Turnkey Duplex Income
1228 30 S GENOIS Street New Orleans, LA 70125
1228 30 S GENOIS Street, New Orleans, LA, 70125
$269,900
For Sale
$269,900
Turnkey duplex with two occupied 3-bedroom, 1-bath units featuring central A/C and heat.
Property Size1,800 SF
Price / SF$149.94
Days on Market511
Property Features for 1228 30 S GENOIS Street
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1980
Listing agency
Boyd Realtors, LLC
(305) 962-6201
Listed by
Jaime Wright · License #995697965
(305) 962-6201
Source
Exitrealty
Added: Feb 26, 2025 Updated: Jul 20 at 7:26PM Checked: Jul 22 at 7:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Boyd Realtors, LLC
Investment Insights
Based on property information with market context.
This turnkey double duplex offers two separate sides, each with a 3-bedroom, 1-bath layout. Both sides are currently occupied by long-term tenants, making it well suited for an investor or an owner-occupant. Interior improvements include granite countertops and central air conditioning and heat on both units.
The property is centrally located in New Orleans, with convenient access to downtown and other nearby areas, and it is described as being just blocks from Xavier University. It also provides easy access to the interstate or Earhart Expressway for travel to Metairie.
With occupied units on both sides, the property presents a straightforward duplex configuration designed for income continuity.
The property is centrally located in New Orleans, with convenient access to downtown and other nearby areas, and it is described as being just blocks from Xavier University. It also provides easy access to the interstate or Earhart Expressway for travel to Metairie.
With occupied units on both sides, the property presents a straightforward duplex configuration designed for income continuity.
Key Highlights
- Turnkey duplex built in 1980 with two occupied 3‑bedroom, 1‑bath units
- Both sides are occupied by long‑term tenants
- Each unit features granite countertops
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 | $35.6k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.6k | $18.09 |
| − OpEx | −$9.8k | −$5.43 |
| NOI | $22.8k | $12.66 |
1,800 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.6K
$284.9K – $379.9K
NOI $22,792 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$299.3K
$261.9K – $349.2K
NOI $20,950 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$457.5K
$400.3K – $533.8K
NOI $32,025 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex with two occupied 3-bedroom, 1-bath units featuring central A/C and heat.
Where is this duplex located?
The property is located at 1228 30 S GENOIS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Turnkey duplex built in 1980 with two occupied 3‑bedroom, 1‑bath units; Both sides are occupied by long‑term tenants; Each unit features granite countertops
