Duplex Short-Term Rental
2009-11 North Claiborne Avenue New Orleans, LA 70116
For Sale
$575,000
Turnkey duplex with two short-term rental units, each offering three bedrooms and in-unit laundry plus on-site parking.
Property Size2,106 SF
Price / SF$273.03
Days on Market563
Property Features for 2009-11 North Claiborne Avenue
General Information
- Standard status
- Active
- Size
- 2,106 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1992
Listing Agency:
The McEnery Company
(504) 510-2856
Listed By:
S. Parkerson McEnery · License #995695203
(504) 510-2856
Source:
Compass
Added: Jan 6, 2025
Changed: Jul 23
Last Checked: Jul 23 at 6:14PM
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 The McEnery Company
Investment Insights
Based on property information with market context.
This duplex includes two separate short-term rental units. Each unit offers three bedrooms and two bathrooms, with spacious living areas and modern kitchens. On-site conveniences include air-conditioning and in-unit laundry, and the property notes free WiFi and free on-site parking.
The property is located at 2009-11 North Claiborne Avenue in New Orleans, with proximity to Caesars Superdome and the French Quarter, and it is described as approximately 16 miles from Louis Armstrong International Airport.
Offered for sale as a turnkey investment with fully licensed short-term rental units, the duplex provides a duplex configuration well suited for an owner looking to operate vacation rentals across two self-contained spaces.
The property is located at 2009-11 North Claiborne Avenue in New Orleans, with proximity to Caesars Superdome and the French Quarter, and it is described as approximately 16 miles from Louis Armstrong International Airport.
Offered for sale as a turnkey investment with fully licensed short-term rental units, the duplex provides a duplex configuration well suited for an owner looking to operate vacation rentals across two self-contained spaces.
Key Highlights
- 1‑story wood‑siding duplex built in 1992 with pillar/post/pier foundation
- Two fully licensed short‑term rental units, each with 3 bedrooms and 2 full bathrooms
- Central air and central heating for the duplex
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 | $41.7k | $19.80 |
| − Vacancy | −$3.6k | −$1.71 |
| EGI | $38.1k | $18.09 |
| − OpEx | −$11.4k | −$5.43 |
| NOI | $26.7k | $12.66 |
2,106 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.0K
$333.3K – $444.5K
NOI $26,667 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$350.2K
$306.4K – $408.5K
NOI $24,511 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$535.3K
$468.4K – $624.5K
NOI $37,469 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex with two short-term rental units, each offering three bedrooms and in-unit laundry plus on-site parking.
Where is this duplex located?
The property is located at 2009-11 North Claiborne Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1‑story wood‑siding duplex built in 1992 with pillar/post/pier foundation; Two fully licensed short‑term rental units, each with 3 bedrooms and 2 full bathrooms; Central air and central heating for the duplex
