Turnkey Renovated
2421-23 Columbus Street New Orleans, LA 70119
2421-23 Columbus Street, New Orleans, LA, 70119
$529,000
For Sale
$529,000
Down-to-the-studs renovation completed in 2021 with two bright 3-bedroom, 2-bath units featuring 11-foot ceilings.
Property Size2,400 SF
Price / SF$220.42
Days on Market62
Property Features for 2421-23 Columbus Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing agency
Crescent Sotheby's International
(504) 458-5719
Listed by
Marcel Tullier · License #995694386
(504) 458-5719
Source
Compass
Added: May 22 Updated: Jul 21 at 1:40PM Checked: Jul 21 at 1:40PM
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 Crescent Sotheby's International
Investment Insights
Based on property information with market context.
Welcome to 2421-2423 Columbus Street, a renovated duplex offering two light-filled sides. Each unit features a spacious 3-bedroom, 2-bathroom layout with 11-foot ceilings, original hardwood floors, and historic pocket doors. The property was renovated down to the studs in 2021 and has been freshly refreshed for its next ownership opportunity.
The home is located in a highly walkable area near historic Esplanade Avenue, with proximity to the Fair Grounds for Jazz Fest, the French Quarter, and Bayou St. John.
This is a turnkey duplex configured as two separate 3-bedroom, 2-bath residences within a ~2,400 square-foot property.
The home is located in a highly walkable area near historic Esplanade Avenue, with proximity to the Fair Grounds for Jazz Fest, the French Quarter, and Bayou St. John.
This is a turnkey duplex configured as two separate 3-bedroom, 2-bath residences within a ~2,400 square-foot property.
Key Highlights
- Double property at 2421‑2423 Columbus Street with two bright 3‑bedroom, 2‑bath floor plans
- Down‑to‑the‑studs renovation completed in 2021 and freshly refreshed for the next chapter
- Approximately 2,400 sq. ft. overall with 11‑foot ceilings, original hardwood floors, and historic pocket doors
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 | $47.5k | $19.80 |
| − Vacancy | −$4.1k | −$1.71 |
| EGI | $43.4k | $18.09 |
| − OpEx | −$13.0k | −$5.43 |
| NOI | $30.4k | $12.66 |
2,400 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.1K
$379.9K – $506.5K
NOI $30,390 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$399.0K
$349.2K – $465.6K
NOI $27,933 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$628.0K
$549.5K – $732.7K
NOI $43,960 @ 7.0% cap · market cap 8.31%
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 - Down-to-the-studs renovation completed in 2021 with two bright 3-bedroom, 2-bath units featuring 11-foot ceilings.
Where is this duplex located?
The property is located at 2421-23 Columbus Street New Orleans, LA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Double property at 2421‑2423 Columbus Street with two bright 3‑bedroom, 2‑bath floor plans; Down‑to‑the‑studs renovation completed in 2021 and freshly refreshed for the next chapter; Approximately 2,400 sq. ft. overall with 11‑foot ceilings, original hardwood floors, and historic pocket doors
