Duplex with Detached Guest
2234 Constance St, New Orleans, LA 70130
For Sale
$1,000,000
Two residential units are complemented by separate guest quarters and a dedicated workshop.
Property Size3,726 SF
Price / SF$268.38
Days on Market30
Property Features for 2234 Constance St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Berkshire Hathaway HS - Garden District/Uptown
(504) 799-1702
Listed By:
Nathalie J Dubois · License #995703042
(504) 610-0679
Source:
Exprealty
Added: Oct 9
Changed: Nov 3
Last Checked: Nov 6 at 1:33PM
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 Berkshire Hathaway HS - Garden District/Uptown
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Investment Insights
Based on property information with market context.
Built in 2016, this 3,726-square-foot duplex has two units with a downstairs bedroom and full bath, plus an upstairs primary suite with a full bath and walk-in closet. Each unit also includes a kitchen with a breakfast-bar island and pantry, a downstairs laundry area, and a front porch. A detached guest house adds a full bath, kitchenette, and washer and dryer. The property also includes an oversized garage with space for multiple vehicles and a separate workshop area.
The property is one block from Magazine Street, within walking distance of coffee shops, restaurants, and boutiques.
The property is one block from Magazine Street, within walking distance of coffee shops, restaurants, and boutiques.
Key Highlights
- 3,726‑square‑foot duplex built in 2016
- Two units, each with a downstairs bedroom and an upstairs primary suite
- Detached guest house with full bath, kitchenette, washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,180
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,600
$943.6K
Cap Rate 7%
$674,000
$674.0K
Cap Rate 9%
$524,222
$524.2K
Market Conditions
NOI Build-Up for 3,726 SF
Gross rent
$73.8K $19.80/SF
− Vacancy
−$6.4K −$1.71/SF
EGI
$67.4K $18.09/SF
− OpEx
−$20.2K −$5.43/SF
NOI
$47.2K $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%
$943,600
Cap Rate 7%
$674,000
Cap Rate 9%
$524,222
Alternative Uses
Best Use
Multifamily LT 5
$674.0K
$589.8K – $786.3K
NOI $47,180 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$619.5K
$542.1K – $722.8K
NOI $43,366 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$947.0K
$828.7K – $1.10M
NOI $66,292 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
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
$529,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are complemented by separate guest quarters and a dedicated workshop.
Where is this duplex located?
The property is located at 2234 Constance St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3,726‑square‑foot duplex built in 2016; Two units, each with a downstairs bedroom and an upstairs primary suite; Detached guest house with full bath, kitchenette, washer and dryer
