Duplex with Gated
For Sale
$255,900
2410 S Rocheblave St, New Orleans, LA 70125
Two-bedroom units feature central HVAC, open living areas, and low-maintenance finishes.
Property Size1,872 SF
Price / SF$136.70
Days on Market54
Property Features for 2410 S Rocheblave St
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-Family
Building Details
Year Built
2013
Listing Agency:
RE/MAX Affiliates
(504) 606-0466
Listed By:
Brandy Dufrene · License #995705288
Source:
Fiorellaavenue
Added: Jul 10
Changed: Aug 31
Last Checked: Aug 30 at 8:34PM
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 RE/MAX Affiliates
Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bath residences within 1872 SF. Built in 2013, the property offers open living areas, generous bedrooms, central air and heat, and low-maintenance materials in both units. Gated off-street parking serves the property.
The address is in New Orleans, minutes from downtown and the Central Business District, with universities, hospitals, shopping, dining, and public transportation nearby. Access to South Claiborne Avenue and I-10 supports connectivity across the area.
The two-unit configuration provides separate residences with consistent layouts and shared parking access. The property is also identified as Section 8-friendly in the available information.
The address is in New Orleans, minutes from downtown and the Central Business District, with universities, hospitals, shopping, dining, and public transportation nearby. Access to South Claiborne Avenue and I-10 supports connectivity across the area.
The two-unit configuration provides separate residences with consistent layouts and shared parking access. The property is also identified as Section 8-friendly in the available information.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1872 SF duplex built in 2013
- Central air and heat in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,788
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$435,760
$435.8K
Cap Rate 7%
$311,257
$311.3K
Cap Rate 9%
$242,089
$242.1K
Market Conditions
NOI Build-Up for 1,872 SF
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.
Gross rent
$43.6K $23.28/SF
− Vacancy
−$4.0K −$2.12/SF
EGI
$39.6K $21.16/SF
− OpEx
−$17.8K −$9.52/SF
NOI
$21.8K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$435,760
Cap Rate 7%
$311,257
Cap Rate 9%
$242,089
Alternative Uses
Best Use
Multifamily LT 5
$338.6K
$296.3K – $395.1K
NOI $23,704 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$311.3K
$272.4K – $363.1K
NOI $21,788 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$475.8K
$416.3K – $555.1K
NOI $33,306 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,152
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature central HVAC, open living areas, and low-maintenance finishes.
Where is this duplex located?
The property is located at 2410 S Rocheblave St New Orleans, LA.
What is the asking price?
The asking price for this property is $255,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1872 SF duplex built in 2013; Central air and heat in each unit
