Camelback Duplex with Front
For Sale
$699,900
Pending
2221 LAUREL Street, New Orleans, LA 70130
Multifamily, New Orleans, LA
Property Size3,463 SF
Days on Market70
Property Features for 2221 LAUREL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Patio and Porch features
Porch
Standard status
Pending
APN
2221
Size
3,463 SF
Taxes and HOA fees
Tax Description
1. SQ 109 LOT K LAUREL ST 2. 33X120 = 3960 SQ FT 3. CAMEL/BACK DBLE 2221/23
Legal Description
1. SQ 109 LOT K LAUREL ST 2. 33X120 = 3960 SQ FT 3. CAMEL/BACK DBLE 2221/23
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1906
Number of units
2
Building materials
Wood Siding
Architectural style
Other
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Albert E Sidhom · License #995690524
(504) 319-7428
Added: Aug 15
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2571585
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,463-square-foot camelback duplex contains two residences, each with two bedrooms and two full bathrooms. Central heating and air conditioning serve each unit independently. Interior details include hardwood flooring, 12-foot ceilings, fireplace mantels, and pocket doors. A broad front porch, fenced yard, and shutters add to the property’s exterior character.
The building dates to 1906 and has wood siding. Recent work includes exterior restoration and painting, along with installation of a Fortified Roof in 2024. Both residences have access to the backyard. Magazine Street and Jackson Avenue, with dining, cafes, and shops, are a short walk away.
The building dates to 1906 and has wood siding. Recent work includes exterior restoration and painting, along with installation of a Fortified Roof in 2024. Both residences have access to the backyard. Magazine Street and Jackson Avenue, with dining, cafes, and shops, are a short walk away.
Key Highlights
- 3,463‑square‑foot camelback duplex with two residences
- Each residence has 2 bedrooms, 2 full bathrooms, and independent central heating and cooling
- Original hardwood floors, 12‑foot ceilings, fireplace mantels, and pocket doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,850
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,000
$877.0K
Cap Rate 7%
$626,429
$626.4K
Cap Rate 9%
$487,222
$487.2K
Market Conditions
NOI Build-Up for 3,463 SF
Gross rent
$68.6K $19.80/SF
− Vacancy
−$5.9K −$1.71/SF
EGI
$62.6K $18.09/SF
− OpEx
−$18.8K −$5.43/SF
NOI
$43.9K $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%
$877,000
Cap Rate 7%
$626,429
Cap Rate 9%
$487,222
Alternative Uses
Best Use
Multifamily LT 5
$626.4K
$548.1K – $730.8K
NOI $43,850 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$575.8K
$503.8K – $671.8K
NOI $40,305 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$880.2K
$770.2K – $1.03M
NOI $61,613 @ 7.0% cap · market cap 8.80%
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
1,968
Businesses Nearby
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Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
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 - Two residences each offer two bedrooms, two full bathrooms, and separate central heating and cooling.
Where is this duplex located?
The property is located at 2221 LAUREL Street New Orleans, LA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3,463‑square‑foot camelback duplex with two residences; Each residence has 2 bedrooms, 2 full bathrooms, and independent central heating and cooling; Original hardwood floors, 12‑foot ceilings, fireplace mantels, and pocket doors
