Shotgun Duplex with Private
For Sale
$230,000
2427 S ROBERTSON Street, New Orleans, LA 70113
MULTI_FAMILY - New Orleans, LA
Property Size1,652 SF
Price / SF$139.23
Days on Market27
Property Features for 2427 S ROBERTSON Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Fence
Fencing
Fenced
Lot features
Regular
Subdivision
Central City
Standard status
Active
APN
2427-SROBERTSONST
Size
1,652 SF
Utilities
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Sandy Duplessis · License #099562625
(504) 669-8822
Added: Jul 9
Changed: Jul 10
Last Checked: Aug 4 at 3:06PM
MLS# 2566888
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 shotgun-style duplex offers two separate units, each with 2 bedrooms and 1 bathroom. The homes include high ceilings, with some original hardwood floors, updated windows, and renovated bathrooms. Each side also has a private, fenced-in rear yard.
Reported improvements include a new roof and exterior paint in 2021, and an updated electrical system in 2019. The owner’s unit was gut renovated in 2019 with new framing, insulation, and drywall, along with new kitchen cabinets and a bathroom remodel. A drain line was replaced and re-routed in 2020, and the 2427 side has central heat; both sides use newer window units for cooling. The 2427 side of the duplex also includes central heat.
Tenancy is described as month-to-month, and tenants are interested in remaining. The property is listed as being in Flood Zone X and is located in Central City with easy Interstate access.
Reported improvements include a new roof and exterior paint in 2021, and an updated electrical system in 2019. The owner’s unit was gut renovated in 2019 with new framing, insulation, and drywall, along with new kitchen cabinets and a bathroom remodel. A drain line was replaced and re-routed in 2020, and the 2427 side has central heat; both sides use newer window units for cooling. The 2427 side of the duplex also includes central heat.
Tenancy is described as month-to-month, and tenants are interested in remaining. The property is listed as being in Flood Zone X and is located in Central City with easy Interstate access.
Key Highlights
- Shotgun double with 2 beds/1 bath on each side and high ceilings
- NEW roof and exterior paint in 2021; updated electrical system in 2019
- Owner’s unit gut renovated in 2019 with new framing, insulation, drywall, new kitchen cabinets, and bathroom remodel
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 | $32.7k | $19.80 |
| − Vacancy | −$2.8k | −$1.71 |
| EGI | $29.9k | $18.09 |
| − OpEx | −$9.0k | −$5.43 |
| NOI | $20.9k | $12.66 |
1,652 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$298.8K
$261.5K – $348.6K
NOI $20,918 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$274.7K
$240.3K – $320.5K
NOI $19,227 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$419.9K
$367.4K – $489.9K
NOI $29,392 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, one-bath units each feature fenced rear yard access, with recent roof, paint, and electrical updates.
Where is this duplex located?
The property is located at 2427 S ROBERTSON Street New Orleans, LA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Shotgun double with 2 beds/1 bath on each side and high ceilings; NEW roof and exterior paint in 2021; updated electrical system in 2019; Owner’s unit gut renovated in 2019 with new framing, insulation, drywall, new kitchen cabinets, and bathroom remodel
