Raised-Basement Duplex with
For Sale
$416,000
2616 BURDETTE Street, New Orleans, LA 70125
Multi-Family, Raised Basement, New Orleans, LA
Property Size2,422 SF
Price / SF$171.76
Days on Market92
Property Features for 2616 BURDETTE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage, Off Street
Exterior features
Fence, Window Screens
Fencing
Fenced
Lot features
Regular
Subdivision
Maryville Fountainbl
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
Heating system
Other (Heating), Ductless (Heating), Central
Cooling system
Central Air, Wall Unit(s), Ductless
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Clare Folson · License #995689817
(504) 261-9152
Added: Jul 6
Changed: Sep 16
Last Checked: Oct 5 at 12:06PM
MLS# 2566370
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,422-square-foot duplex, built in 1920, combines preserved architectural elements with adaptable living areas. The upper level includes an air-conditioned sunroom, double parlor, formal dining room, kitchen with breakfast nook, two bedrooms, an office, and a full bathroom. The lower level adds one bedroom, a large living, dining, and office area, a kitchenette, and a second full bathroom, with side and rear entrances that support flexible use. The lower bedroom may remain part of the owner’s unit, while the lower space can be converted to a large studio.
Recent work includes double-pane windows, repaired and freshly painted siding, and newer ductless mini-splits downstairs. Hardwood floors, plaster walls, picture molding, stained-glass French casement windows, a shingle roof, and public water service are also included. Exterior features include fencing, off-street parking, and a garage. The property is in an X flood zone, and Burdette Street has recently been repaved.
Recent work includes double-pane windows, repaired and freshly painted siding, and newer ductless mini-splits downstairs. Hardwood floors, plaster walls, picture molding, stained-glass French casement windows, a shingle roof, and public water service are also included. Exterior features include fencing, off-street parking, and a garage. The property is in an X flood zone, and Burdette Street has recently been repaved.
Key Highlights
- 2,422‑square‑foot duplex built in 1920
- Upper level includes sunroom, double parlor, dining room, two bedrooms, and office
- Lower level has one bedroom, kitchenette, full bathroom, and separate side and rear doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,669
Cap Rate
7.37%
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 7.37%
Second Best
Apartment 5plus
$402.7K
$352.4K – $469.8K
NOI $28,189 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$615.6K
$538.6K – $718.2K
NOI $43,091 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with original architectural details, flexible lower-level space, and private parking improvements.
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 $416,000.
What are key features of this property?
This property features: 2,422‑square‑foot duplex built in 1920; Upper level includes sunroom, double parlor, dining room, two bedrooms, and office; Lower level has one bedroom, kitchenette, full bathroom, and separate side and rear doors
