Side-by-Side Duplex with
For Sale
$415,000
2832 34 Calhoun St, New Orleans, LA 70118
Two mirrored units offer private outdoor space and separate off-street parking.
Property Size3,007 SF
Price / SF$138.01
Days on Market86
Property Features for 2832 34 Calhoun St
General Information
Standard status
Active
Size
3,007 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
deferred maintenance
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
REMAX N.O. Properties
Listed By:
Gary Lazarus · License #000027873
(504) 382-2603
Source:
Fiorellaavenue
Added: Jul 26
Changed: Oct 10
Last Checked: Oct 7 at 2:14PM
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 REMAX N.O. Properties
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Investment Insights
Based on property information with market context.
Built in 1950, this 3,007-square-foot duplex at 2832-34 Calhoun St. contains two side-by-side units with matching layouts. Each side includes a screened front porch, private backyard, and off-street parking. Most rooms feature nine-foot ceilings. The left unit has a renovated kitchen and bathroom along with central HVAC, while the right unit retains its original character and uses window units. A Fortified roof was installed one year ago, and the property requires additional maintenance and updates.
The property is in New Orleans, LA 70118, with Tulane and Loyola within walking distance. Ursuline, McMain, and Willow are described as minutes away, providing nearby educational and community context.
The property is in New Orleans, LA 70118, with Tulane and Loyola within walking distance. Ursuline, McMain, and Willow are described as minutes away, providing nearby educational and community context.
Key Highlights
- 3,007 SF duplex built in 1950
- Two side‑by‑side units, each with a screened front porch and private backyard
- Separate off‑street parking for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,076
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,520
$761.5K
Cap Rate 7%
$543,943
$543.9K
Cap Rate 9%
$423,067
$423.1K
Market Conditions
NOI Build-Up for 3,007 SF
Gross rent
$59.5K $19.80/SF
− Vacancy
−$5.1K −$1.71/SF
EGI
$54.4K $18.09/SF
− OpEx
−$16.3K −$5.43/SF
NOI
$38.1K $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%
$761,520
Cap Rate 7%
$543,943
Cap Rate 9%
$423,067
Alternative Uses
Best Use
Multifamily LT 5
$543.9K
$476.0K – $634.6K
NOI $38,076 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$500.0K
$437.5K – $583.3K
NOI $34,998 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$764.3K
$668.8K – $891.7K
NOI $53,500 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
973
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored units offer private outdoor space and separate off-street parking.
Where is this duplex located?
The property is located at 2832 34 Calhoun St New Orleans, LA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 3,007 SF duplex built in 1950; Two side‑by‑side units, each with a screened front porch and private backyard; Separate off‑street parking for both units
