Two-Unit Duplex with Separate
For Sale
$375,000
2130 Robert St, New Orleans, LA 70115
Each residence occupies a full floor and includes distinct living, dining, kitchen, and sleeping areas.
Property Size3,470 SF
Price / SF$108.07
Days on Market80
Property Features for 2130 Robert St
General Information
Standard status
Active
Size
3,470 SF
Property subtype
Multi-Family
Building Details
Year Built
1940
Listing Agency:
REVE, REALTORS
Listed By:
Zachary Russell
(504) 493-9770
Source:
Dominionplace
Added: Aug 1
Changed: Oct 11
Last Checked: Oct 7 at 3:17PM
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 REVE, REALTORS
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Investment Insights
Based on property information with market context.
This 1940-built duplex contains two separately metered residences totaling 3,470 square feet. Each unit occupies its own floor and offers a sunroom, living room, dining room, kitchen, three bedrooms, and one bathroom. The upper residence also includes a butler’s pantry and dedicated laundry room, while the lower unit has a screened porch and a bathroom configured for a stackable washer and dryer. Hardwood flooring extends through the rooms, including beneath the bedroom carpeting, and the first-floor kitchen features ceiling-height custom wood cabinetry and slate flooring.
The property includes separate entrances, a driveway, and a substantial rear patio. Recent work includes foundation repairs completed in 2025, water heaters installed in 2025 and 2021, and 2026 plumbing, sewer-line, and gas-line updates. The lower unit measures 1,735 square feet including its screened porch; the upper unit is also listed at 1,735 square feet with the porch and 1,531 square feet without it.
The property includes separate entrances, a driveway, and a substantial rear patio. Recent work includes foundation repairs completed in 2025, water heaters installed in 2025 and 2021, and 2026 plumbing, sewer-line, and gas-line updates. The lower unit measures 1,735 square feet including its screened porch; the upper unit is also listed at 1,735 square feet with the porch and 1,531 square feet without it.
Key Highlights
- Two separately metered units with separate entrances
- 3,470 total square feet in a 1940‑built duplex
- Each unit includes 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,825
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,500
$596.5K
Cap Rate 7%
$426,071
$426.1K
Cap Rate 9%
$331,389
$331.4K
Market Conditions
NOI Build-Up for 3,470 SF
Gross rent
$46.6K $13.44/SF
− Vacancy
−$4.0K −$1.16/SF
EGI
$42.6K $12.28/SF
− OpEx
−$12.8K −$3.68/SF
NOI
$29.8K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,500
Cap Rate 7%
$426,071
Cap Rate 9%
$331,389
Alternative Uses
Best Use
Multifamily LT 5
$426.1K
$372.8K – $497.1K
NOI $29,825 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$377.7K
$330.5K – $440.7K
NOI $26,439 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$915.5K
$801.1K – $1.07M
NOI $64,084 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,612
Businesses Nearby
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Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence occupies a full floor and includes distinct living, dining, kitchen, and sleeping areas.
Where is this duplex located?
The property is located at 2130 Robert St New Orleans, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two separately metered units with separate entrances; 3,470 total square feet in a 1940‑built duplex; Each unit includes 3 bedrooms and 1 bathroom
