Renovated Double in Central
2328-23 Cambronne Street New Orleans, LA 70118
2328-23 Cambronne Street, New Orleans, LA, 70118
$620,000
For Sale
$620,000
Renovated double with potential for Airbnb license and cash flow.
Property Size3,600 SF
Price / SF$172.22
Days on Market77
Property Features for 2328-23 Cambronne Street
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1921
Listing Agency
Talbot Historic Properties
(504) 415-9730
Listed by
Tracy Talbot · License #000006986
Source
Compass
Added: May 2 Checked: Jul 17 at 5:35 am
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 Talbot Historic Properties
Investment Insights
Based on property information with market context.
This renovated double is situated in a central location. The property is licensed for Airbnb, with the current license expiring in mid-June, presenting a potential opportunity for a new buyer to acquire a license. All major components were replaced in 2016. The property is suitable for either owner-occupancy with rental income or for investment purposes. It features upper porches, driveway parking, and a roof that is four years old. The property size is 3,600 square feet. Furniture is negotiable.
Key Highlights
- High cash flow potential as an Airbnb licensed property (license potentially transferable).
- Renovated double, suitable for owner‑occupancy with rental income or investment.
- All major components new in 2016.
Local Financial Insights For Multifamily LT 5
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 | $71.3k | $19.80 |
| − Vacancy | −$6.2k | −$1.71 |
| EGI | $65.1k | $18.09 |
| − OpEx | −$19.5k | −$5.43 |
| NOI | $45.6k | $12.66 |
3,600 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$651.2K
$569.8K – $759.8K
NOI $45,585 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$598.6K
$523.8K – $698.3K
NOI $41,900 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$915.0K
$800.6K – $1.07M
NOI $64,050 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated double with potential for Airbnb license and cash flow.
Where is this duplex located?
The property is located at 2328-23 Cambronne Street New Orleans, LA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: High cash flow potential as an Airbnb licensed property (license potentially transferable).; Renovated double, suitable for owner‑occupancy with rental income or investment.; All major components new in 2016.
