Duplex with Separate
2809 AUBRY Street New Orleans, LA 70119
2809 AUBRY Street, New Orleans, LA, 70119
$350,000
Pending
For Sale
$350,000
Pending
MULTI_FAMILY - New Orleans, LA
Property Size1,776 SF
Days on Market16
Property Features for 2809 AUBRY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 37W304808
- Size
- 1,776 SF
Taxes and HOA fees
- Tax Description
- SQ 1571 LOT 8 AUBRY 30X120 DBLE/FR 12/RMS A/R
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Crane Realtors
(504) 210-2014
138 N Cortez Street, New Orleans, LA
Listed by
Aaron Dare · License #995681183
(504) 899-8666
Added: Jul 2 Checked: Jul 17 at 10:06 pm
MLS# 2564747
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex is configured as a shotgun double with flexible floor plans. The kitchens are placed in the second rooms on each side, and one unit is currently vacant, creating a practical live-in option while maintaining rental income. Interiors include light-filled living spaces, hardwood floors, spacious kitchens, generous bedrooms, and a dedicated laundry room. Utilities are independently metered with separate electric, gas, and water meters for each side, simplifying day-to-day management and supporting true independent living.
The property is located in the Fairgrounds Triangle neighborhood of New Orleans. It is described as just minutes from City Park and Bayou St. John, with nearby restaurants, coffee shops, and local favorites along Esplanade Ave.
For tenants and buyers, the combination of independent utilities, separate living arrangements, and a private outdoor space can support a range of uses. The current vacancy also allows an owner-occupant to move into one side while leasing the other. The private backyard with a large patio shaded by a mature oak tree adds an additional amenity for both personal enjoyment and tenant appeal.
The property is located in the Fairgrounds Triangle neighborhood of New Orleans. It is described as just minutes from City Park and Bayou St. John, with nearby restaurants, coffee shops, and local favorites along Esplanade Ave.
For tenants and buyers, the combination of independent utilities, separate living arrangements, and a private outdoor space can support a range of uses. The current vacancy also allows an owner-occupant to move into one side while leasing the other. The private backyard with a large patio shaded by a mature oak tree adds an additional amenity for both personal enjoyment and tenant appeal.
Key Highlights
- 1920‑built shotgun double with flexible owner‑occupant/investment potential
- Separate electric, gas, and water meters for each side for independent living
- Central heating and central air
Local 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 | $35.2k | $19.80 |
| − Vacancy | −$3.0k | −$1.71 |
| EGI | $32.1k | $18.09 |
| − OpEx | −$9.6k | −$5.43 |
| NOI | $22.5k | $12.66 |
1,776 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.3K
$281.1K – $374.8K
NOI $22,489 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$295.3K
$258.4K – $344.5K
NOI $20,671 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$464.7K
$406.6K – $542.2K
NOI $32,531 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - A well-maintained shotgun double with independent meters and a private backyard, suited for owner-occupants or income use.
Where is this duplex located?
The property is located at 2809 AUBRY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1920‑built shotgun double with flexible owner‑occupant/investment potential; Separate electric, gas, and water meters for each side for independent living; Central heating and central air
