Duplex with Off-Street
New
For Sale
$475,000
2109 COLUMBUS Street, New Orleans, LA 70119
Multi-Family, Arts and Crafts, New Orleans, LA
Property Size2,572 SF
Price / SF$184.68
Days on Market4
Property Features for 2109 COLUMBUS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
Amenities
brick fireplaces
hardwood floors
tall ceilings
front porch
fenced yard
in-unit washers and dryers
off-street parking
Building Details
Year built
1931
Floors in Building
1
Number of units
2
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Adrienne LaBauve
(504) 344-0877
Added: Sep 7
Last Checked: Sep 10 at 5:06AM
MLS# 2575448
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 2,572-square-foot duplex, built in 1931, contains two residences with a combined five bedrooms and four full bathrooms. One unit offers three bedrooms and two bathrooms, while the other includes two bedrooms and two bathrooms. Both sides feature tall ceilings, hardwood flooring, brick fireplaces, wood trim, open kitchen-to-living layouts, updated bathrooms, and in-unit washers and dryers. A new FORTIFIED roof, central heating, central air, asphalt shingle roofing, public water, and a fenced yard add to the property’s functional appeal.
Outdoor features include a classic front porch and off-street parking created by the key-lot configuration. The property is in New Orleans, near the Fairgrounds, City Park, restaurants, and cafes, with access to area amenities within minutes.
Outdoor features include a classic front porch and off-street parking created by the key-lot configuration. The property is in New Orleans, near the Fairgrounds, City Park, restaurants, and cafes, with access to area amenities within minutes.
Key Highlights
- 2,572‑square‑foot duplex built in 1931
- Five bedrooms and four full bathrooms across two units
- Unit mix includes 3BR/2BA and 2BR/2BA residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,568
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible occupancy, outdoor space, and in-unit laundry on both sides.
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: 2,572‑square‑foot duplex built in 1931; Five bedrooms and four full bathrooms across two units; Unit mix includes 3BR/2BA and 2BR/2BA residences
