Two-Unit Income
1908-10 BROADWAY Street New Orleans, LA 70118
1908-10 BROADWAY Street, New Orleans, LA, 70118
$469,900
For Sale
$469,900
MULTI_FAMILY - New Orleans, LA
Property Size2,743 SF
Price / SF$171.31
Days on Market131
Property Features for 1908-10 BROADWAY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Driveway
- 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
Listing Agency
Pintat Realty LLC
(504) 451-5443
208 Moss Bayou Lane, Kenner, LA
Listed by
Traci Bird Kestler
(504) 468-7224
Added: Mar 10 Checked: Jul 18 at 5:06 am
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.
Investment Insights
Based on property information with market context.
This for-sale two-unit duplex offers two residential units with spacious room layouts and updated interior finishes. The lower unit (1908) features three bedrooms and 1.5 bathrooms and includes a larger yard with some grass. The upper unit (1910) offers three bedrooms and 1 bathroom, along with a balcony and a private patio in the back yard. Both units have flooring that includes wood and tile, and the kitchens are described as large. Each unit also has access to its own separate laundry area in the outdoor building. Updates reported by the owner include replacement of major systems at purchase, with new wiring throughout, copper piping, new windows, new sewer, and central HVAC. The gas has been capped off but is stated as available, and tenants are responsible for utilities.
The property includes separate water and electric meters for the two units. There is one driveway for off-street parking for two vehicles, and tenants can share the driveway. Measurements are approximate.
For buyers or operators seeking a small residential income asset, the duplex configuration and tenant-billed utilities (with separate meters) can simplify utility administration. The reported system replacements, central heating and air, and private outdoor features for each unit may be attractive to prospective tenants who want dedicated outdoor space and practical in-home comforts.
The property includes separate water and electric meters for the two units. There is one driveway for off-street parking for two vehicles, and tenants can share the driveway. Measurements are approximate.
For buyers or operators seeking a small residential income asset, the duplex configuration and tenant-billed utilities (with separate meters) can simplify utility administration. The reported system replacements, central heating and air, and private outdoor features for each unit may be attractive to prospective tenants who want dedicated outdoor space and practical in-home comforts.
Key Highlights
- Over 6% capitalization rate (see photo)
- Two‑unit property built in 1935 with separate water and electric meters
- Each unit has central A/C and central heat; tenants are responsible for utilities
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
NOI $34,733 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$456.1K
$399.1K – $532.1K
NOI $31,925 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$697.2K
$610.0K – $813.4K
NOI $48,803 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with separate meters and central HVAC for each unit, supporting tenant-managed utilities.
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 $469,900.
What are key features of this property?
This property features: Over 6% capitalization rate (see photo); Two‑unit property built in 1935 with separate water and electric meters; Each unit has central A/C and central heat; tenants are responsible for utilities
