Cottage Duplex with Two
2429-31 Almonaster Avenue New Orleans, LA 70117
2429-31 Almonaster Avenue, New Orleans, LA, 70117
$254,900
For Sale
$254,900
Duplex features two separate cottage-style units, each with two bedrooms and an inside laundry hookup.
Property Size1,798 SF
Price / SF$141.77
Days on Market290
Property Features for 2429-31 Almonaster Avenue
General Information
- Standard status
- Active
- Size
- 1,798 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2022
Listing agency
Homesmart Realty South
(504) 909-5874
Listed by
Steve Leaumont · License #000027890
(504) 909-5874
Source
Compass
Added: Oct 5, 2025 Updated: Jul 21 at 7:05AM Checked: Jul 21 at 7:05AM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
This cottage-style duplex offers two separate units with a layout designed for comfortable owner-occupant or rental use. The front unit includes a porch, an open kitchen and living area, two bedrooms, and one full bathroom. The bathroom includes a separate vanity area, and there is an inside laundry area with hookups for a stackable washer and dryer.
The rear unit has its own porch and an open living room and kitchen area, along with two bedrooms and one full bathroom. It also features inside laundry hookup for a stackable washer and dryer, plus a covered rear porch overlooking the back yard.
The property is presented as a duplex and includes two distinct cottage-style residences within the same building for separate living arrangements.
The rear unit has its own porch and an open living room and kitchen area, along with two bedrooms and one full bathroom. It also features inside laundry hookup for a stackable washer and dryer, plus a covered rear porch overlooking the back yard.
The property is presented as a duplex and includes two distinct cottage-style residences within the same building for separate living arrangements.
Key Highlights
- Duplex with two separate cottage‑style units, each offering 2 bedrooms and 1 full bath
- Open kitchen and living areas in both front and rear units
- Inside laundry hookup for stackable washer/dryer in each unit
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 | $35.6k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.5k | $18.09 |
| − OpEx | −$9.8k | −$5.43 |
| NOI | $22.8k | $12.66 |
1,798 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.2K
$284.6K – $379.5K
NOI $22,767 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$299.0K
$261.6K – $348.8K
NOI $20,927 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$457.0K
$399.9K – $533.2K
NOI $31,989 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex features two separate cottage-style units, each with two bedrooms and an inside laundry hookup.
Where is this duplex located?
The property is located at 2429-31 Almonaster Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Duplex with two separate cottage‑style units, each offering 2 bedrooms and 1 full bath; Open kitchen and living areas in both front and rear units; Inside laundry hookup for stackable washer/dryer in each unit
