Duplex with Private Fenced
For Sale
$230,000
2427 29 S Robertson St, New Orleans, LA 70113
Two-bedroom layouts, refreshed systems, and flexible owner-occupant or rental use define this Central City property.
Property Size1,652 SF
Price / SF$139.23
Days on Market31
Property Features for 2427 29 S Robertson St
General Information
Standard status
Active
Size
1,652 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
fenced rear yard
Building Details
Year Built
1976
Construction
shotgun double
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
Listed By:
Sandy Duplessis · License #99562625
(504) 756-7136
Source:
Fiorellaavenue
Added: Sep 5
Changed: Sep 30
Last Checked: Oct 4 at 11:07AM
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each arranged with 2 bedrooms and 1 bathroom. The 1,652-square-foot property includes high ceilings, selected original hardwood flooring, updated windows, and remodeled bathrooms. One residence received a comprehensive interior renovation in 2019, including new framing, insulation, drywall, kitchen cabinetry, and bathroom work. Each side also has its own fenced rear yard.
Major property updates include a new roof and exterior paint completed in 2021, an updated electrical system from 2019, and drain-line replacement and rerouting in 2020. The 2427 side has central heat, while both residences use newer window units for cooling. Current tenants occupy the units on month-to-month terms and would like to remain. The property is in Central City with Interstate access and proximity to the French Quarter and Uptown. It is classified as Flood Zone X.
Major property updates include a new roof and exterior paint completed in 2021, an updated electrical system from 2019, and drain-line replacement and rerouting in 2020. The 2427 side has central heat, while both residences use newer window units for cooling. Current tenants occupy the units on month-to-month terms and would like to remain. The property is in Central City with Interstate access and proximity to the French Quarter and Uptown. It is classified as Flood Zone X.
Key Highlights
- 1,652 SF duplex with two separate residences
- Each side includes 2 bedrooms and 1 bathroom
- Private, fenced‑in rear yard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,918
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,360
$418.4K
Cap Rate 7%
$298,829
$298.8K
Cap Rate 9%
$232,422
$232.4K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$32.7K $19.80/SF
− Vacancy
−$2.8K −$1.71/SF
EGI
$29.9K $18.09/SF
− OpEx
−$9.0K −$5.43/SF
NOI
$20.9K $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%
$418,360
Cap Rate 7%
$298,829
Cap Rate 9%
$232,422
Alternative Uses
Best Use
Multifamily LT 5
$298.8K
$261.5K – $348.6K
NOI $20,918 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$274.7K
$240.3K – $320.5K
NOI $19,227 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$419.9K
$367.4K – $489.9K
NOI $29,392 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
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 - Two-bedroom layouts, refreshed systems, and flexible owner-occupant or rental use define this Central City property.
Where is this duplex located?
The property is located at 2427 29 S Robertson St New Orleans, LA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,652 SF duplex with two separate residences; Each side includes 2 bedrooms and 1 bathroom; Private, fenced‑in rear yard for each residence
