2029 BROADWAY Street, New Orleans, LA 70118
- 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
Listing agent Jeffery Melancon (985) 307-1367
Listing office RE/MAX Synergy 1904 Ormond Blvd.#101, Destrehan, LA (985) 307-1367
Listing date Jul 7, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.117255
- Latitude
- 29.94908