Camelback Duplex Income
2225-27 Baronne Street New Orleans, LA 70113
2225-27 Baronne Street, New Orleans, LA, 70113
$375,000
For Sale
$375,000
Historic camelback-style duplex offers separately metered units, private fenced yards, and needs some work.
Property Size2,848 SF
Price / SF$131.67
Days on Market440
Property Features for 2225-27 Baronne Street
General Information
- Standard status
- Active
- Size
- 2,848 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1900
Listing agency
J. Louis Matherne & Associates
(504) 583-6407
Listed by
Jennifer Matherne · License #000024757
(504) 583-6407
Source
Compass
Added: May 9, 2025 Updated: Jul 21 at 10:58PM Checked: Jul 22 at 10:58AM
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 J. Louis Matherne & Associates
Investment Insights
Based on property information with market context.
This historic camelback-style duplex is offered for sale as a residential income property and is currently occupied by long-term tenants. The first floor features a traditional shotgun layout with the kitchen located at the rear. The second floor includes two independent bedrooms and a full bath. Wood floors and soaring ceilings are noted for both units, and each residence has a private, fenced yard. Utilities are separately metered, with tenants responsible for their own water, electric, and gas.
The property is located in Historic Central City and is described as being just blocks from St. Charles Avenue with easy access to the streetcar line and nearby Downtown, the French Quarter, and Uptown. It is zoned HU-RM1 (Historic Urban Multi-Family Residential District) and is described as being in Flood Zone X.
The sale may include two adjacent properties as well, with the option to buy all three listed together. The remarks also note potential eligibility for Federal and State Historic Tax Credits, to be verified by the buyer.
The property is located in Historic Central City and is described as being just blocks from St. Charles Avenue with easy access to the streetcar line and nearby Downtown, the French Quarter, and Uptown. It is zoned HU-RM1 (Historic Urban Multi-Family Residential District) and is described as being in Flood Zone X.
The sale may include two adjacent properties as well, with the option to buy all three listed together. The remarks also note potential eligibility for Federal and State Historic Tax Credits, to be verified by the buyer.
Key Highlights
- Historic camelback‑style duplex built in 1900 with 6 bedrooms and 4 total baths (2 full, 2 partial)
- Two separately metered residences; tenants pay their own water, electric, and gas
- Each unit includes a private, fenced yard
Local Financial Insights For Apartment 5plus
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 | $66.3k | $23.28 |
| − Vacancy | −$6.0k | −$2.12 |
| EGI | $60.3k | $21.16 |
| − OpEx | −$27.1k | −$9.52 |
| NOI | $33.1k | $11.64 |
2,848 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$515.2K
$450.8K – $601.1K
NOI $36,063 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$473.5K
$414.3K – $552.5K
NOI $33,147 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$723.9K
$633.4K – $844.5K
NOI $50,671 @ 7.0% cap · market cap 13.51%
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 - Historic camelback-style duplex offers separately metered units, private fenced yards, and needs some work.
Where is this duplex located?
The property is located at 2225-27 Baronne Street New Orleans, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Historic camelback‑style duplex built in 1900 with 6 bedrooms and 4 total baths (2 full, 2 partial); Two separately metered residences; tenants pay their own water, electric, and gas; Each unit includes a private, fenced yard
