Two-Unit Residential Income
2616 BURDETTE Street New Orleans, LA 70125
2616 BURDETTE Street, New Orleans, LA, 70125
$435,000
For Sale
$435,000
MULTI_FAMILY - New Orleans, LA
Property Size2,422 SF
Price / SF$179.60
Days on Market13
Property Features for 2616 BURDETTE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Garage
- Exterior features
- Fence, Window Screens
- Fencing
- Fenced
- 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
Utilities
- Heating system
- Other (Heating), Central, Ductless (Heating)
- Cooling system
- Central Air, Ductless, Wall Unit(s)
- 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
650 Poydras St, New Orleans, LA
Listed by
Clare Folson · License #995689817
(337) 522-7554
Added: Jul 6 Checked: Jul 18 at 9:06 am
MLS# 2566370
Listing URL
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 two-unit residential property offers a flexible living and rental arrangement across two levels, with original character throughout. The upstairs includes hardwood floors, plaster walls, picture molding, and stained-glass French casement windows, along with an air-conditioned sunroom, double parlor with a formal dining room, kitchen with a breakfast nook, two bedrooms, a full bathroom, and a bonus office room. Downstairs features one bedroom, a large living/dining/office area, and a kitchenette with a full bathroom. A side and rear door provides a separate entry option for the lower level, and the downstairs configuration could also be converted to a larger studio style layout.
Located at 2616 Burdette Street in the Fontainebleau neighborhood of New Orleans, the home sits on a tree-lined street. The property includes off-street parking and a garage, and it benefits from recent repaving of Burdette Street. The listing also notes the property is in an X flood zone.
Recent updates include new double-pane windows, fresh paint and repaired siding, and newer mini-splits downstairs. A pre-listing inspection was completed for buyer convenience, and related reports are available to interested buyers.
Located at 2616 Burdette Street in the Fontainebleau neighborhood of New Orleans, the home sits on a tree-lined street. The property includes off-street parking and a garage, and it benefits from recent repaving of Burdette Street. The listing also notes the property is in an X flood zone.
Recent updates include new double-pane windows, fresh paint and repaired siding, and newer mini-splits downstairs. A pre-listing inspection was completed for buyer convenience, and related reports are available to interested buyers.
Key Highlights
- 1920‑built home with original details including hardwood floors, plaster walls, picture molding, and stained‑glass French casement windows
- Upstairs sunroom with air‑conditioning plus double parlor with formal dining room and kitchen with breakfast nook
- Flexible layout: upstairs includes 2 bedrooms and a bonus office room; downstairs includes 1 bedroom, a kitchenette area, and a full bathroom
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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A two-story income setup with flexible office and kitchenette space plus off-street parking and a garage.
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: 1920‑built home with original details including hardwood floors, plaster walls, picture molding, and stained‑glass French casement windows; Upstairs sunroom with air‑conditioning plus double parlor with formal dining room and kitchen with breakfast nook; Flexible layout: upstairs includes 2 bedrooms and a bonus office room; downstairs includes 1 bedroom, a kitchenette area, and a full bathroom
