Lakeview Duplex with Assumable
300-02 33rd Street New Orleans, LA 70124
300-02 33rd Street, New Orleans, LA, 70124
$449,000
For Sale
$449,000
Spacious Lakeview duplex with assumable 3.35% interest rate loan.
Property Size2,914 SF
Price / SF$154.08
Days on Market135
Property Features for 300-02 33rd Street
General Information
- Standard status
- Active
- Size
- 2,914 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1978
Listing Agency
Crescent Sotheby's International
(504) 458-1609
Listed by
Kelly Serio · License #995691821
(504) 458-1609
Source
Compass
Added: Mar 4 Checked: Jul 17 at 3:40 am
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
Investment Insights
Based on property information with market context.
This spacious duplex is located in the heart of Lakeview. Each unit features ample living space and renovated bathrooms. The property contains four bedrooms, two full baths, and two half baths. It is suitable for investors or owner-occupants looking to offset mortgage costs with rental income. Private outdoor spaces are included for each unit. The property is located within walking distance of Fleur de Lis park and Harrison Avenue, offering convenient access to recreational activities, dining, and local amenities.
Key Highlights
- Assume the current loan with a low 3.35% interest rate.
- Double in Lakeview ideal for investor or owner occupant with tenant income.
- Four bedrooms and four bathrooms (2 full, 2 half).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.7k | $19.80 |
| − Vacancy | −$5.0k | −$1.71 |
| EGI | $52.7k | $18.09 |
| − OpEx | −$15.8k | −$5.43 |
| NOI | $36.9k | $12.66 |
2,914 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$527.1K
$461.2K – $615.0K
NOI $36,899 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$484.5K
$424.0K – $565.3K
NOI $33,916 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$740.6K
$648.1K – $864.1K
NOI $51,845 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Spacious Lakeview duplex with assumable 3.35% interest rate loan.
Where is this duplex located?
The property is located at 300-02 33rd Street New Orleans, LA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Assume the current loan with a **low 3.35% interest rate.**; Double in Lakeview ideal for investor or owner occupant with tenant income.; Four bedrooms and four bathrooms (2 full, 2 half).
