Shotgun Duplex with Original
For Sale
$249,000
2544 ST PHILIP, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size1,633 SF
Price / SF$152.48
Days on Market170
Property Features for 2544 ST PHILIP
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
Standard status
Active
APN
2544
Size
1,633 SF
Taxes and HOA fees
Tax Description
SQ 322 LOT 98
Legal Description
SQ 322 LOT 98
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1912
Number of units
2
Architectural style
Shotgun
Listing Agency:
Crane Realtors
Listed By:
Aaron Dare · License #995681183
(504) 210-2014
Added: May 8
Changed: Oct 23
Last Checked: Oct 24 at 12:06AM
MLS# 2557151
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1912, this 1,633-square-foot shotgun duplex contains two units, each with wood floors, tall ceilings, original fireplaces, transom windows and natural light. The layout includes four bedrooms and two bathrooms in total. Central heating serves the property, with central air and window-unit cooling. Public water and sewer are available, along with natural gas service.
Key Highlights
- Two‑unit shotgun‑style property built in 1912
- 1,633 square feet with four bedrooms and two bathrooms
- Original fireplaces, transom windows, wood floors and tall ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,678
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,560
$413.6K
Cap Rate 7%
$295,400
$295.4K
Cap Rate 9%
$229,756
$229.8K
Market Conditions
NOI Build-Up for 1,633 SF
Gross rent
$32.3K $19.80/SF
− Vacancy
−$2.8K −$1.71/SF
EGI
$29.5K $18.09/SF
− OpEx
−$8.9K −$5.43/SF
NOI
$20.7K $12.66/SF
Area
ZIP 70119
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%
$413,560
Cap Rate 7%
$295,400
Cap Rate 9%
$229,756
Alternative Uses
Best Use
Multifamily LT 5
$295.4K
$258.5K – $344.6K
NOI $20,678 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$271.5K
$237.6K – $316.8K
NOI $19,006 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$427.3K
$373.9K – $498.5K
NOI $29,911 @ 7.0% cap · market cap 12.01%
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
1,710
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer a flexible layout with central heating and a mix of central and window-unit cooling.
Where is this duplex located?
The property is located at 2544 ST PHILIP New Orleans, LA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit shotgun‑style property built in 1912; 1,633 square feet with four bedrooms and two bathrooms; Original fireplaces, transom windows, wood floors and tall ceilings
