Two-Unit Shotgun
For Sale
$349,000
2329 ROUSSEAU Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size1,640 SF
Lot Size0.07 Acres
Price / SF$212.80
Days on Market446
Property Features for 2329 ROUSSEAU Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
Standard status
Active
APN
2329-ROUSSEAUST
Size
1,640 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
1. SQ 45 LOT 79 ROUSSEAU 31X100 2. =3100 SQ FT 3. FILE #15921
Legal Description
1. SQ 45 LOT 79 ROUSSEAU 31X100 2. =3100 SQ FT 3. FILE #15921
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
full appliance package
fenced backyard
brick-accented fireplaces
Building Details
Year built
1900
Number of units
2
Flooring type
Wood, Brick
Building materials
Wood Siding
Architectural style
Shotgun
Buildings
1
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Clint A LaCour · License #000078050
(504) 419-8395
Added: Aug 5, 2025
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 2515424
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This wood-sided shotgun duplex contains two side-by-side residences within 1,640 square feet. Each unit has two bedrooms and one bathroom, with wood and brick flooring, tall windows, and 12-foot ceilings. Three brick-accented fireplaces add detail, and a recently installed roof is another building improvement. The property also has central heating and air conditioning.
Both units include a refrigerator, stove, oven, dishwasher, microwave, washer, and dryer. The fenced backyard provides outdoor space, and the lot measures 31 x 100 feet. The property is a few blocks from Magazine Street, with street parking available nearby.
Both units include a refrigerator, stove, oven, dishwasher, microwave, washer, and dryer. The fenced backyard provides outdoor space, and the lot measures 31 x 100 feet. The property is a few blocks from Magazine Street, with street parking available nearby.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 bathroom
- 1,640 sq ft building on a 31 x 100 lot
- 12‑foot ceilings and three brick‑accented fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,096
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,920
$281.9K
Cap Rate 7%
$201,371
$201.4K
Cap Rate 9%
$156,622
$156.6K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$22.0K $13.44/SF
− Vacancy
−$1.9K −$1.16/SF
EGI
$20.1K $12.28/SF
− OpEx
−$6.0K −$3.68/SF
NOI
$14.1K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,920
Cap Rate 7%
$201,371
Cap Rate 9%
$156,622
Alternative Uses
Best Use
Multifamily LT 5
$201.4K
$176.2K – $234.9K
NOI $14,096 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$178.5K
$156.2K – $208.3K
NOI $12,496 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$432.7K
$378.6K – $504.8K
NOI $30,288 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,393
Businesses Nearby
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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 - Each residence has two bedrooms, one bathroom, and its own appliance package.
Where is this duplex located?
The property is located at 2329 ROUSSEAU Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bathroom; 1,640 sq ft building on a 31 x 100 lot; 12‑foot ceilings and three brick‑accented fireplaces
