Renovated Duplex with 2
2644 Gladiolus Street New Orleans, LA 70122
For Sale
$325,000
Renovated duplex offering a 3-bedroom main residence and a private 1-bedroom, 1-bath unit with major system upgrades.
Property Size1,656 SF
Price / SF$196.26
Days on Market91
Property Features for 2644 Gladiolus Street
General Information
- Standard status
- Active
- Size
- 1,656 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 289-4810
Listed By:
John McCann · License #995704833
(504) 289-4810
Source:
Compass
Added: Apr 24
Changed: Jul 23
Last Checked: Jul 23 at 11:15AM
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This renovated duplex features two separate living units. The main residence is laid out with 3 bedrooms and 2 bathrooms, designed around a bright, open interior flow. The second unit provides a private 1-bedroom, 1-bath configuration.
The property has undergone major system upgrades, including a new roof, updated plumbing and electrical, and new appliances. Finishes throughout have been refreshed as part of the complete redesign.
As a two-unit residential income property, it offers one home plus an additional unit within the same building, providing flexibility for live-in owners seeking built-in rental space.
The property has undergone major system upgrades, including a new roof, updated plumbing and electrical, and new appliances. Finishes throughout have been refreshed as part of the complete redesign.
As a two-unit residential income property, it offers one home plus an additional unit within the same building, providing flexibility for live-in owners seeking built-in rental space.
Key Highlights
- Renovated duplex with a 3‑bedroom, 2‑bath main residence plus a private 1‑bedroom, 1‑bath second unit
- Major upgrades completed: new roof, updated plumbing and electrical, and new appliances
- Central air conditioning and central heating
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 | $26.8k | $16.20 |
| − Vacancy | −$2.3k | −$1.40 |
| EGI | $24.5k | $14.80 |
| − OpEx | −$7.4k | −$4.44 |
| NOI | $17.2k | $10.36 |
1,656 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$245.1K
$214.5K – $286.0K
NOI $17,157 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$212.9K
$186.3K – $248.4K
NOI $14,903 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$433.3K
$379.2K – $505.6K
NOI $30,333 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated duplex offering a 3-bedroom main residence and a private 1-bedroom, 1-bath unit with major system upgrades.
Where is this duplex located?
The property is located at 2644 Gladiolus Street New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Renovated duplex with a 3‑bedroom, 2‑bath main residence plus a private 1‑bedroom, 1‑bath second unit; Major upgrades completed: new roof, updated plumbing and electrical, and new appliances; Central air conditioning and central heating
