Duplex with Utility-Served Accessory
New
For Sale
$525,000
3020 LAUREL Street, New Orleans, LA 70115
Multi-Family, Cottage, New Orleans, LA
Property Size2,012 SF
Lot Size0.10 Acres
Price / SF$260.93
Days on Market6
Property Features for 3020 LAUREL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Lot features
Oversized
Subdivision
Irish Channel
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
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
original hardwood floors
vaulted ceilings
exposed brick
wrought iron fencing
covered front porch
fully fenced-in backyard
accessory structure with electricity, plumbing, and gas
landscaping and irrigation
Building Details
Year built
1923
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Cottage
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Michael Styles · License #995690479
(504) 777-1773
Added: Oct 2
Changed: Oct 7
Last Checked: Oct 7 at 9:06PM
MLS# 2579952
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1923 cottage-style duplex contains 2,012 square feet on a 0.0968-acre lot. Interior details include original hardwood floors, vaulted ceilings, and exposed brick. Improvements include a fortified roof with new decking in 2025, two replacement HVAC systems with ductwork, exterior siding repairs and paint, and a remodeled kitchen with new appliances. A covered front porch and fenced backyard add outdoor space. The separate accessory structure has electricity, plumbing, and gas connections.
The property is in Flood Zone X, near Magazine Street shops and restaurants. The Uptown parade route and French Quarter are also accessible from the property.
The property is in Flood Zone X, near Magazine Street shops and restaurants. The Uptown parade route and French Quarter are also accessible from the property.
Key Highlights
- 2,012‑square‑foot duplex on a 0.0968‑acre lot
- Fortified roof with new decking completed in 2025
- Two new HVAC systems and ductwork
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Duplex - The two-unit residence combines updated building systems with an accessory structure connected to 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‑foot duplex on a 0.0968‑acre lot; Fortified roof with new decking completed in 2025; Two new HVAC systems and ductwork
