Character Duplex with Off-Street
For Sale
$399,000
2616 Burdette St, New Orleans, LA 70125
Two-level layout includes lower-level access, a garage, and original architectural details.
Property Size2,422 SF
Price / SF$164.74
Days on Market106
Property Features for 2616 Burdette St
General Information
Standard status
Active
Size
2,422 SF
Property subtype
Residential Income
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Clare Folson · License #995689817
(504) 261-9152
Source:
Exprealty
Added: Jul 6
Changed: Oct 19
Last Checked: Oct 19 at 10:13AM
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
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 1920, this duplex combines original character with practical updates across a 2,422-square-foot layout. The upper level includes a sunroom, double parlor, formal dining room, kitchen with breakfast nook, two bedrooms, an office, and a full bathroom. The lower level provides one bedroom, expansive living, dining, and office areas, a kitchenette, and another full bathroom, with side and rear doors offering separate access. The lower bedroom may remain part of the owner’s unit, while the rental area can be reconfigured as a larger studio.
Recent improvements include double-pane windows, repaired and painted siding, and newer mini-splits downstairs. A garage and off-street parking add functionality. The property is located on Burdette Street in New Orleans’ Fontainebleau neighborhood, with the street recently repaved. It is also situated in an X flood zone, and pre-listing inspection reports are available.
Recent improvements include double-pane windows, repaired and painted siding, and newer mini-splits downstairs. A garage and off-street parking add functionality. The property is located on Burdette Street in New Orleans’ Fontainebleau neighborhood, with the street recently repaved. It is also situated in an X flood zone, and pre-listing inspection reports are available.
Key Highlights
- 2,422‑square‑foot duplex built in 1920
- Upper level includes 2 bedrooms, office, sunroom, double parlor, dining room, kitchen, and full bathroom
- Lower level features 1 bedroom, kitchenette, living, dining, office areas, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,669
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,380
$613.4K
Cap Rate 7%
$438,129
$438.1K
Cap Rate 9%
$340,767
$340.8K
Market Conditions
NOI Build-Up for 2,422 SF
Gross rent
$48.0K $19.80/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$43.8K $18.09/SF
− OpEx
−$13.1K −$5.43/SF
NOI
$30.7K $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%
$613,380
Cap Rate 7%
$438,129
Cap Rate 9%
$340,767
Alternative Uses
Best Use
Multifamily LT 5
$438.1K
$383.4K – $511.2K
NOI $30,669 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$402.7K
$352.4K – $469.8K
NOI $28,189 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$615.6K
$538.6K – $718.2K
NOI $43,091 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level layout includes lower-level access, a garage, and original architectural details.
Where is this duplex located?
The property is located at 2616 Burdette St New Orleans, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,422‑square‑foot duplex built in 1920; Upper level includes 2 bedrooms, office, sunroom, double parlor, dining room, kitchen, and full bathroom; Lower level features 1 bedroom, kitchenette, living, dining, office areas, and full bathroom
