Renovated Duplex with Updated
For Sale
$254,000
2709 11 3rd St, New Orleans, LA 70113
Two-unit property with in-unit laundry, granite countertops, hardwood flooring, and tall ceilings.
Property Size1,220 SF
Price / SF$208.20
Days on Market66
Property Features for 2709 11 3rd St
General Information
Standard status
Active
Size
1,220 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
hard wood floors
high end finishes
Washer and Dryer
Granite Counter Tops
high ceilings
Building Details
Year Built
1950
Year Renovated
2018
Listing Agency:
Tuxor Realty
(713) 893-5580
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Aug 1
Changed: Oct 4
Last Checked: Oct 5 at 6:26PM
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 Tuxor Realty
Investment Insights
Based on property information with market context.
This duplex contains 1,220 SF and was renovated to the studs in 2018. Improvements included replacement electrical, plumbing, HVAC, roofing, and hot water systems. Both units feature hardwood floors, granite countertops, high ceilings, and dedicated washer and dryer appliances, creating a consistent residential layout across the property.
Located at 2709-11 3rd St in New Orleans, the property is identified in the Central City area. Its two-unit configuration supports either owner occupancy or operation as an income-producing residential property. The duplex may also be purchased as part of a package with 2713-15 Third St and 2705-07 Third St.
Located at 2709-11 3rd St in New Orleans, the property is identified in the Central City area. Its two-unit configuration supports either owner occupancy or operation as an income-producing residential property. The duplex may also be purchased as part of a package with 2713-15 Third St and 2705-07 Third St.
Key Highlights
- 1,220 SF duplex at 2709‑11 3rd St, New Orleans, LA 70113
- Renovated to the studs in 2018
- New electric, plumbing, HVAC, roof, and hot water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,448
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,960
$309.0K
Cap Rate 7%
$220,686
$220.7K
Cap Rate 9%
$171,644
$171.6K
Market Conditions
NOI Build-Up for 1,220 SF
Gross rent
$24.2K $19.80/SF
− Vacancy
−$2.1K −$1.71/SF
EGI
$22.1K $18.09/SF
− OpEx
−$6.6K −$5.43/SF
NOI
$15.4K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,960
Cap Rate 7%
$220,686
Cap Rate 9%
$171,644
Alternative Uses
Best Use
Multifamily LT 5
$220.7K
$193.1K – $257.5K
NOI $15,448 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$202.8K
$177.5K – $236.7K
NOI $14,199 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$310.1K
$271.3K – $361.8K
NOI $21,706 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with in-unit laundry, granite countertops, hardwood flooring, and tall ceilings.
Where is this duplex located?
The property is located at 2709 11 3rd St New Orleans, LA.
What is the asking price?
The asking price for this property is $254,000.
What are key features of this property?
This property features: 1,220 SF duplex at 2709‑11 3rd St, New Orleans, LA 70113; Renovated to the studs in 2018; New electric, plumbing, HVAC, roof, and hot water heaters
