Arts and Crafts Duplex
2705 Bruxelles Street New Orleans, LA 70119
2705 Bruxelles Street, New Orleans, LA, 70119
$298,000
For Sale
$298,000
Restored duplex renovated in 2014 with hardwood floors, arched doorways, two shotgun bedrooms per unit, and a fenced backyard.
Property Size1,742 SF
Price / SF$171.07
Days on Market90
Property Features for 2705 Bruxelles Street
General Information
- Standard status
- Active
- Size
- 1,742 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing agency
Reese & Company Real Estate, LLC
(504) 481-4091
Listed by
Gigi Reisman · License #995702430
(504) 481-4091
Source
Compass
Added: Apr 25 Updated: Jul 23 at 5:47AM Checked: Jul 23 at 5:47AM
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 Reese & Company Real Estate, LLC
Investment Insights
Based on property information with market context.
This lovingly restored Arts and Crafts double was built in the 1920s and renovated in 2014. The home features hardwood floors, Deco built-in cabinets, Craftsman fireplace mantles, and arched doorways. Both units include two traditional shotgun bedrooms and an updated bath, with artful touches throughout.
One side (2705) offers an open concept kitchen and living area with cypress beams and mini-splits. A wide, covered front porch provides a welcoming entry. Outside, the fully fenced, lush backyard includes fig, sweet olive, gardenia, and blood orange trees.
The rear bargeboard shed is split into two sections: one is climate controlled and suited for a guest space, office, or workshop, and the other provides shared laundry and storage. The New Orleans Fairgrounds’ front gates are described as a short ten minute walk, with Bayou St. John, City Park, and Bayou Rd also within walking distance, and easy access to I-10 and 610 from a quiet street.
One side (2705) offers an open concept kitchen and living area with cypress beams and mini-splits. A wide, covered front porch provides a welcoming entry. Outside, the fully fenced, lush backyard includes fig, sweet olive, gardenia, and blood orange trees.
The rear bargeboard shed is split into two sections: one is climate controlled and suited for a guest space, office, or workshop, and the other provides shared laundry and storage. The New Orleans Fairgrounds’ front gates are described as a short ten minute walk, with Bayou St. John, City Park, and Bayou Rd also within walking distance, and easy access to I-10 and 610 from a quiet street.
Key Highlights
- Restored 1920 Arts and Crafts duplex renovated in 2014 in the Fairgrounds neighborhood
- 4 bedrooms total with 2 full bathrooms; each unit has two traditional shotgun bedrooms
- Original details include hardwood floors, Deco built‑in cabinets, Craftsman fireplace mantles, and arched doorways
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 | $34.5k | $19.80 |
| − Vacancy | −$3.0k | −$1.71 |
| EGI | $31.5k | $18.09 |
| − OpEx | −$9.5k | −$5.43 |
| NOI | $22.1k | $12.66 |
1,742 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$315.1K
$275.7K – $367.6K
NOI $22,058 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$289.6K
$253.4K – $337.9K
NOI $20,275 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$455.8K
$398.9K – $531.8K
NOI $31,908 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Restored duplex renovated in 2014 with hardwood floors, arched doorways, two shotgun bedrooms per unit, and a fenced backyard.
Where is this duplex located?
The property is located at 2705 Bruxelles Street New Orleans, LA.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Restored 1920 Arts and Crafts duplex renovated in 2014 in the Fairgrounds neighborhood; 4 bedrooms total with 2 full bathrooms; each unit has two traditional shotgun bedrooms; Original details include hardwood floors, Deco built‑in cabinets, Craftsman fireplace mantles, and arched doorways
