Duplex with
For Sale
$350,000
2530-32 Martin Luther King Jr Boulevard, New Orleans, LA 70113
Two residential units combine six bedrooms and four bathrooms with central air, stainless steel appliances, and balcony space.
Property Size2,200 SF
Price / SF$159.09
Days on Market364
Property Features for 2530-32 Martin Luther King Jr Boulevard
General Information
Standard status
Active
Size
2,200 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$44,808
Amenities
stainless steel appliances
Central Air
Central
2
4
6
Asphalt
Balcony
Pillar/Post/Pier
HardiPlank Type
Building Details
Year Built
2025
Listing Agency:
Gulf Meridian Realty
Listed By:
Ashley Henry · License #995694707
(504) 287-3030
Source:
Compass
Added: Oct 22, 2025
Changed: Oct 16
Last Checked: Oct 19 at 8:15AM
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 Gulf Meridian Realty
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Investment Insights
Based on property information with market context.
Built in 2025, this 2,200-square-foot duplex includes two residential units, with each unit offering three bedrooms and two bathrooms. The property totals six bedrooms and four bathrooms, with stainless steel appliances and central air among the listed interior features. Exterior details include a balcony, HardiPlank Type siding, pillar/post/pier construction, and an asphalt surface.
The property is located at 2530-32 Martin Luther King Jr Boulevard in New Orleans, Louisiana, within the 70113 ZIP code.
The property is located at 2530-32 Martin Luther King Jr Boulevard in New Orleans, Louisiana, within the 70113 ZIP code.
Key Highlights
- Built in 2025
- 2,200‑square‑foot duplex with two residential units
- Each unit includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,857
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,140
$557.1K
Cap Rate 7%
$397,957
$398.0K
Cap Rate 9%
$309,522
$309.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$43.6K $19.80/SF
− Vacancy
−$3.8K −$1.71/SF
EGI
$39.8K $18.09/SF
− OpEx
−$11.9K −$5.43/SF
NOI
$27.9K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,140
Cap Rate 7%
$397,957
Cap Rate 9%
$309,522
Alternative Uses
Best Use
Multifamily LT 5
$398.0K
$348.2K – $464.3K
NOI $27,857 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$365.8K
$320.1K – $426.8K
NOI $25,605 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$559.2K
$489.3K – $652.4K
NOI $39,142 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,683
Businesses Nearby
Explore this area
Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine six bedrooms and four bathrooms with central air, stainless steel appliances, and balcony space.
Where is this duplex located?
The property is located at 2530-32 Martin Luther King Jr Boulevard New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Built in 2025; 2,200‑square‑foot duplex with two residential units; Each unit includes 3 bedrooms and 2 bathrooms
