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Renovated Historic Central City Duplex

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
Listed by Laura Smith · License #995710701
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 (±1% cap)
NOI $15,448 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$202.8K
$177.5K – $236.7K (±1% cap)
NOI $14,199 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$310.1K
$271.3K – $361.8K (±1% cap)
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

Suggested Use

Electrical Service Kitchen & Bath Showroom Accounting Firm Building Supply Carpet & Flooring Store Locksmith Home Appliance Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

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.
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