Duplex with Private
For Sale
$410,000
337-339 33rd Street, New Orleans, LA 70124
Two townhouse-style residences have separate utility meters, driveways, and covered parking.
Property Size3,088 SF
Price / SF$132.77
Days on Market11
Property Features for 337-339 33rd Street
General Information
Standard status
Active
Size
3,088 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
West End
Units
Unit Mix
2 x 2BR/1FB/2HB
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Amenities
separate driveways
covered parking
large private backyard
Balcony
Fence
Building Details
Building Size
3,088 SF
Year Built
1970
Buildings
1
Stories
3
Construction
townhouse-style
Listing Agency:
Keller Williams Realty 455-0100
(504) 455-0100
Listed By:
Elizabeth Edgecomb · License #995701877
(504) 442-2264
Source:
Paulgilmorerealtors
Added: Oct 16
Changed: Oct 24
Last Checked: Oct 24 at 3:15PM
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 Keller Williams Realty 455-0100
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Investment Insights
Based on property information with market context.
This 3,088-square-foot duplex contains two townhouse-style residences, each arranged with two bedrooms, one full bath, and two half baths. Each unit also has a private backyard, while separate driveways and covered parking serve the property. Separate utility meters support independent utility tracking for the residences.
Updates include HVAC systems installed in both units in 2024, a bathroom renovation completed in 2024, and flooring replaced in much of the property. The roof is approximately five years old, and the building dates to 1970. One unit is vacant; the other is leased.
Updates include HVAC systems installed in both units in 2024, a bathroom renovation completed in 2024, and flooring replaced in much of the property. The roof is approximately five years old, and the building dates to 1970. One unit is vacant; the other is leased.
Key Highlights
- 3,088‑square‑foot duplex with two townhouse‑style units
- Each residence has 2 bedrooms, 1 full bath, and 2 half baths
- Private backyard, separate driveway, and covered parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,941
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,820
$718.8K
Cap Rate 7%
$513,443
$513.4K
Cap Rate 9%
$399,344
$399.3K
Market Conditions
NOI Build-Up for 3,088 SF
Gross rent
$71.9K $23.28/SF
− Vacancy
−$6.5K −$2.12/SF
EGI
$65.3K $21.16/SF
− OpEx
−$29.4K −$9.52/SF
NOI
$35.9K $11.64/SF
Area
New Orleans, LA
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%
$718,820
Cap Rate 7%
$513,443
Cap Rate 9%
$399,344
Alternative Uses
Best Use
Multifamily LT 5
$558.6K
$488.8K – $651.7K
NOI $39,102 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$513.4K
$449.3K – $599.0K
NOI $35,941 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$784.9K
$686.8K – $915.7K
NOI $54,941 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 70124, LA
22,777
Population
8,919
Households
2.6
Avg Household Size
37
Median Age
70%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,400
Density / Sq Mi
$121,318
Median Household Income
$66,323
Median Earnings
$1,752
Median Rent
$577,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse-style residences have separate utility meters, driveways, and covered parking.
Where is this duplex located?
The property is located at 337-339 33rd Street New Orleans, LA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 3,088‑square‑foot duplex with two townhouse‑style units; Each residence has 2 bedrooms, 1 full bath, and 2 half baths; Private backyard, separate driveway, and covered parking for each unit
