Duplex with Off-Street Parking and
For Sale
$435,000
2616 BURDETTE Street, New Orleans, LA 70125
Multi-Family, Raised Basement, New Orleans, LA
Property Size2,422 SF
Price / SF$179.60
Days on Market48
Property Features for 2616 BURDETTE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Off Street
Exterior features
Fence, Window Screens
Fencing
Fenced
Lot features
Regular
Subdivision
Maryville Fountainbl
Standard status
Active
APN
716324307
Size
2,422 SF
Taxes and HOA fees
Tax Description
1. SQ 383 LOT L BURDETTE 2. 35 X 105
Legal Description
1. SQ 383 LOT L BURDETTE 2. 35 X 105
Utilities
Heating system
Ductless (Heating), Other (Heating), Central
Cooling system
Ductless, Wall Unit(s), Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Clare Folson · License #995689817
(337) 522-7554
Added: Jul 6
Changed: Aug 19
Last Checked: Aug 22 at 7:06PM
MLS# 2566370
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.
2616 Burdette Street presents a duplex built in 1920 with 2,422 square feet of living space and a mix of original character and recent improvements. The upstairs layout includes a light-filled, air-conditioned sunroom, a double parlor with a formal dining room, a kitchen with a breakfast nook, two bedrooms, a bonus office room, and a full bathroom. The downstairs features one bedroom plus a large living, dining, and office area with a kitchenette and a full bathroom. A side and rear door provide flexibility and could support a separate entrance for the downstairs space. Updates include new double-pane windows, freshly painted and repaired siding, and newer mini-splits downstairs.
Comfort features include ductless and central air, along with central heating and ductless heating. Outside, the property has a fenced area, window screens, a shingle roof, and public water. Parking is available with a garage and off-street spaces.
The home is located in an X flood zone, and Burdette Street has recently been repaved. A pre-listing inspection was performed, and reports are available to interested buyers.
Comfort features include ductless and central air, along with central heating and ductless heating. Outside, the property has a fenced area, window screens, a shingle roof, and public water. Parking is available with a garage and off-street spaces.
The home is located in an X flood zone, and Burdette Street has recently been repaved. A pre-listing inspection was performed, and reports are available to interested buyers.
Key Highlights
- 2,422 SF duplex built in 1920
- Garage plus off‑street parking
- Side and rear door support a potential separate entrance for the downstairs space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,669
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,380
$613.4K
Cap Rate 7%
$438,129
$438.1K
Cap Rate 9%
$340,767
$340.8K
Market Conditions
NOI Build-Up for 2,422 SF
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.
Gross rent
$48.0K $19.80/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$43.8K $18.09/SF
− OpEx
−$13.1K −$5.43/SF
NOI
$30.7K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,380
Cap Rate 7%
$438,129
Cap Rate 9%
$340,767
Alternative Uses
Best Use
Multifamily LT 5
$438.1K
$383.4K – $511.2K
NOI $30,669 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$402.7K
$352.4K – $469.8K
NOI $28,189 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$615.6K
$538.6K – $718.2K
NOI $43,091 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
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 - Built in 1920, this duplex includes off-street parking, a garage, and fenced outdoor area with public water.
Where is this duplex located?
The property is located at 2616 BURDETTE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 2,422 SF duplex built in 1920; Garage plus off‑street parking; Side and rear door support a potential separate entrance for the downstairs space
