Duplex with Front
For Sale
$210,000
1333-31 Elmira Avenue, New Orleans, LA 70114
Two residential units provide a flexible layout for an owner occupant or rental-focused buyer.
Property Size1,456 SF
Price / SF$144.23
Days on Market313
Property Features for 1333-31 Elmira Avenue
General Information
Standard status
Active
Size
1,456 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
Central Air
Central
1
2
4
Asphalt
Pillar/Post/Pier
Vinyl Siding
Porch
Building Details
Year Built
1937
Listing Agency:
Samantha Bush Real Estate Services LLC
Listed By:
Samantha Bush · License #995692155
(504) 575-8986
Source:
Compass
Added: Dec 11, 2025
Changed: Oct 16
Last Checked: Oct 19 at 8:40AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1456 SF arranged as two residential units, with each side offering 2 bedrooms and 1 bathroom. The property includes central air, vinyl siding, a porch, asphalt exterior features, and pillar/post/pier construction. Built in 1937, the building presents a defined two-unit configuration for residential occupancy.
Located at 1333-31 Elmira Avenue in New Orleans, Louisiana, the property is identified within ZIP code 70114. Its separate unit layout supports the option of occupying one side while renting the other, subject to the buyer’s intended use and applicable requirements.
Located at 1333-31 Elmira Avenue in New Orleans, Louisiana, the property is identified within ZIP code 70114. Its separate unit layout supports the option of occupying one side while renting the other, subject to the buyer’s intended use and applicable requirements.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom on each side
- 1456 SF total property size
- Central air included
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide a flexible layout for an owner occupant or rental-focused buyer.
Where is this duplex located?
The property is located at 1333-31 Elmira Avenue 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 with 2 bedrooms and 1 bathroom on each side; 1456 SF total property size; Central air included
