Residential Income Duplex
2616 Burdette Street New Orleans, LA 70125
2616 Burdette Street, New Orleans, LA, 70125
$435,000
For Sale
$435,000
Duplex with separate entrances, off-street parking, and a garage, plus updated windows, siding, and mini-splits.
Property Size2,422 SF
Price / SF$179.60
Days on Market25
Property Features for 2616 Burdette Street
General Information
- Standard status
- Active
- Size
- 2,422 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing agency
eXp Realty, LLC
(504) 261-9152
Listed by
Clare Folson · License #995689817
(504) 261-9152
Source
Compass
Added: Jun 28 Updated: Jul 21 at 10:23PM Checked: Jul 22 at 6:26AM
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.
This duplex home offers two distinct living levels with multiple interior features and recent improvements. Upstairs includes a light-filled, air-conditioned sunroom, spacious double parlor with a formal dining room, a kitchen with a breakfast nook, two bedrooms, a bonus office room, and a full bathroom. Downstairs has one bedroom along with a large living, dining, and office area with a kitchenette and a full bathroom. The downstairs also has a side and rear door that could serve as an additional entrance, and the downstairs layout could be converted into a large studio.
Recent updates include new double-pane windows, freshly painted and repaired siding, and newer mini-splits downstairs. Off-street parking and a garage are also included.
The property is located on Burdette Street and described as being in an X flood zone, with Burdette Street recently repaved. A pre-listing inspection was performed for the buyer’s convenience, and related reports are available to interested buyers.
Recent updates include new double-pane windows, freshly painted and repaired siding, and newer mini-splits downstairs. Off-street parking and a garage are also included.
The property is located on Burdette Street and described as being in an X flood zone, with Burdette Street recently repaved. A pre-listing inspection was performed for the buyer’s convenience, and related reports are available to interested buyers.
Key Highlights
- 2‑story duplex home built in 1920 with 3 bedrooms and 2 full bathrooms
- Central A/C plus wall furnaces; additional newer mini‑splits downstairs
- Recent updates include new double‑pane windows, freshly painted/repaired wood siding, and asphalt roof
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 | $48.0k | $19.80 |
| − Vacancy | −$4.1k | −$1.71 |
| EGI | $43.8k | $18.09 |
| − OpEx | −$13.1k | −$5.43 |
| NOI | $30.7k | $12.66 |
2,422 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.1K
$383.4K – $511.2K
NOI $30,669 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$402.7K
$352.4K – $469.8K
NOI $28,189 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$615.6K
$538.6K – $718.2K
NOI $43,091 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with separate entrances, off-street parking, and a garage, plus updated windows, siding, and mini-splits.
Where is this duplex located?
The property is located at 2616 Burdette Street New Orleans, LA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 2‑story duplex home built in 1920 with 3 bedrooms and 2 full bathrooms; Central A/C plus wall furnaces; additional newer mini‑splits downstairs; Recent updates include new double‑pane windows, freshly painted/repaired wood siding, and asphalt roof
