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    1908-10 Broadway St New Orleans, LA 70118

    View on Map
    Sponsored
    For Sale
    $489,900

    Traditional, Duplex - New Orleans, LA

    Type:Duplex
    Property size:
    2,743 SF
    Days on Market:
    2
    Last Refresh:
    Mar 11 at 11:06 am

    Property Features for 1908-10 Broadway St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Parking features
    Driveway
    Patio and Porch features
    Porch
    EntryLevel
    1
    Exterior features
    Fence, Porch
    Fencing
    Fenced
    Size
    2,743 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    2
    Building materials
    Wood Siding
    Roof type
    Shingle
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Traci Bird Kestler

    Pintat Realty LLC (504) 468-7224

    Listing agent Traci Bird Kestler (504) 468-7224

    Listing date Mar 10, 2026

    MLS# 2530811 Listing URL

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Orleans Duplex with Updates

    This New Orleans duplex features updated systems, including new wiring throughout, copper pipe installation, new windows, and a new sewer system. Central HVAC has been installed, with the 1908 unit's HVAC system being only 1.5 years old. The gas line has been capped off but remains available, and all systems are electric. The property includes two units: 1908, which is the lower unit, features a larger yard with some grass, three bedrooms, and 1.5 bathrooms. 1910, the upper unit, includes a balcony and a private patio in the backyard, along with three bedrooms and one bathroom. An outdoor building houses a separate laundry for each unit. Both units have wood and tile flooring throughout. The kitchens are spacious, and all rooms are described as spacious. The layout is not a shotgun style. A driveway provides off-street parking for two vehicles, which tenants can share. The property size is approximately 2743 square feet and the lot size is approximately 0 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1184907
    Latitude
    29.9481337

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    FAQs

    What type of property is this?
    Duplex - Updated duplex in New Orleans with spacious units and modern amenities.
    Where is this duplex located?
    The property is located at 1908-10 Broadway St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $489,900.
    What are key features of this property?
    This property features: - All major systems replaced: new wiring, copper pipes, windows, sewer, and central HVAC (1.5 years old).; - Two units: 1908 (3 beds, 1.5 baths, larger yard with grass) and 1910 (3 beds, 1 bath, balcony, private patio).; - Separate laundry for each unit in outdoor building.
    (504) 468-7224
    Request Owner's contact information
    1908-10 Broadway St New Orleans, LA 70118
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    New Orleans, LA 70118
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1908-10 Broadway St New Orleans, LA 70118
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    We can help!
    Listing Contact
    Traci Bird Kestler
    (504) 468-7224
    Learn more
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