New Orleans Duplex with
For Sale
$489,000
2234 CAMBRONNE Street, New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
Property Size3,768 SF
Lot Size0.18 Acres
Price / SF$129.78
Days on Market123
Property Features for 2234 CAMBRONNE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Driveway
Exterior features
Fence, Window Screens
Fencing
Fenced
Lot features
Regular
Subdivision
Leonidas
Standard status
Active
APN
307 & 324
Size
3,768 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
SQS 307 & 324 LOT 11 CAMBRONNE 51 X 150 2234-36 CAMBRONNE
Legal Description
SQS 307 & 324 LOT 11 CAMBRONNE 51 X 150 2234-36 CAMBRONNE
Utilities
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Michael Lester
(504) 669-8822
Added: Mar 31
Changed: Jul 30
Last Checked: Jul 31 at 12:06AM
MLS# 2549714
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 New Orleans duplex offers a blend of 1940s architecture and modern upgrades. The property features two expansive units, each with 3 bedrooms and 2 bathrooms. Character details include original wood flooring and sun-drenched living areas. The home has been maintained with a new roof installed in 2022, updated electrical and plumbing, and refreshed AC/Heating units in 2024. Kitchen appliances have also been updated. Situated on a 51 x 150 lot in an X flood zone, the property includes fenced front and back yards and two long driveways providing off-street parking for both units. The location offers proximity to the streetcar, local restaurants, and festivals, with downtown and the French Quarter nearby. The property contains 3,768 square feet and is located in New Orleans, LA 70118.
Key Highlights
- Duplex built in 1930 offering two expansive units with 3 bedrooms and 2 bathrooms each
- New roof in 2022; updated electrical and plumbing; AC/heating units refreshed in 2024
- Window unit cooling and shingle roof; public water source
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.7k | $23.28 |
| − Vacancy | −$8.0k | −$2.12 |
| EGI | $79.7k | $21.16 |
| − OpEx | −$35.9k | −$9.52 |
| NOI | $43.9k | $11.64 |
3,768 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Spacious duplex with updated systems, large lot, convenient location.
Where is this duplex located?
The property is located at 2234 CAMBRONNE Street 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: Duplex built in 1930 offering two expansive units with 3 bedrooms and 2 bathrooms each; New roof in 2022; updated electrical and plumbing; AC/heating units refreshed in 2024; Window unit cooling and shingle roof; public water source
