Duplex Property with Detached Guest
New
For Sale
$1,000,000
2234 CONSTANCE Street, New Orleans, LA 70130
Multi-Family, Traditional, New Orleans, LA
Property Size3,726 SF
Price / SF$268.38
Days on Market2
Property Features for 2234 CONSTANCE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage, Off Street
Patio and Porch features
Porch
Exterior features
Porch
Lot features
Regular
Standard status
Active
APN
2234constance
Size
3,726 SF
Taxes and HOA fees
Tax Description
1. SQ 109 LOT 15 2. 35.2X120 3. 2234-36 CONSTANCE ST
Legal Description
1. SQ 109 LOT 15 2. 35.2X120 3. 2234-36 CONSTANCE ST
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2016
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 799-1702
Listed By:
Nathalie Dubois · License #995703042
(504) 610-0679
Added: Oct 9
Last Checked: Oct 10 at 4:06AM
MLS# 2581019
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.
Built in 2016, this 3,726-square-foot duplex has two units, each 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 laundry area, and a front porch. Central heating and air conditioning serve the property.
A detached guest house adds a full bath, kitchenette, and washer and dryer. The oversized garage accommodates multiple vehicles and includes a separate workshop area; the listing also identifies space that could be converted into another apartment. The property is one block from Magazine Street, within walking distance of coffee shops, restaurants, and boutiques.
A detached guest house adds a full bath, kitchenette, and washer and dryer. The oversized garage accommodates multiple vehicles and includes a separate workshop area; the listing also identifies space that could be converted into another apartment. 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 full bath, plus 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,968
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each unit has a ground-floor bedroom and an upstairs primary suite.
Where is this duplex located?
The property is located at 2234 CONSTANCE Street 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 full bath, plus an upstairs primary suite; Detached guest house with full bath, kitchenette, washer and dryer
