Updated Two-Unit
For Sale
$429,900
1908-10 Broadway St, New Orleans, LA 70118
Separate three-bedroom residences offer spacious layouts, private outdoor areas, and shared off-street parking.
Property Size2,743 SF
Price / SF$156.73
Days on Market218
Property Features for 1908-10 Broadway St
General Information
Standard status
Active
Size
2,743 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
laundry
balcony
private patio
Building Details
Year Built
1935
Listing Agency:
Pintat Realty LLC
Listed By:
Traci Bird Kestler · License #995684025
(504) 468-7224
Source:
Fiorellaavenue
Added: Mar 17
Changed: Oct 10
Last Checked: Oct 7 at 3:26PM
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 Pintat Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,743-square-foot duplex, built in 1935, contains two separate residences with spacious room layouts and wood and tile flooring throughout. The lower home at 1908 includes three bedrooms, 1.5 baths, and a larger grassed yard. The upper residence at 1910 has three bedrooms, one bath, a balcony, and a private rear patio. Both kitchens are described as large, and each unit has dedicated laundry space in the detached outdoor building.
Major building systems have been replaced, including the wiring, copper plumbing, windows, sewer, and central HVAC. The HVAC serving 1908 is approximately 1.5 years old. The property operates with electric systems; gas service is capped but remains available. A shared driveway provides off-street parking for 2 vehicles.
Major building systems have been replaced, including the wiring, copper plumbing, windows, sewer, and central HVAC. The HVAC serving 1908 is approximately 1.5 years old. The property operates with electric systems; gas service is capped but remains available. A shared driveway provides off-street parking for 2 vehicles.
Key Highlights
- 2,743 SF duplex built in 1935
- Two residences, each with 3 bedrooms
- Lower unit includes 1.5 baths and a larger yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,733
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,660
$694.7K
Cap Rate 7%
$496,186
$496.2K
Cap Rate 9%
$385,922
$385.9K
Market Conditions
NOI Build-Up for 2,743 SF
Gross rent
$54.3K $19.80/SF
− Vacancy
−$4.7K −$1.71/SF
EGI
$49.6K $18.09/SF
− OpEx
−$14.9K −$5.43/SF
NOI
$34.7K $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%
$694,660
Cap Rate 7%
$496,186
Cap Rate 9%
$385,922
Alternative Uses
Best Use
Multifamily LT 5
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$456.1K
$399.1K – $532.1K
NOI $31,925 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$697.2K
$610.0K – $813.4K
NOI $48,803 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate three-bedroom residences offer spacious layouts, private outdoor areas, and shared off-street parking.
Where is this duplex located?
The property is located at 1908-10 Broadway St New Orleans, LA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 2,743 SF duplex built in 1935; Two residences, each with 3 bedrooms; Lower unit includes 1.5 baths and a larger yard
