Creole-Style
For Sale
$169,000
2816-18 COMUS Court, New Orleans, LA 70117
2011-built duplex featuring window-unit cooling and a cottage-style exterior.
Property Size1,175 SF
Price / SF$143.83
Days on Market64
Property Features for 2816-18 COMUS Court
General Information
Standard status
Active
Size
1,175 SF
Property subtype
Residential Income
Amenities
Window Unit(s)
Cottage, Creole
Building Details
Year Built
2011
Stories
1
Listing Agency:
ARMSTRONG REALTY
Listed By:
Linda Nguyen · License #912123849
(504) 220-6562
Source:
Evrealestate
Added: Aug 3
Changed: Sep 20
Last Checked: Oct 4 at 9:28AM
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 ARMSTRONG REALTY
Investment Insights
Based on property information with market context.
This duplex at 2816-18 Comus Court in New Orleans was built in 2011 and presents a cottage-style exterior with Creole architectural character. Window-unit cooling is identified among the interior features, while no additional exterior features are specified.
The property is located in Orleans Parish. The recorded property size is 1,175 square feet. Access directions run from Elysian Fields to Florida Avenue, Almonaster Avenue, and Comus Court, with the property situated on the left.
The property is located in Orleans Parish. The recorded property size is 1,175 square feet. Access directions run from Elysian Fields to Florida Avenue, Almonaster Avenue, and Comus Court, with the property situated on the left.
Key Highlights
- Duplex at 2816‑18 Comus Court, New Orleans, LA 70117
- Built in 2011
- 1,175 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,878
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,560
$297.6K
Cap Rate 7%
$212,543
$212.5K
Cap Rate 9%
$165,311
$165.3K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$23.3K $19.80/SF
− Vacancy
−$2.0K −$1.71/SF
EGI
$21.3K $18.09/SF
− OpEx
−$6.4K −$5.43/SF
NOI
$14.9K $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%
$297,560
Cap Rate 7%
$212,543
Cap Rate 9%
$165,311
Alternative Uses
Best Use
Multifamily LT 5
$212.5K
$186.0K – $248.0K
NOI $14,878 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$195.4K
$171.0K – $227.9K
NOI $13,676 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$298.6K
$261.3K – $348.4K
NOI $20,905 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 2011-built duplex featuring window-unit cooling and a cottage-style exterior.
Where is this duplex located?
The property is located at 2816-18 COMUS Court New Orleans, LA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Duplex at 2816‑18 Comus Court, New Orleans, LA 70117; Built in 2011; 1,175 square feet of property size
