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    New Orleans Multifamily Investment Property Title is generated by Realmo AI

    1908-10 BROADWAY Street, New Orleans, LA 70118

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    For Sale
    $489,900

    MULTI_FAMILY - New Orleans, LA

    Property size:
    2,743 SF
    Price / SF:
    $178/SF
    Added:
    Mar 10, 2026
    Days on Market:
    95
    Last Refresh:
    Jun 12 at 7:06 am

    Property Features for 1908-10 BROADWAY Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Driveway, Off Street
    Patio and Porch features
    Porch
    Exterior features
    Fence, Porch
    Fencing
    Fenced
    Standard status
    Active
    APN
    615311307
    Size
    2,743 SF

    Taxes and HOA fees

    Tax Description
    FRIBURG SQ 39 LOT C BROADWAY 35X103 1908-10 BROADWAY DUP-W SALE + 2004 PERMIT FILE #84520 10/02

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1935
    Floors in Building
    2
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Traci Bird Kestler

    Listing agent Traci Bird Kestler

    Listing office Pintat Realty LLC 208 Moss Bayou Lane, Kenner, LA

    Listing date Mar 10, 2026

    MLS# 2530811 Listing URL

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Enjoy a solid 6% capitalization rate.
    • All major systems replaced: new wiring, copper pipe, windows, sewer, and central HVAC.
    • Two units: 1908 (3 bed, 1.5 bath, larger yard) and 1910 (3 bed, 1 bath, balcony, private patio).
    • Separate water and electric meters for each unit.
    • Separate laundry for each unit in outdoor building.
    • Off‑street parking with driveway for 2 vehicles.

    Overview

    This multifamily property in New Orleans features two units. Unit 1908 is the lower unit, offering three bedrooms and 1.5 bathrooms, and includes a larger yard with some grass. Unit 1910 is the upper unit, which includes a balcony and a private patio in the backyard, and features three bedrooms and one bathroom. Each unit has its own separate laundry area in an outdoor building. The property has new wiring throughout, copper pipe installed, new windows, and a new sewer system. Central HVAC has been installed, with the 1908 HVAC unit being approximately 1.5 years old. Gas has been capped off but is available. All systems are electric. Separate water and electric meters are in place, with tenants responsible for utilities. Both units feature all flooring (wood and tile). The kitchens are spacious, and all rooms are described as spacious. The property is not a shotgun style layout. A driveway provides off-street parking for two vehicles, which tenants can share. The property size is approximately 2743 square feet. The property offers a 6% capitalization rate.

    Local 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 $54.3k $19.80
    − Vacancy −$4.7k −$1.71
    EGI $49.6k $18.09
    − OpEx −$14.9k −$5.43
    NOI $34.7k $12.66
    2,743 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $496.2K
    $434.2K – $578.9K (±1% cap)
    NOI $34,733 @ 7.0% cap · market cap 7.09%
    Second Best
    Apartment 5plus
    $456.1K
    $399.1K – $532.1K (±1% cap)
    NOI $31,925 @ 7.0% cap · market cap 6.52%
    Theoretical Best
    Office A
    $697.2K
    $610.0K – $813.4K (±1% cap)
    NOI $48,803 @ 7.0% cap · market cap 9.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.118576
    Latitude
    29.948204

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    FAQs

    What type of property is this?
    Duplex - Multifamily property with replaced systems and separate utilities in New Orleans.
    Where is this duplex located?
    The property is located at 1908-10 BROADWAY Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $489,900.
    What are key features of this property?
    This property features: Enjoy a solid 6% capitalization rate.; All major systems replaced: new wiring, copper pipe, windows, sewer, and central HVAC.; Two units: 1908 (3 bed, 1.5 bath, larger yard) and 1910 (3 bed, 1 bath, balcony, private patio).
    (504) 468-7224
    We can help!
    Listing Contact
    Traci Bird Kestler
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