Historic Shotgun
2113-15 S LIBERTY Street New Orleans, LA 70113
For Sale
$259,000
Renovated duplex with two-bedroom, one-bath units, in-unit laundry, and private fenced yards on each side.
Property Size1,624 SF
Price / SF$159.48
Days on Market730
Property Features for 2113-15 S LIBERTY Street
General Information
- Standard status
- Active
- Size
- 1,624 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1909
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 906-1146
Listed By:
Robert Van Meter · License #995681876
(504) 906-1146
Source:
Exitrealty
Added: Jul 25, 2024
Changed: Jul 23
Last Checked: Jul 23 at 5:18PM
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 Berkshire Hathaway HomeServices Preferred, REALTOR
Investment Insights
Based on property information with market context.
This renovated historic shotgun duplex offers two separate residential units, with each side featuring two bedrooms and one bathroom. The units include modern kitchens and updated baths, along with in-unit laundry facilities for added convenience. Interior details include original hardwood floors and tall ceilings, and the windows feature working louvered wood shutters. Each side also has its own private fenced yard.
One side of the duplex is currently tenant occupied, while the other side is vacant with a stated prior monthly rental income history. The property is described as being a short drive to downtown/Superdome and provides easy access to I-10.
The offering includes two residential units within a single duplex structure, each configured similarly with outdoor space, laundry, and finishes intended to balance historic character with modern updates.
One side of the duplex is currently tenant occupied, while the other side is vacant with a stated prior monthly rental income history. The property is described as being a short drive to downtown/Superdome and provides easy access to I-10.
The offering includes two residential units within a single duplex structure, each configured similarly with outdoor space, laundry, and finishes intended to balance historic character with modern updates.
Key Highlights
- Historic New Orleans shotgun double built in 1909 with two‑bedroom, one‑bath layout on each side
- Each unit has a modern kitchen and updated bath, plus in‑unit laundry facilities
- Private fenced yard for each side—space for pets, gardening, or outdoor entertaining
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 | $32.2k | $19.80 |
| − Vacancy | −$2.8k | −$1.71 |
| EGI | $29.4k | $18.09 |
| − OpEx | −$8.8k | −$5.43 |
| NOI | $20.6k | $12.66 |
1,624 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$293.8K
$257.1K – $342.7K
NOI $20,564 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$270.0K
$236.3K – $315.0K
NOI $18,901 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$412.8K
$361.2K – $481.6K
NOI $28,894 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated duplex with two-bedroom, one-bath units, in-unit laundry, and private fenced yards on each side.
Where is this duplex located?
The property is located at 2113-15 S LIBERTY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Historic New Orleans shotgun double built in 1909 with two‑bedroom, one‑bath layout on each side; Each unit has a modern kitchen and updated bath, plus in‑unit laundry facilities; Private fenced yard for each side—space for pets, gardening, or outdoor entertaining
