Shotgun Duplex with Front
For Sale
$410,000
2032 CADIZ Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size1,900 SF
Price / SF$215.79
Days on Market128
Property Features for 2032 CADIZ Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Patio and Porch features
Porch
Directions
Napoleon Ave. toward the river, right on South Saratoga, left on Cadiz
Standard status
Active
APN
618308702
Size
1,900 SF
Taxes and HOA fees
Tax Description
SQ 498 PT LOTS X 19 Cadiz 36x90 2032-34 Cadiz
Legal Description
SQ 498 PT LOTS X 19 Cadiz 36x90 2032-34 Cadiz
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Multi Units
Water source
Public
Amenities
front porch
high ceilings
crown molding
wood floors
can lighting
ceiling fans
in unit laundry
tankless hot water heater
fenced
patio area
Building Details
Year built
1922
Number of units
2
Building materials
HardiPlank Type, Wood Siding
Architectural style
Shotgun
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Lynn S Morgan · License #000021015
(504) 473-8320
Added: Jun 18
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2563403
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,900-square-foot shotgun duplex, built in 1922, has two sides with wood floors, high ceilings, crown molding, and a front porch. Electrical updates include can lighting and ceiling fans. Both units have in-unit laundry, tankless water heaters, and new appliances other than the stoves; one side also has a new bathroom. The roof was recently replaced with a fortified roof, and foundation beams have been replaced. The property has central heating and central air, along with a fenced patio area.
Freret restaurants and shops, Trader Joe’s, Charlie’s Steakhouse, Pascal’s Manale, and the St. Charles Avenue streetcar are within walking distance.
Freret restaurants and shops, Trader Joe’s, Charlie’s Steakhouse, Pascal’s Manale, and the St. Charles Avenue streetcar are within walking distance.
Key Highlights
- Two‑unit shotgun property totaling 1,900 square feet
- Both units have in‑unit laundry and tankless water heaters
- Recently replaced fortified roof and replacement of foundation beams
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,331
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,620
$326.6K
Cap Rate 7%
$233,300
$233.3K
Cap Rate 9%
$181,456
$181.5K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$25.5K $13.44/SF
− Vacancy
−$2.2K −$1.16/SF
EGI
$23.3K $12.28/SF
− OpEx
−$7.0K −$3.68/SF
NOI
$16.3K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,620
Cap Rate 7%
$233,300
Cap Rate 9%
$181,456
Alternative Uses
Best Use
Multifamily LT 5
$233.3K
$204.1K – $272.2K
NOI $16,331 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$206.8K
$181.0K – $241.3K
NOI $14,477 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$501.3K
$438.6K – $584.8K
NOI $35,089 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,496
Businesses Nearby
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Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include in-unit laundry, central heating and cooling, and updated electrical systems.
Where is this duplex located?
The property is located at 2032 CADIZ Street New Orleans, LA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two‑unit shotgun property totaling 1,900 square feet; Both units have in‑unit laundry and tankless water heaters; Recently replaced fortified roof and replacement of foundation beams
