Double Shotgun Duplex For
2329 Rousseau Street New Orleans, LA 70130
2329 Rousseau Street, New Orleans, LA, 70130
$400,000
For Sale
$400,000
Two side-by-side 2-bedroom units with 12-foot ceilings, original hardwood and brick flooring, and a fenced backyard.
Property Size1,640 SF
Lot Size0.07 Acres
Price / SF$243.90
Days on Market354
Property Features for 2329 Rousseau Street
General Information
- Standard status
- Active
- Size
- 1,640 SF
- Lot size
- 0.07 Acres
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing agency
REVE, REALTORS
(903) 815-2376
Listed by
Allison Forister · License #995717640
(903) 815-2376
Source
Compass
Added: Aug 4, 2025 Updated: Jul 22 at 1:43PM Checked: Jul 22 at 1:43PM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This built-in-1940 double shotgun duplex offers a total of 1,640 square feet across two side-by-side units. Each unit includes 2 bedrooms and 1 bathroom with original hardwood and brick flooring and 12-foot ceilings. Period features include three brick-accented fireplaces, tall windows, and other historic details. Both units come with a full appliance package: refrigerator, stove, oven, dishwasher, microwave, washer, and dryer. A fenced backyard provides outdoor space for the property’s residents.
The duplex sits on a 31 x 100 lot and includes easy street parking. It is located just blocks from Magazine Street in the Irish Channel area of New Orleans, providing convenient access to local shops and restaurants.
The duplex sits on a 31 x 100 lot and includes easy street parking. It is located just blocks from Magazine Street in the Irish Channel area of New Orleans, providing convenient access to local shops and restaurants.
Key Highlights
- 1,640 sq ft double with two side‑by‑side units, each offering 2 bedrooms and 1 full bathroom
- 12‑foot ceilings plus original hardwood and brick flooring in both units
- Central air and central heating
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 | $32.5k | $19.80 |
| − Vacancy | −$2.8k | −$1.71 |
| EGI | $29.7k | $18.09 |
| − OpEx | −$8.9k | −$5.43 |
| NOI | $20.8k | $12.66 |
1,640 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.7K
$259.6K – $346.1K
NOI $20,766 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$272.7K
$238.6K – $318.1K
NOI $19,088 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$416.8K
$364.7K – $486.3K
NOI $29,178 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two side-by-side 2-bedroom units with 12-foot ceilings, original hardwood and brick flooring, and a fenced backyard.
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 $400,000.
What are key features of this property?
This property features: 1,640 sq ft double with two side‑by‑side units, each offering 2 bedrooms and 1 full bathroom; 12‑foot ceilings plus original hardwood and brick flooring in both units; Central air and central heating
