Renovated Duplex with Outdoor
For Sale
$425,000
2919 Baudin Street, New Orleans, LA 70119
Two three-bedroom units offer central air, high ceilings, private outdoor areas, and off-street parking in New Orleans.
Property Size2,640 SF
Price / SF$160.98
Days on Market309
Property Features for 2919 Baudin Street
General Information
Standard status
Active
Size
2,640 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$46,200
Amenities
balcony
deck
fenced-in backyard
Central Air
Central
1
2
6
Asphalt
Pillar/Post/Pier
Vinyl Siding, Wood Siding
Building Details
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
LaNasa Realty, Inc
(504) 345-4316
Listed By:
Anna Finch · License #995716795
(504) 345-4316
Source:
Compass
Added: Oct 27, 2025
Changed: Aug 29
Last Checked: Aug 29 at 5:23PM
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 LaNasa Realty, Inc
Investment Insights
Based on property information with market context.
Located at 2919 Baudin Street in New Orleans, this 2,640 SF duplex contains two three-bedroom, one-bathroom units. The property was recently renovated and includes central air, bright rooms, large built-in closets, and a non-shotgun layout that provides separation between living areas. The building dates to 1930 and features vinyl and wood siding with an asphalt exterior.
Outdoor amenities distinguish the two units. The upper residence includes a private balcony connected to the front bedroom and a second elevated deck adjoining the kitchen. The lower unit has access to an oversized fenced backyard shaded by established trees. Multiple off-street parking spaces are available at the front and along the gated side of the building. Both units are currently occupied, and the existing tenants have indicated that they would like to remain.
Outdoor amenities distinguish the two units. The upper residence includes a private balcony connected to the front bedroom and a second elevated deck adjoining the kitchen. The lower unit has access to an oversized fenced backyard shaded by established trees. Multiple off-street parking spaces are available at the front and along the gated side of the building. Both units are currently occupied, and the existing tenants have indicated that they would like to remain.
Key Highlights
- 2,640 SF duplex with two 3‑bedroom, 1‑bathroom units
- Recently renovated with central air and bright, high‑ceilinged rooms
- Upper unit includes a private balcony and elevated rear kitchen deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,429
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$668,580
$668.6K
Cap Rate 7%
$477,557
$477.6K
Cap Rate 9%
$371,433
$371.4K
Market Conditions
NOI Build-Up for 2,640 SF
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.
Gross rent
$52.3K $19.80/SF
− Vacancy
−$4.5K −$1.71/SF
EGI
$47.8K $18.09/SF
− OpEx
−$14.3K −$5.43/SF
NOI
$33.4K $12.66/SF
Area
ZIP 70119
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$668,580
Cap Rate 7%
$477,557
Cap Rate 9%
$371,433
Alternative Uses
Best Use
Multifamily LT 5
$477.6K
$417.9K – $557.2K
NOI $33,429 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$439.0K
$384.1K – $512.1K
NOI $30,727 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$690.8K
$604.5K – $805.9K
NOI $48,356 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
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 - Two three-bedroom units offer central air, high ceilings, private outdoor areas, and off-street parking in New Orleans.
Where is this duplex located?
The property is located at 2919 Baudin Street New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,640 SF duplex with two 3‑bedroom, 1‑bathroom units; Recently renovated with central air and bright, high‑ceilinged rooms; Upper unit includes a private balcony and elevated rear kitchen deck
