Cottage-Style Duplex with In-Unit
2441 CHARTRES Street New Orleans, LA 70117
2441 CHARTRES Street, New Orleans, LA, 70117
$390,000
For Sale
$390,000
MULTI_FAMILY - New Orleans, LA
Property Size1,859 SF
Lot Size0.04 Acres
Price / SF$209.79
Days on Market8
Property Features for 2441 CHARTRES Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 38W100907
- Size
- 1,859 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Description
- SQ 150 LOT A PT 6 CHARTRES & SPAIN 32 X 48 DBLE 4/RM S/R 2437-41 CHARTRES ST
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1917
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Cottage
Listing Agency
eXp Realty, LLC
(337) 522-7554
650 Poydras St, New Orleans, LA
Listed by
Andre Cardinale
(337) 522-7554
Added: Jul 10 Checked: Jul 17 at 7:06 am
MLS# 2566668
Listing URL
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This cottage-style duplex offers two separate units with dedicated in-unit laundry. Major improvements include a full roof replacement and a new HVAC condenser in 2022. One side of the duplex has updated modern plumbing both inside and under the slab, supporting a more reliable long-term operating setup.
The property is located in the Faubourg Marigny area of New Orleans, with access to the French Quarter and nearby entertainment along Frenchmen Street described in the public remarks.
The configuration is designed for comfortable day-to-day livability with a more modern, functional flow between living spaces, while also supporting privacy between units.
The property is located in the Faubourg Marigny area of New Orleans, with access to the French Quarter and nearby entertainment along Frenchmen Street described in the public remarks.
The configuration is designed for comfortable day-to-day livability with a more modern, functional flow between living spaces, while also supporting privacy between units.
Key Highlights
- Cottage‑style duplex built in 1917 in the historic Faubourg Marigny neighborhood
- Central heating and central air conditioning with public water service
- Full roof replacement completed, plus a new HVAC condenser in 2022
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 | $36.8k | $19.80 |
| − Vacancy | −$3.2k | −$1.71 |
| EGI | $33.6k | $18.09 |
| − OpEx | −$10.1k | −$5.43 |
| NOI | $23.5k | $12.66 |
1,859 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.3K
$294.3K – $392.3K
NOI $23,540 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$309.1K
$270.5K – $360.6K
NOI $21,637 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$472.5K
$413.4K – $551.3K
NOI $33,075 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Cottage-style duplex for sale featuring dedicated in-unit laundry and major updates including roof replacement and 2022 HVAC condenser.
Where is this duplex located?
The property is located at 2441 CHARTRES Street New Orleans, LA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Cottage‑style duplex built in 1917 in the historic Faubourg Marigny neighborhood; Central heating and central air conditioning with public water service; Full roof replacement completed, plus a new HVAC condenser in 2022
