Side-by-Side
For Sale
$114,900
2237 39 Harmony St, New Orleans, LA 70115
Built in 2008 with two-bedroom units and interior laundry hookups.
Property Size1,325 SF
Price / SF$86.72
Days on Market48
Property Features for 2237 39 Harmony St
General Information
Standard status
Active
Size
1,325 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Milan
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
2008
Listing Agency:
Realtors- Loescher Properties
(504) 281-2232
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 23 at 6:17AM
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 Realtors- Loescher Properties
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Investment Insights
Based on property information with market context.
This duplex contains two adjoining residential units, each arranged with two bedrooms, one full bathroom, a kitchen, and a living area. Both units also include interior laundry hookups, providing a practical in-home utility feature. The property was built in 2008 and occupies a corner lot in New Orleans.
The property is near public transportation and provides access to the CBD, French Quarter, and surrounding areas. Its two-unit configuration supports separate occupancy, with each side offering a comparable residential layout.
The property is near public transportation and provides access to the CBD, French Quarter, and surrounding areas. Its two-unit configuration supports separate occupancy, with each side offering a comparable residential layout.
Key Highlights
- Two adjoining residential units
- Each unit includes 2 bedrooms and 1 full bath
- Kitchens and living areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,095
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,900
$201.9K
Cap Rate 7%
$144,214
$144.2K
Cap Rate 9%
$112,167
$112.2K
Market Conditions
NOI Build-Up for 1,325 SF
Gross rent
$20.2K $15.24/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$18.4K $13.85/SF
− OpEx
−$8.3K −$6.23/SF
NOI
$10.1K $7.62/SF
Area
ZIP 70115
Vacancy
9.10%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,900
Cap Rate 7%
$144,214
Cap Rate 9%
$112,167
Alternative Uses
Best Use
Multifamily LT 5
$162.7K
$142.4K – $189.8K
NOI $11,389 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$144.2K
$126.2K – $168.3K
NOI $10,095 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$349.6K
$305.9K – $407.8K
NOI $24,470 @ 7.0% cap · market cap 21.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2008 with two-bedroom units and interior laundry hookups.
Where is this duplex located?
The property is located at 2237 39 Harmony St New Orleans, LA.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Two adjoining residential units; Each unit includes 2 bedrooms and 1 full bath; Kitchens and living areas in both units
