Duplex with Off-Street
For Sale
$475,000
2109 11 Columbus St, New Orleans, LA 70119
Two-unit property with flexible bedroom layouts, updated baths, fenced outdoor space, and in-unit laundry on both sides.
Property Size2,572 SF
Price / SF$184.68
Days on Market48
Property Features for 2109 11 Columbus St
General Information
Standard status
Active
Size
2,572 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
St. Roch
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
brick fireplaces
in-unit washer/dryer
front porch
fenced yard
Building Details
Year Built
1931
Listing Agency:
United Real Estate Partners LLC
(504) 305-4930
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 24 at 4:33PM
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 United Real Estate Partners LLC
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Investment Insights
Based on property information with market context.
Built in 1931, this 2,572-square-foot duplex contains two residences with a combined five bedrooms and four full bathrooms. One side offers a 3-bedroom, 2-bath layout, while the other provides 2 bedrooms and 2 baths. Both units include spacious living and dining areas, open kitchens, hardwood floors, tall ceilings, brick fireplaces, wood trim, updated bathrooms, and in-unit washers and dryers. A new FORTIFIED roof adds a significant recent improvement.
Outdoor features include a classic front porch, fenced yard, and off-street parking created by the key-lot configuration. The property is located near the Fairgrounds and City Park, with local restaurants and cafés nearby. Its separate unit layouts and on-site conveniences support a range of residential ownership and occupancy arrangements.
Outdoor features include a classic front porch, fenced yard, and off-street parking created by the key-lot configuration. The property is located near the Fairgrounds and City Park, with local restaurants and cafés nearby. Its separate unit layouts and on-site conveniences support a range of residential ownership and occupancy arrangements.
Key Highlights
- 2,572 SF duplex built in 1931
- Five bedrooms and four full baths across two units
- Unit mix includes 3BR/2BA and 2BR/2BA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,568
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,360
$651.4K
Cap Rate 7%
$465,257
$465.3K
Cap Rate 9%
$361,867
$361.9K
Market Conditions
NOI Build-Up for 2,572 SF
Gross rent
$50.9K $19.80/SF
− Vacancy
−$4.4K −$1.71/SF
EGI
$46.5K $18.09/SF
− OpEx
−$14.0K −$5.43/SF
NOI
$32.6K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,360
Cap Rate 7%
$465,257
Cap Rate 9%
$361,867
Alternative Uses
Best Use
Multifamily LT 5
$465.3K
$407.1K – $542.8K
NOI $32,568 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$427.6K
$374.2K – $498.9K
NOI $29,935 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$673.0K
$588.9K – $785.2K
NOI $47,111 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,454
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with flexible bedroom layouts, updated baths, fenced outdoor space, and in-unit laundry on both sides.
Where is this duplex located?
The property is located at 2109 11 Columbus St New Orleans, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,572 SF duplex built in 1931; Five bedrooms and four full baths across two units; Unit mix includes 3BR/2BA and 2BR/2BA
