Two-Unit Duplex
For Sale
$235,000
2201 AMELIA Street, New Orleans, LA 70115
Multi-Family, Traditional, New Orleans, LA
Property Size2,125 SF
Price / SF$110.59
Days on Market65
Property Features for 2201 AMELIA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Lot features
Regular
Standard status
Active
APN
2201-AMELIAST
Size
2,125 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Guyon Lewis · License #0099561967
(504) 215-4292
Added: Aug 4
Changed: Sep 16
Last Checked: Oct 7 at 4:06PM
MLS# 2569618
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 2,125-square-foot duplex, built in 1950, contains two residential units with a combined layout of 3 bedrooms and 3 bathrooms. The lower residence includes 2 bedrooms, 2 bathrooms, and an additional bonus area, while the upper residence provides 1 bedroom and 1 bathroom. Central heating and central air conditioning serve the property, with public water and a shingle roof.
The property is located in New Orleans near several established commercial and transit areas. St. Charles Avenue and the streetcar line are approximately 6 blocks away. The Claiborne retail corridor and Freret Street corridor are each about 8 blocks from the property, with Starbucks, TJ Maxx, and Trader Joe's identified nearby. The CBD, French Quarter, and Medical District are described as a 10-minute drive away.
The property is located in New Orleans near several established commercial and transit areas. St. Charles Avenue and the streetcar line are approximately 6 blocks away. The Claiborne retail corridor and Freret Street corridor are each about 8 blocks from the property, with Starbucks, TJ Maxx, and Trader Joe's identified nearby. The CBD, French Quarter, and Medical District are described as a 10-minute drive away.
Key Highlights
- Two‑unit duplex totaling 2,125 SF
- 3 bedrooms and 3 bathrooms across both units
- Lower unit has 2 bedrooms, 2 bathrooms, and bonus space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,265
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,300
$365.3K
Cap Rate 7%
$260,929
$260.9K
Cap Rate 9%
$202,944
$202.9K
Market Conditions
NOI Build-Up for 2,125 SF
Gross rent
$28.6K $13.44/SF
− Vacancy
−$2.5K −$1.16/SF
EGI
$26.1K $12.28/SF
− OpEx
−$7.8K −$3.68/SF
NOI
$18.3K $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%
$365,300
Cap Rate 7%
$260,929
Cap Rate 9%
$202,944
Alternative Uses
Best Use
Multifamily LT 5
$260.9K
$228.3K – $304.4K
NOI $18,265 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$231.3K
$202.4K – $269.9K
NOI $16,191 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$560.6K
$490.6K – $654.1K
NOI $39,245 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,881
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate living arrangements with central heating and air conditioning.
Where is this duplex located?
The property is located at 2201 AMELIA Street New Orleans, LA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,125 SF; 3 bedrooms and 3 bathrooms across both units; Lower unit has 2 bedrooms, 2 bathrooms, and bonus space
