Duplex with
For Sale
$399,000
2616 BURDETTE Street, New Orleans, LA 70125
Multifamily, New Orleans, LA
Property Size2,422 SF
Price / SF$164.74
Days on Market110
Property Features for 2616 BURDETTE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking
2
Parking features
Off Street
Directions
From Carrolton turn on Fountainbleau Dr, turn left on Burdette on the left. From Claiborne turn on Burdette, go straight for three blocks, on the left.
Standard status
Active
APN
716324307
Size
2,422 SF
Taxes and HOA fees
Tax Description
1. SQ 383 LOT L BURDETTE 2. 35 X 105
Legal Description
1. SQ 383 LOT L BURDETTE 2. 35 X 105
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Ductless (Heating), Central
Cooling system
Ductless, Central Air, Wall Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Tile, Wood
Building materials
Wood Siding
Buildings
1
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Clare M Folson · License #995689817
(504) 261-9152
Added: Jul 6
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2566370
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.
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Investment Insights
Based on property information with market context.
This 2,422-square-foot duplex, built in 1920, has two levels with separate living areas. The upper floor includes two bedrooms, an office, a sunroom, a double parlor, formal dining room, kitchen with breakfast nook, and full bath. Downstairs are a bedroom, a large living, dining, and office area, a kitchenette, and another full bath. Side and rear doors provide separate entry options. Recent work includes double-pane windows, repaired and painted siding, and newer mini-splits on the lower level. The property also has a garage and off-street parking.
Located on Burdette Street in New Orleans, the property is in an X flood zone. The street has recently been repaved.
Located on Burdette Street in New Orleans, the property is in an X flood zone. The street has recently been repaved.
Key Highlights
- 2,422 square feet across two levels
- Built in 1920
- Lower level includes a bedroom, kitchenette, full bath, and separate side and rear doors
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.
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Lease Details
2
Residential units
Yes
Paved road access
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two levels provide distinct living areas, including a lower-level kitchenette and separate side and rear entrances.
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 $399,000.
What are key features of this property?
This property features: 2,422 square feet across two levels; Built in 1920; Lower level includes a bedroom, kitchenette, full bath, and separate side and rear doors
