Two-Unit Creole
For Sale
$249,900
3100-02 ORLEANS Avenue, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size1,930 SF
Price / SF$129.48
Days on Market123
Property Features for 3100-02 ORLEANS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3
Patio and Porch features
Porch
Standard status
Active
APN
3102
Size
1,930 SF
Taxes and HOA fees
Tax Description
Sq 429 Lot 10 Orleans and N. Lopez Street
Legal Description
Sq 429 Lot 10 Orleans and N. Lopez Street
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Architectural style
Creole
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Rhonda Wise Maestri · License #000001214
(504) 905-9001
Added: Jun 23
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 2563560
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 1,930-square-foot Creole duplex contains two apartments: one with two bedrooms and one bathroom, and the other with two bedrooms and one and a half bathrooms. Both units have updated kitchens and flooring, fresh interior paint, and modern light fixtures. Bedrooms are located on the upper floor, and the bathrooms include clawfoot tubs. Vinyl siding and a porch are additional property features; cooling is provided by window units.
Built in 1900, the property has public water and sewer service, with natural gas available. It occupies a corner lot on Orleans Avenue in New Orleans.
Built in 1900, the property has public water and sewer service, with natural gas available. It occupies a corner lot on Orleans Avenue in New Orleans.
Key Highlights
- Two apartments: one 2‑bedroom, 1‑bath unit and one 2‑bedroom, 1.5‑bath unit
- 1,930 square feet across the duplex
- 1900 construction; Creole architectural style
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,049
Businesses Nearby
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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
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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 - Two distinct apartments pair updated interiors with upstairs bedrooms and a shared porch.
Where is this duplex located?
The property is located at 3100-02 ORLEANS Avenue 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: Two apartments: one 2‑bedroom, 1‑bath unit and one 2‑bedroom, 1.5‑bath unit; 1,930 square feet across the duplex; 1900 construction; Creole architectural style
