Shotgun Duplex with Separate
2809-11 Aubry Street New Orleans, LA 70119
2809-11 Aubry Street, New Orleans, LA, 70119
$350,000
Pending
For Sale
$350,000
Pending
Well-maintained double features separate electric, gas, and water meters for each side and a private backyard patio.
Property Size1,776 SF
Days on Market31
Property Features for 2809-11 Aubry Street
General Information
- Standard status
- Pending
- Size
- 1,776 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing agency
Crane Realtors
(504) 210-2014
Listed by
Aaron Dare · License #995681183
(504) 210-2014
Source
Compass
Added: Jun 22 Updated: Jul 21 at 3:55AM Checked: Jul 22 at 8:34AM
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 Crane Realtors
Investment Insights
Based on property information with market context.
This well-maintained double offers flexible living arrangements, including one side currently vacant. The shotgun layout places the kitchens into the second rooms of the home, and it includes light-filled living spaces, hardwood floors, spacious kitchens, generous bedrooms, and a dedicated laundry room. Each side has separate electric, gas, and water meters, supporting independent living and simplifying property management.
Located in the heart of the Fairgrounds Triangle neighborhood, the property is minutes from City Park, Bayou St John, and neighborhood dining and coffee options along Esplanade Ave.
Outside, a private backyard includes a large patio shaded by a mature oak tree, providing outdoor space for relaxing or entertaining.
Located in the heart of the Fairgrounds Triangle neighborhood, the property is minutes from City Park, Bayou St John, and neighborhood dining and coffee options along Esplanade Ave.
Outside, a private backyard includes a large patio shaded by a mature oak tree, providing outdoor space for relaxing or entertaining.
Key Highlights
- Well‑maintained 1‑story double home with 4 bedrooms and 2 full bathrooms
- Separate electric, gas, and water meters for each side for independent living and easier management
- Shotgun‑style layout with kitchens moved into the second rooms; one side is currently vacant
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 | $35.2k | $19.80 |
| − Vacancy | −$3.0k | −$1.71 |
| EGI | $32.1k | $18.09 |
| − OpEx | −$9.6k | −$5.43 |
| NOI | $22.5k | $12.66 |
1,776 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.3K
$281.1K – $374.8K
NOI $22,489 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$295.3K
$258.4K – $344.5K
NOI $20,671 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$464.7K
$406.6K – $542.2K
NOI $32,531 @ 7.0% cap · market cap 9.29%
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 - Well-maintained double features separate electric, gas, and water meters for each side and a private backyard patio.
Where is this duplex located?
The property is located at 2809-11 Aubry Street New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Well‑maintained 1‑story double home with 4 bedrooms and 2 full bathrooms; Separate electric, gas, and water meters for each side for independent living and easier management; Shotgun‑style layout with kitchens moved into the second rooms; one side is currently vacant
