Renovated Historic Central City
2709-11 Third Street New Orleans, LA 70113
2709-11 Third Street, New Orleans, LA, 70113
$259,000
For Sale
$259,000
Renovated duplex with modern amenities, ideal for owner-occupancy or investment.
Property Size1,220 SF
Price / SF$212.30
Days on Market217
Property Features for 2709-11 Third Street
General Information
- Standard status
- Active
- Size
- 1,220 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1950
Listing Agency
NORF Realty LLC
(504) 722-3376
Listed by
Laura Smith · License #995710701
(504) 722-3376
Source
Compass
Added: Dec 12, 2025 Checked: Jul 17 at 4:19 am
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 NORF Realty LLC
Investment Insights
Based on property information with market context.
This historic duplex, located in Central City, was renovated to the studs in 2018. The renovation included new electric, plumbing, HVAC, roof, and hot water heaters. The property, suitable for owner occupancy or as a turnkey investment, features hardwood floors and high-end finishes. Each unit is equipped with a washer and dryer, granite countertops, and high ceilings. The property size is approximately 1220 square feet. Please note that all measurements are approximate and not guaranteed. This property can be sold as a package deal with 2713-15 Third St and 2705-07 Third St.
Key Highlights
- Completely renovated in 2018 with new electric, plumbing, HVAC, roof, and hot water heaters.
- Duplex: Ideal for owner‑occupancy or a turnkey investment.
- Each unit includes a washer and dryer.
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 | $24.2k | $19.80 |
| − Vacancy | −$2.1k | −$1.71 |
| EGI | $22.1k | $18.09 |
| − OpEx | −$6.6k | −$5.43 |
| NOI | $15.4k | $12.66 |
1,220 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$220.7K
$193.1K – $257.5K
NOI $15,448 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$202.8K
$177.5K – $236.7K
NOI $14,199 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$310.1K
$271.3K – $361.8K
NOI $21,706 @ 7.0% cap · market cap 8.38%
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 - Renovated duplex with modern amenities, ideal for owner-occupancy or investment.
Where is this duplex located?
The property is located at 2709-11 Third Street New Orleans, LA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Completely renovated in 2018 with new electric, plumbing, HVAC, roof, and hot water heaters.; Duplex: Ideal for owner‑occupancy or a turnkey investment.; Each unit includes a washer and dryer.