Two-Unit Residential Income
1908-10 BROADWAY Street New Orleans, LA 70118
For Sale
$459,900
MULTI_FAMILY - New Orleans, LA
Property Size2,743 SF
Price / SF$167.66
Days on Market141
Property Features for 1908-10 BROADWAY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Standard status
Active
APN
615311307
Size
2,743 SF
Taxes and HOA fees
Tax Description
FRIBURG SQ 39 LOT C BROADWAY 35X103 1908-10 BROADWAY DUP-W SALE + 2004 PERMIT FILE #84520 10/02
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Pintat Realty LLC
(504) 451-5443
Listed By:
Traci Bird Kestler
(504) 468-7224
Added: Mar 10
Changed: Jul 19
Last Checked: Jul 28 at 7:06AM
MLS# 2530811
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.
Investment Insights
Based on property information with market context.
This two-unit residential income property features a lower unit (1908) and an upper unit (1910). Each unit includes updated interior finishes with flooring in place (wood and tile) and spacious rooms. The 1908 lower unit offers 3 bedrooms and 1.5 bathrooms, along with a larger yard area with some grass. The 1910 upper unit provides 3 bedrooms and 1 bathroom, plus a balcony and a private patio in the back yard. A separate outdoor laundry building includes laundry space for each unit.
Improvements described in the listing include new wiring throughout, copper piping, new windows, new sewer, and central HVAC installed. The listing notes the 1908 HVAC is approximately 1.5 years old and that gas has been capped off but remains available. The property has separate water and electric meters, and tenants are responsible for utilities. The listing also describes the presence of central air and heat for the units and electric-based systems. There is one driveway for off-street parking for two vehicles that tenants can share.
Measurements are approximate. The owner/agent indicates that major systems were replaced when purchased.
Improvements described in the listing include new wiring throughout, copper piping, new windows, new sewer, and central HVAC installed. The listing notes the 1908 HVAC is approximately 1.5 years old and that gas has been capped off but remains available. The property has separate water and electric meters, and tenants are responsible for utilities. The listing also describes the presence of central air and heat for the units and electric-based systems. There is one driveway for off-street parking for two vehicles that tenants can share.
Measurements are approximate. The owner/agent indicates that major systems were replaced when purchased.
Key Highlights
- Over 6% capitalization rate listed (see photo).
- 2‑unit duplex built in 1935 with central HVAC (central a/c and heat) and central air.
- All major systems replaced after purchase, including new wiring, copper pipe, new windows, and new sewer.
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 | $54.3k | $19.80 |
| − Vacancy | −$4.7k | −$1.71 |
| EGI | $49.6k | $18.09 |
| − OpEx | −$14.9k | −$5.43 |
| NOI | $34.7k | $12.66 |
2,743 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$456.1K
$399.1K – $532.1K
NOI $31,925 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$697.2K
$610.0K – $813.4K
NOI $48,803 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with separate meters, central HVAC, and off-street parking for two vehicles off one driveway.
Where is this duplex located?
The property is located at 1908-10 BROADWAY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Over 6% capitalization rate listed (see photo).; 2‑unit duplex built in 1935 with central HVAC (central a/c and heat) and central air.; All major systems replaced after purchase, including new wiring, copper pipe, new windows, and new sewer.
