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    Renovation-Ready Duplex with Bay Front Title is generated by Realmo AI

    2029 BROADWAY Street, New Orleans, LA 70118

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    Claim this Listing
    New
    For Sale
    $419,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    2,368 SF
    Price / SF:
    $176/SF
    Added:
    Jul 7, 2026
    Days on Market:
    2
    Last Refresh:
    Jul 8 at 11:06 pm

    Property Features for 2029 BROADWAY Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Driveway
    Standard status
    Active
    APN
    615311704
    Size
    2,368 SF

    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!

    Contact an agent
    Jeffery Melancon
    Jeffery Melancon

    Listing agent Jeffery Melancon

    Listing office RE/MAX Synergy 1904 Ormond Blvd.#101, Destrehan, LA

    Listing date Jul 7, 2026

    MLS# 2566525 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

    • Classic New Orleans Craftsman‑style duplex built in 1935, sold as‑is, where‑is (cash or renovation financing only)
    • Central heat and central air conditioning
    • Roof is shingle; water service is public
    • Driveway parking
    • Renovation head start: kitchen includes white shaker cabinetry, quartz countertops/backsplash, and a farmhouse sink
    • Renovation head start: bathrooms feature floor‑to‑ceiling marble tile, new glass‑enclosed tub/showers, and dual‑sink vanities

    Overview

    This Craftsman-style duplex is being offered for sale strictly as-is, where-is, with a renovation already underway. The home features a striking bay-front facade, decorative gable dormer, and double entry doors opening into a bright foyer with soaring ceilings. Original hardwood floors run through the main living areas and bedrooms, and an enclosed sunporch at the front adds flexible bonus space with original windows and built-in shelving.

    The current renovation progress includes a kitchen with white shaker cabinetry, quartz countertops and backsplash, and a farmhouse sink already installed. The bathrooms have floor-to-ceiling marble tile and new glass-enclosed tub/showers, along with dual-sink vanities, each ready for a buyer to finish according to their preferences.

    Located at 2029 Broadway Street in New Orleans, the property is described as being close to neighborhood coffee shops and restaurants. For investors or owner-occupants with a contractor, this layout offers a clear starting point for completing the work to your own specifications, while retaining original character features such as the heart pine flooring and period details. The seller is offering the property as-is, cash or renovation financing only.

    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 $46.9k $19.80
    − Vacancy −$4.1k −$1.71
    EGI $42.8k $18.09
    − OpEx −$12.9k −$5.43
    NOI $30.0k $12.66
    2,368 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $428.4K
    $374.8K – $499.8K (±1% cap)
    NOI $29,985 @ 7.0% cap · market cap 7.16%
    Second Best
    Apartment 5plus
    $393.7K
    $344.5K – $459.4K (±1% cap)
    NOI $27,561 @ 7.0% cap · market cap 6.58%
    Theoretical Best
    Office A
    $601.9K
    $526.6K – $702.2K (±1% cap)
    NOI $42,131 @ 7.0% cap · market cap 10.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Dental Office Nail Salon Spa & Massage Center Law Firm Hair Salon Parking Lot & Garage Computer & Electronic Repair HVAC Service Food Market Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.117255
    Latitude
    29.94908

    FAQs

    What type of property is this?
    Duplex - Duplex with original hardwood features and a kitchen and bath renovation already started—sold as-is for contractor-driven completion.
    Where is this duplex located?
    The property is located at 2029 BROADWAY Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $419,000.
    What are key features of this property?
    This property features: Classic New Orleans Craftsman‑style duplex built in 1935, sold as‑is, where‑is (cash or renovation financing only); Central heat and central air conditioning; Roof is shingle; water service is public
    More about this property
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