3100-02 ORLEANS Avenue, New Orleans, LA 70119
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 3100-02 ORLEANS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 3102
- Size
- 1,930 SF
Taxes and HOA fees
- Tax Description
- Sq 429 Lot 10 Orleans and N. Lopez Street
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Cottage
Listing agent Rhonda Maestri License #01214 (504) 908-5037
Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA (504) 908-7653
Listing date Jun 23, 2026
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.
HighLights
- Two‑story Mid‑City double with two separate units on a corner lot
- Unit mix: 2BD/1BA on one side and 2BD/1.5BA on the other
- Both units feature fresh interior paint, updated flooring, and modern light fixtures
- Both kitchens have been updated, with spacious upstairs bedrooms
- Bathroom features include classic clawfoot tub(s)
- Porch on site; public water; window unit cooling
Overview
The property sits on a desirable corner lot and is described as being just steps from local Bayou and trail access, including biking and walking trails. The surrounding area is also noted for nearby neighborhood destinations such as Parkway Bakery, as well as restaurants and beer taverns.
With two complete, income-producing units, the property can support a range of buyers, including an owner-occupant who wants an additional unit for rental income or an investor looking to add a duplex with recent interior updates. The updated kitchens, modern lighting, and refreshed flooring and paint help reduce near-term turnover concerns and may appeal to tenants seeking move-in-ready layouts.
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 | $38.2k | $19.80 |
| − Vacancy | −$3.3k | −$1.71 |
| EGI | $34.9k | $18.09 |
| − OpEx | −$10.5k | −$5.43 |
| NOI | $24.4k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.087646
- Latitude
- 29.973724
