New Orleans Multifamily Income
For Sale
$475,000
2109 COLUMBUS Street, New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
Property Size2,572 SF
Price / SF$184.68
Days on Market136
Property Features for 2109 COLUMBUS Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Lot features
Irregular
Standard status
Active
APN
37W202102
Size
2,572 SF
Taxes and HOA fees
Tax Description
SQ 1044 LOT PT A
Legal Description
SQ 1044 LOT PT A
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1931
Floors in Building
1
Number of units
2
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Adrienne LaBauve
(337) 522-7554
Added: Mar 18
Changed: Jul 30
Last Checked: Jul 31 at 1:06AM
MLS# 2545454
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 well-maintained duplex features a new fortified roof and blends historic charm with modern comfort. The property contains a total of 5 bedrooms and 4 full baths, with one unit offering 3 bedrooms and 2 bathrooms, and the other providing 2 bedrooms and 2 bathrooms. This setup is suitable for owner-occupants, investors, or those seeking flexible living space with income potential. Both units include spacious living areas with tall ceilings and hardwood floors. The open-concept kitchens connect to dining and living spaces. Each side features generously sized bedrooms, updated bathrooms, and elegant finishes. Brick fireplaces and wood trim add a New Orleans touch. Outdoor spaces include a front porch and a fenced yard. A key lot provides off-street parking. In-unit washers and dryers are present on both sides. Located near the Fairgrounds, City Park, and local restaurants and cafes, this property offers access to city amenities. The property size is 2572 square feet.
Key Highlights
- Income‑generating double with flexible living space: Ideal for owner‑occupants or investors.
- Brand new FORTIFIED ROOF.
- Rare off‑street parking on a key lot.
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 | $50.9k | $19.80 |
| − Vacancy | −$4.4k | −$1.71 |
| EGI | $46.5k | $18.09 |
| − OpEx | −$14.0k | −$5.43 |
| NOI | $32.6k | $12.66 |
2,572 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,287
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-generating duplex near Fairgrounds and City Park.
Where is this duplex located?
The property is located at 2109 COLUMBUS Street 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: Income‑generating double with flexible living space: Ideal for owner‑occupants or investors.; Brand new FORTIFIED ROOF.; Rare off‑street parking on a key lot.
