Renovated Duplex with Private
2033-35 Governor Nicholls Street New Orleans, LA 70116
2033-35 Governor Nicholls Street, New Orleans, LA, 70116
$449,000
For Sale
$449,000
Renovated duplex offers two residences, each with 3 bedrooms and 2 full baths, plus private entrances and off-street parking.
Property Size2,258 SF
Price / SF$198.85
Days on Market25
Property Features for 2033-35 Governor Nicholls Street
General Information
- Standard status
- Active
- Size
- 2,258 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2006
Listing agency
Keller Williams Realty New Orleans
(504) 300-5179
Listed by
Brittany Picolo · License #995687117
(504) 300-5179
Source
Compass
Added: Jun 28 Updated: Jul 21 at 1:57PM Checked: Jul 22 at 7:24AM
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 New Orleans
Investment Insights
Based on property information with market context.
This renovated duplex contains two separate residences under one roof, with each unit featuring 3 bedrooms and 2 full bathrooms. Both units offer private entrances and open-concept layouts, with designer finishes including luxury vinyl plank flooring, recessed lighting, crown molding, and abundant natural light. Kitchens include custom cabinetry to the ceiling, quartz countertops and full-height quartz backsplashes, stainless steel appliances, brushed gold hardware, and spacious breakfast bars. Bathrooms feature tiled walk-in showers and contemporary vanities with premium fixtures.
The first-floor unit includes a custom walk-in closet in the primary suite, while the second-floor unit has a front balcony. Additional features include a private rear deck, separate laundry areas, off-street parking, and low-maintenance landscaping.
Located at 2033–35 Governor Nicholls Street in New Orleans, the property is described as being in an X flood historic New Orleans setting and is positioned near local restaurants, coffee shops, entertainment, parks, and other city attractions, with access to the French Quarter noted as about 5 minutes away.
The first-floor unit includes a custom walk-in closet in the primary suite, while the second-floor unit has a front balcony. Additional features include a private rear deck, separate laundry areas, off-street parking, and low-maintenance landscaping.
Located at 2033–35 Governor Nicholls Street in New Orleans, the property is described as being in an X flood historic New Orleans setting and is positioned near local restaurants, coffee shops, entertainment, parks, and other city attractions, with access to the French Quarter noted as about 5 minutes away.
Key Highlights
- Renovated 2‑story duplex built in 2006 with central heating and central air
- 4 full bathrooms total: 6 bedrooms across both units (3 bedrooms and 2 full baths per residence)
- Each unit includes a private entrance and in‑unit laundry
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 | $44.7k | $19.80 |
| − Vacancy | −$3.9k | −$1.71 |
| EGI | $40.8k | $18.09 |
| − OpEx | −$12.3k | −$5.43 |
| NOI | $28.6k | $12.66 |
2,258 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$408.5K
$357.4K – $476.5K
NOI $28,592 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$375.4K
$328.5K – $438.0K
NOI $26,280 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$573.9K
$502.2K – $669.6K
NOI $40,174 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated duplex offers two residences, each with 3 bedrooms and 2 full baths, plus private entrances and off-street parking.
Where is this duplex located?
The property is located at 2033-35 Governor Nicholls Street New Orleans, LA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Renovated 2‑story duplex built in 2006 with central heating and central air; 4 full bathrooms total: 6 bedrooms across both units (3 bedrooms and 2 full baths per residence); Each unit includes a private entrance and in‑unit laundry
