Renovated Quadplex with Storefront
2440 Dumaine Street New Orleans, LA 70119
For Sale
$529,000
Fully occupied quadplex with four renovated 2-bedroom units and a ground-level space that may support a commercial storefront.
Property Size4,141 SF
Price / SF$127.75
Days on Market217
Property Features for 2440 Dumaine Street
General Information
- Standard status
- Active
- Size
- 4,141 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1928
Listing Agency:
eXp Realty, LLC
(225) 772-2836
Listed By:
Precious Winford · License #995702796
(225) 772-2836
Source:
Compass
Added: Dec 19, 2025
Changed: Jul 23
Last Checked: Jul 23 at 3:45PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
2440 Dumaine Street is a fully occupied quadplex featuring four residential units. Each unit offers 2 bedrooms and 1 bathroom. The property was fully renovated in 2021, and current marketing notes indicate the opportunity for light TLC to further enhance the property over time. In addition to the residential units, there is ground-level space that may have potential for a commercial storefront; buyers are instructed to verify zoning and use.
The property is located in the heart of the Historic Treme District. Historic tax credit qualification is noted in the listing, with certificates referenced in the attachments. Current gross rent is stated at $6,600 per month.
The seller is requesting that tenants are not disturbed, and the property is being sold as-is where is with no repairs by the seller.
The property is located in the heart of the Historic Treme District. Historic tax credit qualification is noted in the listing, with certificates referenced in the attachments. Current gross rent is stated at $6,600 per month.
The seller is requesting that tenants are not disturbed, and the property is being sold as-is where is with no repairs by the seller.
Key Highlights
- Four‑unit multi‑family property (quadplex) with 2 bedrooms and 1 bathroom per unit
- Fully occupied and income‑producing, with gross rent currently $6,600/month
- Renovated in 2021 and offers centralized heating and central air
Financial Insights For Apartment 5plus
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 | $96.4k | $23.28 |
| − Vacancy | −$8.8k | −$2.12 |
| EGI | $87.6k | $21.16 |
| − OpEx | −$39.4k | −$9.52 |
| NOI | $48.2k | $11.64 |
4,141 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$749.1K
$655.4K – $873.9K
NOI $52,435 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$688.5K
$602.5K – $803.3K
NOI $48,196 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$1.08M
$948.1K – $1.26M
NOI $75,850 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully occupied quadplex with four renovated 2-bedroom units and a ground-level space that may support a commercial storefront.
Where is this quadplex located?
The property is located at 2440 Dumaine 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: Four‑unit multi‑family property (quadplex) with 2 bedrooms and 1 bathroom per unit; Fully occupied and income‑producing, with gross rent currently $6,600/month; Renovated in 2021 and offers centralized heating and central air
