Updated Two-Unit
For Sale
$489,000
2234 36 Cambronne St, New Orleans, LA 70118
Well-maintained income property with refreshed systems, private yards, and off-street parking for both residences.
Property Size3,768 SF
Lot Size0.18 Acres
Price / SF$129.78
Days on Market87
Property Features for 2234 36 Cambronne St
General Information
Standard status
Active
Size
3,768 SF
Lot size
0.18 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1930
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
Listed By:
Michael Lester · License #995697007
(504) 559-4652
Source:
Dominionplace
Added: Jul 25
Changed: Oct 14
Last Checked: Oct 19 at 12:33PM
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 KELLER WILLIAMS REALTY 455-0100
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Investment Insights
Based on property information with market context.
This 3,768-square-foot duplex contains two residences, each with 3 bedrooms and 2 bathrooms. Both units feature original wood flooring, bright living areas, updated kitchen appliances, and substantial interior space. The property has received electrical and plumbing updates, a roof replacement in 2022, and refreshed AC/heating units in 2024.
Set on a 51 x 150 lot in an X flood zone, the property includes fenced front and rear yards plus two long driveways serving the residences. The address is near streetcar service, local restaurants, festivals, downtown New Orleans, and the French Quarter.
Set on a 51 x 150 lot in an X flood zone, the property includes fenced front and rear yards plus two long driveways serving the residences. The address is near streetcar service, local restaurants, festivals, downtown New Orleans, and the French Quarter.
Key Highlights
- Two‑unit duplex with 3,768 square feet
- Each unit includes 3 bedrooms and 2 bathrooms
- New roof installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,855
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,100
$877.1K
Cap Rate 7%
$626,500
$626.5K
Cap Rate 9%
$487,278
$487.3K
Market Conditions
NOI Build-Up for 3,768 SF
Gross rent
$87.7K $23.28/SF
− Vacancy
−$8.0K −$2.12/SF
EGI
$79.7K $21.16/SF
− OpEx
−$35.9K −$9.52/SF
NOI
$43.9K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,100
Cap Rate 7%
$626,500
Cap Rate 9%
$487,278
Alternative Uses
Best Use
Multifamily LT 5
$681.6K
$596.4K – $795.2K
NOI $47,712 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$626.5K
$548.2K – $730.9K
NOI $43,855 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$957.7K
$838.0K – $1.12M
NOI $67,039 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
969
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained income property with refreshed systems, private yards, and off-street parking for both residences.
Where is this duplex located?
The property is located at 2234 36 Cambronne St New Orleans, LA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,768 square feet; Each unit includes 3 bedrooms and 2 bathrooms; New roof installed in 2022
