Front-Rear
For Sale
$425,000
324 ADAMS Street, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size1,963 SF
Lot Size0.10 Acres
Price / SF$216.51
Days on Market8
Property Features for 324 ADAMS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 2, Bathroom 1
Parking features
Driveway, Off Street
Standard status
Active
APN
716102416
Size
1,963 SF
Lot size
0.10 Acres
Additional Details
Individually Metered Utilities
electricity, gas
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central AC & heat
in-unit laundry
Building Details
Year built
1940
Number of units
2
Building materials
Wood Siding
Architectural style
Other
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Albert E Sidhom · License #995690524
(504) 319-7428
Added: Oct 18
Changed: Oct 24
Last Checked: Oct 25 at 7:06PM
MLS# 2579433
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 1,963-square-foot duplex on a 30' x 150' lot has front and rear residences. The front unit includes two bedrooms and one bathroom; the rear unit has three bedrooms and two bathrooms. Both offer wood flooring, granite countertops, central heating and air conditioning, in-unit laundry, and appliances. The property was built in 1940 and has a 2025 roof.
Off-street driveway parking accommodates two vehicles. The property is in Flood Zone X, with separate electric and gas meters and one shared water meter. St. Charles Avenue, Maple Street dining, Audubon Park, Tulane University, and Loyola University are within walking distance.
Off-street driveway parking accommodates two vehicles. The property is in Flood Zone X, with separate electric and gas meters and one shared water meter. 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‑bath front unit and a 3‑bedroom, 2‑bath rear unit
- 1,963 square feet on a 30' x 150' lot
- Both units have wood floors, granite countertops, central AC and heat, in‑unit laundry, and appliances
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
Check the figures for this property
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 - Separate electric and gas meters serve the two residences, with a single water meter for the property.
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‑bath front unit and a 3‑bedroom, 2‑bath rear unit; 1,963 square feet on a 30' x 150' lot; Both units have wood floors, granite countertops, central AC and heat, in‑unit laundry, and appliances
