Shotgun Duplex with Private
2427-29 South Robertson Street New Orleans, LA 70113
For Sale
$230,000
Income-producing duplex with two 2BR/1BA units, updated windows, renovated bathrooms, and private fenced rear yards.
Property Size1,652 SF
Price / SF$139.23
Days on Market26
Property Features for 2427-29 South Robertson Street
General Information
- Standard status
- Active
- Size
- 1,652 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1976
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 756-7136
Listed By:
Sandy Duplessis · License #099562625
(504) 756-7136
Source:
Compass
Added: Jun 28
Changed: Jul 22
Last Checked: Jul 23 at 8:45AM
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This income-producing shotgun duplex features two separate residences, each with 2 bedrooms and 1 bathroom, along with high ceilings. Several original hardwood floors are present, and both units include updated windows and renovated bathrooms. Each side also offers a private, fenced-in rear yard. Recent exterior and systems improvements include a new roof and exterior paint in 2021, updated electrical in 2019, and a drain line replacement and re-routing in 2020. The owner’s unit underwent a gut renovation in 2019, including new framing, insulation, drywall, new kitchen cabinets, and a bathroom remodel. The 2427 side includes central heat, while both units use newer window units for cooling.
The property is located in a Central City area with convenient interstate access, and is described as a short distance from the French Quarter or Uptown.
Tenants are currently month to month and wish to remain.
The property is located in a Central City area with convenient interstate access, and is described as a short distance from the French Quarter or Uptown.
Tenants are currently month to month and wish to remain.
Key Highlights
- Income‑producing duplex with two 2BR/1BA units (2 full bathrooms total) in a 1‑story shotgun layout
- 2021 updates include new roof and exterior paint; electrical system updated in 2019
- Each side has updated windows and newer window AC units; owner's side has central heat
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 | $32.7k | $19.80 |
| − Vacancy | −$2.8k | −$1.71 |
| EGI | $29.9k | $18.09 |
| − OpEx | −$9.0k | −$5.43 |
| NOI | $20.9k | $12.66 |
1,652 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$298.8K
$261.5K – $348.6K
NOI $20,918 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$274.7K
$240.3K – $320.5K
NOI $19,227 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$419.9K
$367.4K – $489.9K
NOI $29,392 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Income-producing duplex with two 2BR/1BA units, updated windows, renovated bathrooms, and private fenced rear yards.
Where is this duplex located?
The property is located at 2427-29 South Robertson Street New Orleans, LA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Income‑producing duplex with two 2BR/1BA units (2 full bathrooms total) in a 1‑story shotgun layout; 2021 updates include new roof and exterior paint; electrical system updated in 2019; Each side has updated windows and newer window AC units; owner's side has central heat
