Two-Unit Duplex
For Sale
$210,000
1333 31 Elmira Ave, New Orleans, LA 70114
New Orleans duplex with matching two-bedroom, one-bath units and flexible occupancy potential.
Property Size1,456 SF
Price / SF$144.23
Days on Market67
Property Features for 1333 31 Elmira Ave
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1937
Buildings
1
Listing Agency:
Samantha Bush Real Estate Services LLC
Listed By:
Samantha Bush · License #995692155
(504) 575-8986
Source:
Fiorellaavenue
Added: Aug 1
Changed: Sep 5
Last Checked: Oct 5 at 11:11PM
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 Samantha Bush Real Estate Services LLC
Investment Insights
Based on property information with market context.
This New Orleans duplex contains two separate units, each configured with two bedrooms and one bathroom. The property provides 1,456 square feet of building area and was constructed in 1937, offering a straightforward two-unit layout for residential occupancy or rental use.
Each side follows the same bedroom and bathroom count, giving the building a consistent configuration across both units. Its duplex format supports a range of ownership arrangements, including occupying one unit while leasing the other or operating both as rental units.
Each side follows the same bedroom and bathroom count, giving the building a consistent configuration across both units. Its duplex format supports a range of ownership arrangements, including occupying one unit while leasing the other or operating both as rental units.
Key Highlights
- Two‑unit duplex in New Orleans
- Each unit includes 2 bedrooms and 1 bathroom
- 1,456 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,437
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,740
$368.7K
Cap Rate 7%
$263,386
$263.4K
Cap Rate 9%
$204,856
$204.9K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$28.8K $19.80/SF
− Vacancy
−$2.5K −$1.71/SF
EGI
$26.3K $18.09/SF
− OpEx
−$7.9K −$5.43/SF
NOI
$18.4K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,740
Cap Rate 7%
$263,386
Cap Rate 9%
$204,856
Alternative Uses
Best Use
Multifamily LT 5
$263.4K
$230.5K – $307.3K
NOI $18,437 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$242.1K
$211.8K – $282.4K
NOI $16,946 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$370.1K
$323.8K – $431.8K
NOI $25,905 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - New Orleans duplex with matching two-bedroom, one-bath units and flexible occupancy potential.
Where is this duplex located?
The property is located at 1333 31 Elmira Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex in New Orleans; Each unit includes 2 bedrooms and 1 bathroom; 1,456 square feet of building area
