Two-Unit Craftsman
For Sale
$475,000
2109 COLUMBUS Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size2,572 SF
Price / SF$184.68
Days on Market49
Property Features for 2109 COLUMBUS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Patio and Porch features
Porch
Lot features
Irregular Lot
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
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
brick fireplaces
front porch
fenced yard
in-unit washers and dryers
Building Details
Year built
1931
Number of units
2
Building materials
Stucco
Architectural style
Craftsman
Buildings
1
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Adrienne G LaBauve · License #995684424
(504) 344-0877
Added: Sep 7
Changed: Oct 24
Last Checked: Oct 25 at 7:06PM
MLS# 2575448
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.
Built in 1931, this 2,572-square-foot Craftsman duplex contains two residences: one with three bedrooms and two full bathrooms, and the other with two bedrooms and two full bathrooms. Both units have open kitchen, dining, and living areas, hardwood flooring, high ceilings, brick fireplaces, and wood trim. Central heating and air conditioning serve the property, and each residence includes a washer and dryer. A newly installed FORTIFIED roof is among the building’s recent features.
Outdoor features include a front porch, fenced yard, and off-street parking. The property is near the Fairgrounds, City Park, and local restaurants and cafes. Stucco construction, public water, and public sewer complete the property’s core details.
Outdoor features include a front porch, fenced yard, and off-street parking. The property is near the Fairgrounds, City Park, and local restaurants and cafes. Stucco construction, public water, and public sewer complete the property’s core details.
Key Highlights
- Two residences with a 3‑bedroom/2‑bath and a 2‑bedroom/2‑bath layout
- 2,572 square feet; built in 1931
- New FORTIFIED roof
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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Open Analytics
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
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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 - Separate residences provide three-bedroom and two-bedroom layouts, each with two full baths.
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: Two residences with a 3‑bedroom/2‑bath and a 2‑bedroom/2‑bath layout; 2,572 square feet; built in 1931; New FORTIFIED roof
