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Gentilly Duplex with Rental Income

2437-39 Jasmine Street New Orleans, LA 70122

2437-39 Jasmine Street, New Orleans, LA, 70122
$199,900
For Sale
$199,900

Two-unit property in Gentilly neighborhood with immediate rental income.

Property Size1,749 SF
Price / SF$114.29
Days on Market311

Property Features for 2437-39 Jasmine Street

General Information

Standard status
Active
Size
1,749 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse

Building Details

Year Built
1969
Listing Agency Compass
Listed by Ericka Turner · License #995693825
Source Compass
Added: Sep 10, 2025 Checked: Jul 16 at 7:55 am

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 Compass


Investment Insights

Based on property information with market context.

This two-unit property is located in the Gentilly neighborhood. Each unit features 2 bedrooms and 1 bathroom, offering a functional layout. The property is currently occupied, providing immediate rental income potential. A new AC and heating unit has been installed on the 2437 side, along with a new water heater. The property size is 1749 square feet.

Key Highlights

  • Immediate rental income potential with both units currently occupied.
  • Located in a desirable Gentilly neighborhood.
  • Each unit has a functional layout with 2 bedrooms and 1 bathroom.

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 $28.3k $16.20
− Vacancy −$2.4k −$1.40
EGI $25.9k $14.80
− OpEx −$7.8k −$4.44
NOI $18.1k $10.36
1,749 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$258.9K
$226.5K – $302.0K (±1% cap)
NOI $18,120 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$224.8K
$196.7K – $262.3K (±1% cap)
NOI $15,739 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$457.7K
$400.5K – $533.9K (±1% cap)
NOI $32,036 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Skin Care Clinic (Bike/Boat/Book/etc) Store Plumbing Service Auto Parts Store Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-unit property in Gentilly neighborhood with immediate rental income.
Where is this duplex located?
The property is located at 2437-39 Jasmine Street New Orleans, LA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Immediate rental income potential with both units currently occupied.; Located in a desirable Gentilly neighborhood.; Each unit has a functional layout with 2 bedrooms and 1 bathroom.
Contact an agent
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