Side-by-Side Duplex with
For Sale
$415,000
2832 Calhoun Street, New Orleans, LA 70118
Two residential units offer separate outdoor areas, parking, and differing levels of interior updates.
Property Size3,007 SF
Price / SF$138.01
Days on Market131
Property Features for 2832 Calhoun Street
General Information
Standard status
Active
Size
3,007 SF
Property subtype
Multifamily / Duplex
Property Condition
Severity
Repairs Needed
Evidence
deferred maintenance
Site & Location
Neighborhood
Audubon
Additional Details
Multifamily Units
2
Amenities
Central Air, Window Unit(s)
Central
3
4
Raised
Stucco, Vinyl Siding
Porch
Building Details
Year Built
1950
Buildings
1
Listing Agency:
REMAX N.O. Properties
Listed By:
Gary D Lazarus · License #000027873
(504) 382-2603
Source:
Compass
Added: Jun 22
Changed: Oct 27
Last Checked: Oct 28 at 10:54AM
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 side-by-side duplex contains two mirrored residential units. Each side includes a screened front porch, a private backyard, and off-street parking. The left unit has a renovated kitchen and bathroom along with central HVAC, while the right retains window-unit cooling and its existing character. Nine-foot ceilings span most rooms in both units. A Fortified roof was installed one year ago, and the property has deferred maintenance and additional updates remaining.
The property is located at 2832-34 Calhoun Street in New Orleans, with access to the Uptown area and proximity to Tulane, Loyola, Ursuline, McMain, and Willow. Its two-unit layout supports separate occupancy, with distinct exterior spaces and parking for each residence.
The property is located at 2832-34 Calhoun Street in New Orleans, with access to the Uptown area and proximity to Tulane, Loyola, Ursuline, McMain, and Willow. Its two-unit layout supports separate occupancy, with distinct exterior spaces and parking for each residence.
Key Highlights
- Side‑by‑side duplex with two mirrored residential units
- Screened front porch and private backyard for each unit
- Left unit includes renovated kitchen, renovated bathroom, and central HVAC
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate outdoor areas, parking, and differing levels of interior updates.
Where is this duplex located?
The property is located at 2832 Calhoun Street 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: Side‑by‑side duplex with two mirrored residential units; Screened front porch and private backyard for each unit; Left unit includes renovated kitchen, renovated bathroom, and central HVAC
