Duplex with Two
2721-23 Calhoun Street New Orleans, LA 70118
2721-23 Calhoun Street, New Orleans, LA, 70118
$699,000
For Sale
$699,000
Spacious duplex with two separate units, each with its own private driveway and off-street parking.
Property Size3,900 SF
Lot Size0.13 Acres
Price / SF$179.23
Days on Market285
Property Features for 2721-23 Calhoun Street
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Lot size
- 0.13 Acres
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1927
Listing agency
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 237-8615
Listed by
Charlotte Dorion · License #000044739
(504) 237-8615
Source
Compass
Added: Oct 12, 2025 Updated: Jul 22 at 5:32PM Checked: Jul 22 at 5:32PM
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 Berkshire Hathaway HomeServices Preferred, REALTOR
Investment Insights
Based on property information with market context.
Spacious 6-bedroom, 4-bath duplex offering two independent units. Each unit provides three bedrooms, two full baths, a private driveway, and off-street parking, plus a covered 2-car carport. The home features 10-ft ceilings, wood floors, built-ins, abundant storage, and a gas fireplace. The lower unit includes stained glass shutters, a chef’s kitchen with granite countertops and custom wood cabinetry, side-by-side full-size refrigerator and freezer, and updated primary suite baths. The upper unit features an enclosed front porch, a large primary suite with multiple closets, Jack-and-Jill bedrooms sharing a full bath, and a spacious eat-in kitchen with a separate laundry room. Inside laundry adds convenience, and the property has two electric and two water meters. A new roof was installed in 2021, and there’s a large backyard on a 50 x 116 lot.
Located near Audubon Park and the Zoo, with walkable access to Magazine and Freret Street shops and restaurants. The property also presents a stated possibility of converting to a single-family home, while currently configured as an owner-occupy/income duplex.
Located near Audubon Park and the Zoo, with walkable access to Magazine and Freret Street shops and restaurants. The property also presents a stated possibility of converting to a single-family home, while currently configured as an owner-occupy/income duplex.
Key Highlights
- Large 6‑bedroom, 4‑bath duplex with two 3‑bedroom/2‑bath units and 2 floors
- Each unit has its own private driveway plus off‑street parking (fits 3–4 cars per side) and a covered 2‑car carport
- 50 x 116 lot with a shady backyard for outdoor entertaining
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 | $77.2k | $19.80 |
| − Vacancy | −$6.7k | −$1.71 |
| EGI | $70.5k | $18.09 |
| − OpEx | −$21.2k | −$5.43 |
| NOI | $49.4k | $12.66 |
3,900 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$705.5K
$617.3K – $823.1K
NOI $49,384 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$648.4K
$567.4K – $756.5K
NOI $45,391 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$991.3K
$867.4K – $1.16M
NOI $69,388 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious duplex with two separate units, each with its own private driveway and off-street parking.
Where is this duplex located?
The property is located at 2721-23 Calhoun Street New Orleans, LA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Large 6‑bedroom, 4‑bath duplex with two 3‑bedroom/2‑bath units and 2 floors; Each unit has its own private driveway plus off‑street parking (fits 3–4 cars per side) and a covered 2‑car carport; 50 x 116 lot with a shady backyard for outdoor entertaining
