Duplex with Updated
For Sale
$249,900
3100-02 Orleans Ave, New Orleans, LA 70119
Two-unit residential income property with cosmetic improvements and access to nearby trails, transit, shopping, and restaurants.
Property Size1,930 SF
Price / SF$129.48
Days on Market222
Property Features for 3100-02 Orleans Ave
General Information
Standard status
Active
Size
1,930 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Homesmart Realty South
Listed By:
Rhonda Maestri · License #01214
(504) 905-9001
Source:
Fiorellaavenue
Added: Mar 13
Changed: Oct 5
Last Checked: Oct 7 at 4:18PM
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 Homesmart Realty South
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1,875 square feet and was built in 1983. Cosmetic updates include new kitchen cabinets, while the property also features window unit cooling, other heat, screened elements, a porch, vinyl siding, and pillar/post/pier construction. Asphalt surfaces are also present.
The property is located at 3100-02 Orleans Avenue in New Orleans, near Bayou St. John and the Lafitte walking and biking trails. Public transportation, shopping, and restaurants are also nearby, adding convenient access to neighborhood amenities.
The property is located at 3100-02 Orleans Avenue in New Orleans, near Bayou St. John and the Lafitte walking and biking trails. Public transportation, shopping, and restaurants are also nearby, adding convenient access to neighborhood amenities.
Key Highlights
- 1,875‑square‑foot duplex built in 1983
- New kitchen cabinets among the cosmetic improvements
- Window unit cooling and other heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,463
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,260
$449.3K
Cap Rate 7%
$320,900
$320.9K
Cap Rate 9%
$249,589
$249.6K
Market Conditions
NOI Build-Up for 1,930 SF
Gross rent
$44.9K $23.28/SF
− Vacancy
−$4.1K −$2.12/SF
EGI
$40.8K $21.16/SF
− OpEx
−$18.4K −$9.52/SF
NOI
$22.5K $11.64/SF
Area
ZIP 70119
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,260
Cap Rate 7%
$320,900
Cap Rate 9%
$249,589
Alternative Uses
Best Use
Multifamily LT 5
$349.1K
$305.5K – $407.3K
NOI $24,439 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$320.9K
$280.8K – $374.4K
NOI $22,463 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$505.0K
$441.9K – $589.2K
NOI $35,351 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,049
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with cosmetic improvements and access to nearby trails, transit, shopping, and restaurants.
Where is this duplex located?
The property is located at 3100-02 Orleans Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,875‑square‑foot duplex built in 1983; New kitchen cabinets among the cosmetic improvements; Window unit cooling and other heat
