Two-Unit Townhouse-Style
New
For Sale
$410,000
337-339 33RD Street, New Orleans, LA 70124
Multi-Family, New Orleans, LA
Property Size3,088 SF
Lot Size0.11 Acres
Price / SF$132.77
Days on Market3
Property Features for 337-339 33RD Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Covered, Driveway
Exterior features
Balcony, Fence
Fencing
Fenced
Lot features
Regular
Standard status
Active
APN
716522310
Size
3,088 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
WEST END PK SQ 02 LOT 29A 33RD 50 X 100 337-39 33RD ST
Legal Description
WEST END PK SQ 02 LOT 29A 33RD 50 X 100 337-39 33RD ST
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered parking
private backyard
Building Details
Year built
1970
Floors in Building
3
Number of units
2
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Elizabeth Edgecomb
(504) 442-2264
Added: Oct 16
Last Checked: Oct 18 at 5:06PM
MLS# 2581541
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 3,088-square-foot duplex in New Orleans is arranged as two townhouse-style residences. Each unit offers two bedrooms, one full bathroom, and two half bathrooms, with separate utility meters and its own fenced backyard. Driveways and covered parking serve each side.
Improvements include HVAC systems installed in both units in 2024, a bathroom renovation completed in 2024, and new flooring across much of the property. The shingle roof is approximately five years old. One unit is vacant, while the other is leased.
Improvements include HVAC systems installed in both units in 2024, a bathroom renovation completed in 2024, and new flooring across much of the property. The shingle roof is approximately five years old. One unit is vacant, while the other is leased.
Key Highlights
- 3,088‑square‑foot duplex with two townhouse‑style units
- Each unit has 2 bedrooms, 1 full bath, and 2 half baths
- HVAC systems in both units installed in 2024; bathroom renovation also completed in 2024
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.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
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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
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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 - Each residence has its own driveway, covered parking, and fenced backyard.
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 unit has 2 bedrooms, 1 full bath, and 2 half baths; HVAC systems in both units installed in 2024; bathroom renovation also completed in 2024
