• − Property taxes: −$4,020
• − Insurance: −$1,340
• − Repairs & maintenance: −$2,834
• − Management: −$2,834
• − Depreciation: −$7,796
• Taxable income: $1,588
• Est. tax owed @ 24.0%: −$381
• After-tax cash flow: $5,379/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 · 6 photos

Good 75/100 Cosmetic rehab

This property is in good condition with a new roof and air conditioning units installed in 2025. It offers excellent investment potential for investors or renters.

Value-add opportunities

• Both Paint touch-ups — Fresh paint enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in bathrooms — Ceramic tile is durable but could be replaced with more modern materials

Renovation cost estimate screening

Value-add ROI direction

• Both Paint touch-ups — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms — Ceramic tile is durable but could be replaced with more modern materials ↑

ⓘ 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
• County: Saint Bernard Parish · 22,638 people
• City population: 22,638
• Metro: New Orleans-Metairie, LA
• Population (ZIP): 22,638
• Household income: $55,068
• Rent vs Own: 39.0% rent · 61.0% own
• Severe rent burden: 881.0

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 0.61)
• Race & ethnicity: White 55% Black 26% Hispanic / Latino 12% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 13% Slovak 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 88% English-only · Spanish 8% Arabic 1% Vietnamese 1%

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: ▼ -211.77%
• Current HPI: 194.8123
• Rent YoY: ▲ 3.11%
• Metro: New Orleans-Metairie, LA
• 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

+0.0% since first listed

6 events — show timeline

• 2026-05-17 Pending — AcadianaMLS
• 2026-05-17 Pending — GSREIN
• 2026-05-14 Relisted — GSREIN
• 2026-05-14 Pending — GSREIN
• 2026-04-03 Listed $268,000 GSREIN
• 2026-04-03 Listed $268,000 AcadianaMLS