Renovation-Ready Duplex with Bay
2029 BROADWAY Street New Orleans, LA 70118
2029 BROADWAY Street, New Orleans, LA, 70118
$419,000
For Sale
$419,000
MULTI_FAMILY - New Orleans, LA
Property Size2,368 SF
Price / SF$176.94
Days on Market12
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 Agency
RE/MAX Synergy
(985) 307-1367
1904 Ormond Blvd.#101, Destrehan, LA
Listed by
Jeffery Melancon
(985) 307-1367
Added: Jul 7 Checked: Jul 18 at 6:06 am
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.
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
NOI $29,985 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$393.7K
$344.5K – $459.4K
NOI $27,561 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$601.9K
$526.6K – $702.2K
NOI $42,131 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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
