Duplex with Fenced
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 Market148
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
Amenities
in-unit washer/dryer
brick fireplace
hardwood floors
front porch
fenced yard
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: Aug 8
Last Checked: Aug 12 at 10:06PM
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 duplex offers a flexible layout with a total of 5 bedrooms and 4 full baths, split into 3BR/2BA on one side and 2BR/2BA on the other. Each unit includes spacious living areas with tall ceilings, hardwood floors, and warm architectural details. Open-concept kitchens connect to dining and living spaces for everyday flow and entertaining. The home also features brick fireplaces and rich wood trim, plus outdoor space with a classic front porch and a fenced yard.
The property has brand new FORTIFIED ROOF. Heating and cooling are provided via central systems, and the home is served by public water. In-unit washers and dryers are included on both sides. A key lot provides off-street parking.
Built in 1931, the duplex combines historic character with modern comfort and can suit owner-occupants, investors, or anyone looking for true income-generating flexibility. The home is located just minutes from the Fairgrounds, City Park, and a range of local restaurants and cafes.
The property has brand new FORTIFIED ROOF. Heating and cooling are provided via central systems, and the home is served by public water. In-unit washers and dryers are included on both sides. A key lot provides off-street parking.
Built in 1931, the duplex combines historic character with modern comfort and can suit owner-occupants, investors, or anyone looking for true income-generating flexibility. The home is located just minutes from the Fairgrounds, City Park, and a range of local restaurants and cafes.
Key Highlights
- Total of 5 bedrooms and 4 full baths: 3BR/2BA on one side and 2BR/2BA on the other
- Brand new FORTIFIED ROOF
- Central heating and central air for both sides
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
Property Profile
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
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 - Well-kept duplex with a fenced yard, central HVAC, and in-unit washers and dryers for convenient two-side living.
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: Total of 5 bedrooms and 4 full baths: 3BR/2BA on one side and 2BR/2BA on the other; Brand new FORTIFIED ROOF; Central heating and central air for both sides
