Historic Duplex with Central
2117 North Claiborne Avenue New Orleans, LA 70116
2117 North Claiborne Avenue, New Orleans, LA, 70116
$395,000
For Sale
$395,000
Two-unit duplex features updated central HVAC, replaced roof, and historic finishes including hardwood floors and clawfoot tubs.
Property Size2,526 SF
Price / SF$156.37
Days on Market143
Property Features for 2117 North Claiborne Avenue
General Information
- Standard status
- Active
- Size
- 2,526 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1912
Listing agency
CBTEC MAGAZINE
(504) 782-3390
Listed by
Helga Eisele · License #995691781
(504) 782-3390
Source
Compass
Added: Mar 2 Updated: Jul 23 at 5:04AM Checked: Jul 23 at 5:04AM
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 CBTEC MAGAZINE
Investment Insights
Based on property information with market context.
This historic duplex offers two separate units with old-New Orleans character, highlighted by hardwood floors, high ceilings, and decorative ceiling medallions and chandeliers. Both sides include bathrooms with clawfoot tubs. Central HVAC has been added on both sides (new as of 2022), and the roof was replaced in 2022. Zoned HU-B1, the property is also identified as being in an X flood zone.
Unit 2117 is currently set up as a commercial short-term rental and features an old-world charm built-in library. The kitchen includes a gas stove and granite countertops, and there is a screened rear porch for outdoor enjoyment.
Unit 2119 includes a kitchen described as a showstopper, with a striking leather finish, granite countertops, an 8-burner gas Wolf stove and hood, stainless steel appliances, and a copper farmhouse sink. A private fenced-in backyard is also included.
Unit 2117 is currently set up as a commercial short-term rental and features an old-world charm built-in library. The kitchen includes a gas stove and granite countertops, and there is a screened rear porch for outdoor enjoyment.
Unit 2119 includes a kitchen described as a showstopper, with a striking leather finish, granite countertops, an 8-burner gas Wolf stove and hood, stainless steel appliances, and a copper farmhouse sink. A private fenced-in backyard is also included.
Key Highlights
- Two‑unit duplex built in 1912 with historic Old New Orleans‑style details, including hardwood floors and high ceilings
- New central HVAC on both sides (2022) with central air and central heating
- Roof replaced in 2022; asphalt roof with wood siding and pillar/post/pier foundation details
Local 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 | $50.0k | $19.80 |
| − Vacancy | −$4.3k | −$1.71 |
| EGI | $45.7k | $18.09 |
| − OpEx | −$13.7k | −$5.43 |
| NOI | $32.0k | $12.66 |
2,526 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.9K
$399.8K – $533.1K
NOI $31,985 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$420.0K
$367.5K – $490.0K
NOI $29,400 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$642.0K
$561.8K – $749.0K
NOI $44,942 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nola Community Fridge
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex features updated central HVAC, replaced roof, and historic finishes including hardwood floors and clawfoot tubs.
Where is this duplex located?
The property is located at 2117 North Claiborne Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1912 with historic Old New Orleans‑style details, including hardwood floors and high ceilings; New central HVAC on both sides (2022) with central air and central heating; Roof replaced in 2022; asphalt roof with wood siding and pillar/post/pier foundation details
