Duplex with Covered
For Sale
$525,000
3020 LAUREL Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size2,012 SF
Lot Size0.10 Acres
Price / SF$260.93
Days on Market24
Property Features for 3020 LAUREL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Patio and Porch features
Porch
Standard status
Active
APN
411107013
Size
2,012 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
SQ 92 LOT PT 14 LAUREL ST 38X111 = 4218 SQ FT
Legal Description
SQ 92 LOT PT 14 LAUREL ST 38X111 = 4218 SQ FT
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered front porch
fenced backyard
accessory structure
irrigation
landscaping
Building Details
Year built
1923
Number of units
2
Building materials
Wood Siding
Architectural style
Cottage
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Michael J Styles · License #995690479
(504) 777-1773
Added: Oct 2
Changed: Oct 24
Last Checked: Oct 25 at 1:06PM
MLS# 2579952
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,012-square-foot duplex, built in 1923, has original hardwood floors, vaulted ceilings, exposed brick, wrought-iron fencing, and a covered front porch. Improvements include a fortified roof with new decking completed in 2025, a new HVAC system and ductwork, exterior siding repairs and paint, and a kitchen renovation with new appliances. The property also has a fully fenced backyard and an accessory structure with electricity, plumbing, and gas.
The home is in New Orleans’ Irish Channel, a short walk from Magazine Street shops and restaurants. It is in Flood Zone X, with access to public water and public sewer.
The home is in New Orleans’ Irish Channel, a short walk from Magazine Street shops and restaurants. It is in Flood Zone X, with access to public water and public sewer.
Key Highlights
- 2,012 square feet; built in 1923
- Fortified roof and new decking completed in 2025
- Renovated kitchen with new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,293
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,860
$345.9K
Cap Rate 7%
$247,043
$247.0K
Cap Rate 9%
$192,144
$192.1K
Market Conditions
NOI Build-Up for 2,012 SF
Gross rent
$27.0K $13.44/SF
− Vacancy
−$2.3K −$1.16/SF
EGI
$24.7K $12.28/SF
− OpEx
−$7.4K −$3.68/SF
NOI
$17.3K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,860
Cap Rate 7%
$247,043
Cap Rate 9%
$192,144
Alternative Uses
Best Use
Multifamily LT 5
$247.0K
$216.2K – $288.2K
NOI $17,293 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$219.0K
$191.6K – $255.5K
NOI $15,330 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$530.8K
$464.5K – $619.3K
NOI $37,158 @ 7.0% cap · market cap 7.08%
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
2,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
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 - A fenced backyard includes a separate structure equipped with electricity, plumbing, and gas.
Where is this duplex located?
The property is located at 3020 LAUREL Street New Orleans, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,012 square feet; built in 1923; Fortified roof and new decking completed in 2025; Renovated kitchen with new appliances
