Two-Story Duplex with
For Sale
$559,000
2830-32 Palmer Avenue, New Orleans, LA 70118
Two residential units offer hardwood floors, central air, flexible fourth-bedroom space, and shared outdoor areas.
Property Size3,458 SF
Price / SF$161.65
Days on Market343
Property Features for 2830-32 Palmer Avenue
General Information
Standard status
Active
Size
3,458 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Amenities
Central Air
Central
1
4
8
Asphalt
Other
2
Pillar/Post/Pier
Stucco
Listing Agency:
Crescent Sotheby's International Realty
Listed By:
Dawnne Keeney · License #995696801
(504) 650-3912
Source:
Compass
Added: Nov 11, 2025
Changed: Oct 11
Last Checked: Oct 19 at 9:12AM
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 Crescent Sotheby's International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story duplex at 2830-32 Palmer Avenue contains two residential units, each arranged with four bedrooms and two full bathrooms. The 3,458-square-foot property includes spacious living and dining rooms, separate kitchens, center-hall layouts, hardwood flooring, and central air. Fourth bedrooms provide additional room for office or playroom use. Each unit also has covered rear parking, and the property includes a shared concrete patio for outdoor dining and grilling.
Off-street parking accommodates eight cars, with spaces in the front, driveway, and covered rear area. The property is located a few blocks from Tulane and Loyola campuses, near Claiborne Avenue dining, and convenient to Maple Street and Carrollton Avenue restaurants, shops, and retail services.
Off-street parking accommodates eight cars, with spaces in the front, driveway, and covered rear area. The property is located a few blocks from Tulane and Loyola campuses, near Claiborne Avenue dining, and convenient to Maple Street and Carrollton Avenue restaurants, shops, and retail services.
Key Highlights
- 3,458‑square‑foot two‑story duplex with two residential units
- Each unit includes 4 bedrooms and 2 full baths
- Off‑street parking for EIGHT cars: 4 in front, 2 in driveway, and 2 covered in rear area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,787
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,740
$875.7K
Cap Rate 7%
$625,529
$625.5K
Cap Rate 9%
$486,522
$486.5K
Market Conditions
NOI Build-Up for 3,458 SF
Gross rent
$68.5K $19.80/SF
− Vacancy
−$5.9K −$1.71/SF
EGI
$62.6K $18.09/SF
− OpEx
−$18.8K −$5.43/SF
NOI
$43.8K $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%
$875,740
Cap Rate 7%
$625,529
Cap Rate 9%
$486,522
Alternative Uses
Best Use
Multifamily LT 5
$625.5K
$547.3K – $729.8K
NOI $43,787 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$575.0K
$503.1K – $670.8K
NOI $40,247 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$878.9K
$769.1K – $1.03M
NOI $61,524 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer hardwood floors, central air, flexible fourth-bedroom space, and shared outdoor areas.
Where is this duplex located?
The property is located at 2830-32 Palmer Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 3,458‑square‑foot two‑story duplex with two residential units; Each unit includes 4 bedrooms and 2 full baths; Off‑street parking for EIGHT cars: 4 in front, 2 in driveway, and 2 covered in rear area
