Shotgun Double
2032-34 Cadiz Street New Orleans, LA 70115
2032-34 Cadiz Street, New Orleans, LA, 70115
$430,000
For Sale
$430,000
Each side features in-unit laundry, a tankless hot water heater, and updates including ceiling fans and lighting.
Property Size1,900 SF
Price / SF$226.32
Days on Market40
Property Features for 2032-34 Cadiz Street
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1922
Listing agency
KELLER WILLIAMS REALTY 455-0100
(504) 473-8320
Listed by
Lynn Morgan · License #000021015
(504) 473-8320
Source
Compass
Added: Jun 13 Updated: Jul 21 at 11:03PM Checked: Jul 22 at 7:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This shotgun double duplex offers a classic, high-ceiling layout with architectural exterior details, crown molding, and wood floors. Updates include can lighting and ceiling fans, and each side has in-unit laundry served by a tankless hot water heater. 2034 includes a newly updated bathroom, and both sides have newer appliances except for the stoves.
The property includes fenced outdoor space with chain link along the side alleys and a recently replaced rear fence for added privacy in the patio area. The roof has been recently replaced, and foundation beams were replaced by Orleans Shoring.
A buyer may consider either investment use or owner occupancy, with two separate units in a single duplex configuration.
The property includes fenced outdoor space with chain link along the side alleys and a recently replaced rear fence for added privacy in the patio area. The roof has been recently replaced, and foundation beams were replaced by Orleans Shoring.
A buyer may consider either investment use or owner occupancy, with two separate units in a single duplex configuration.
Key Highlights
- Shotgun double with 2 bedrooms and 2 full bathrooms; central HVAC with central heating and central air
- Each side includes in‑unit laundry and a tankless hot water heater
- Renovation updates include can lighting and ceiling fans; original high ceilings, crown molding, and wood floors
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 | $25.5k | $13.44 |
| − Vacancy | −$2.2k | −$1.16 |
| EGI | $23.3k | $12.28 |
| − OpEx | −$7.0k | −$3.68 |
| NOI | $16.3k | $8.60 |
1,900 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$233.3K
$204.1K – $272.2K
NOI $16,331 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$206.8K
$181.0K – $241.3K
NOI $14,477 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$501.3K
$438.6K – $584.8K
NOI $35,089 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each side features in-unit laundry, a tankless hot water heater, and updates including ceiling fans and lighting.
Where is this duplex located?
The property is located at 2032-34 Cadiz Street New Orleans, LA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Shotgun double with 2 bedrooms and 2 full bathrooms; central HVAC with central heating and central air; Each side includes in‑unit laundry and a tankless hot water heater; Renovation updates include can lighting and ceiling fans; original high ceilings, crown molding, and wood floors
