Renovated Duplex with Off-Street
For Sale
$288,500
3016 Hamilton St, New Orleans, LA 70118
Fully occupied duplex with updated kitchen appliances and outdoor storage.
Property Size2,016 SF
Price / SF$143.11
Days on Market66
Property Features for 3016 Hamilton St
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Multi-Family
Occupancy
100%
Building Details
Year Built
2022
Listing Agency:
Ronald Ward Real Estate
Listed By:
Ronald Ward · License #000003484
(225) 241-9620
Source:
Dominionplace
Added: Aug 15
Changed: Oct 15
Last Checked: Oct 7 at 2:33PM
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 Ronald Ward Real Estate
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Investment Insights
Based on property information with market context.
This duplex property offers 2,016 square feet with four bedrooms and two full bathrooms. The residence was built in 2022 and has been renovated, with an updated kitchen equipped with a range oven, microwave, and dishwasher. Off-street parking and outdoor storage provide additional functional amenities.
The property is fully occupied and positioned at 3016 Hamilton St in New Orleans, Louisiana. Its existing occupancy, residential configuration, and in-place kitchen improvements provide a defined setup for an income-producing residential asset.
The property is fully occupied and positioned at 3016 Hamilton St in New Orleans, Louisiana. Its existing occupancy, residential configuration, and in-place kitchen improvements provide a defined setup for an income-producing residential asset.
Key Highlights
- 2,016‑square‑foot duplex built in 2022
- Four bedrooms and two full bathrooms
- Fully occupied and generating income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,528
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,560
$510.6K
Cap Rate 7%
$364,686
$364.7K
Cap Rate 9%
$283,644
$283.6K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$39.9K $19.80/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$36.5K $18.09/SF
− OpEx
−$10.9K −$5.43/SF
NOI
$25.5K $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%
$510,560
Cap Rate 7%
$364,686
Cap Rate 9%
$283,644
Alternative Uses
Best Use
Multifamily LT 5
$364.7K
$319.1K – $425.5K
NOI $25,528 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$335.2K
$293.3K – $391.1K
NOI $23,464 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$512.4K
$448.4K – $597.8K
NOI $35,868 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
558
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 - Fully occupied duplex with updated kitchen appliances and outdoor storage.
Where is this duplex located?
The property is located at 3016 Hamilton St New Orleans, LA.
What is the asking price?
The asking price for this property is $288,500.
What are key features of this property?
This property features: 2,016‑square‑foot duplex built in 2022; Four bedrooms and two full bathrooms; Fully occupied and generating income
