Duplex with Separate Utility
New
For Sale
$425,000
324 ADAMS Street, New Orleans, LA 70118
Multi-Family, Traditional, New Orleans, LA
Property Size1,963 SF
Lot Size0.10 Acres
Price / SF$216.51
Days on Market2
Property Features for 324 ADAMS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street, Driveway
Exterior features
Fence
Fencing
Fenced
Lot features
Oversized
Subdivision
Black Pearl
Standard status
Active
APN
716102416
Size
1,963 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
SQ 47 LOT 25 ADAMS 30 X 150
Legal Description
SQ 47 LOT 25 ADAMS 30 X 150
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
wood floors
granite countertops
central AC & heat
in-unit laundry
appliances included
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Albert Sidhom
(504) 319-7428
Added: Oct 18
Last Checked: Oct 19 at 12:06PM
MLS# 2579433
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.
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Investment Insights
Based on property information with market context.
This 1,963-square-foot duplex, built in 1940, contains a 2-bedroom, 1-bathroom residence at the front and a 3-bedroom, 2-bathroom residence at the rear. Both units have wood flooring, granite countertops, central heating and air conditioning, in-unit laundry, and appliances. A 2025 roof, fenced yard, and driveway parking for two vehicles are also part of the property. Electric and gas service are separately metered; water has one shared meter. The parcel measures 30 feet by 150 feet, totals 0.1033 acres, and is in Flood Zone X.
The property is on Adams Street in New Orleans. St. Charles Avenue, Maple Street dining, Audubon Park, Tulane University, and Loyola University are within walking distance.
The property is on Adams Street in New Orleans. St. Charles Avenue, Maple Street dining, Audubon Park, Tulane University, and Loyola University are within walking distance.
Key Highlights
- Two residences: a 2‑bedroom, 1‑bathroom front unit and a 3‑bedroom, 2‑bathroom rear unit
- 1,963 square feet on a 30‑foot by 150‑foot lot
- 0.1033 acres in Flood Zone X
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,856
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,120
$497.1K
Cap Rate 7%
$355,086
$355.1K
Cap Rate 9%
$276,178
$276.2K
Market Conditions
NOI Build-Up for 1,963 SF
Gross rent
$38.9K $19.80/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$35.5K $18.09/SF
− OpEx
−$10.7K −$5.43/SF
NOI
$24.9K $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%
$497,120
Cap Rate 7%
$355,086
Cap Rate 9%
$276,178
Alternative Uses
Best Use
Multifamily LT 5
$355.1K
$310.7K – $414.3K
NOI $24,856 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$326.4K
$285.6K – $380.8K
NOI $22,847 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$498.9K
$436.6K – $582.1K
NOI $34,925 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,099
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 - A front-and-rear configuration combines two distinct unit layouts with off-street parking and separate electric and gas meters.
Where is this duplex located?
The property is located at 324 ADAMS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two residences: a 2‑bedroom, 1‑bathroom front unit and a 3‑bedroom, 2‑bathroom rear unit; 1,963 square feet on a 30‑foot by 150‑foot lot; 0.1033 acres in Flood Zone X
