Duplex with Second-Story
New
For Sale
$649,000
2216 Broadway St, New Orleans, LA 70118
Each residence has separate living, dining, and kitchen areas across a two-story floor plan.
Property Size4,293 SF
Price / SF$151.18
Days on Market2
Property Features for 2216 Broadway St
General Information
Standard status
Active
Size
4,293 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Site & Location
Neighborhood
Leonidas
Additional Details
Multifamily Units
2
Building Details
Year Built
1940
Buildings
1
Stories
2
Construction
Arts and Crafts
Listing Agency:
United Real Estate Partners LLC
(504) 305-4930
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 24 at 3:15PM
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 United Real Estate Partners LLC
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Investment Insights
Based on property information with market context.
This 4,293-square-foot duplex, built in 1940, contains two residences with matching two-story layouts. Each has living and dining areas, a full kitchen, high ceilings, and pine hardwood flooring in the living spaces. Bedrooms and a full bathroom are located upstairs, along with a second-story balcony. Each unit has two HVAC units. Kitchen, breakfast, and bathroom floors are finished in white tile.
The property is in Uptown Carrollton, with access to Loyola and Tulane campuses, Audubon Park and Zoo, the Ochsner corridor along Jefferson Highway, and the Baptist campus on Napoleon Avenue. A shared driveway leads to one rear parking space.
The property is in Uptown Carrollton, with access to Loyola and Tulane campuses, Audubon Park and Zoo, the Ochsner corridor along Jefferson Highway, and the Baptist campus on Napoleon Avenue. A shared driveway leads to one rear parking space.
Key Highlights
- 4,293‑square‑foot duplex built in 1940
- Two residences with matching two‑story floor plans
- Each unit has two HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,360
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,200
$1.1M
Cap Rate 7%
$776,571
$776.6K
Cap Rate 9%
$604,000
$604.0K
Market Conditions
NOI Build-Up for 4,293 SF
Gross rent
$85.0K $19.80/SF
− Vacancy
−$7.3K −$1.71/SF
EGI
$77.7K $18.09/SF
− OpEx
−$23.3K −$5.43/SF
NOI
$54.4K $12.66/SF
Area
New Orleans, LA
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 Rate 5%
$1,087,200
Cap Rate 7%
$776,571
Cap Rate 9%
$604,000
Alternative Uses
Best Use
Multifamily LT 5
$776.6K
$679.5K – $906.0K
NOI $54,360 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$713.8K
$624.6K – $832.8K
NOI $49,966 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.09M
$954.8K – $1.27M
NOI $76,380 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
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Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate living, dining, and kitchen areas across a two-story floor plan.
Where is this duplex located?
The property is located at 2216 Broadway St New Orleans, LA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 4,293‑square‑foot duplex built in 1940; Two residences with matching two‑story floor plans; Each unit has two HVAC units
