Updated Two-Unit
For Sale
$410,000
337-339 33RD Street, New Orleans, LA 70124
Multifamily, New Orleans, LA
Property Size3,088 SF
Lot Size0.11 Acres
Price / SF$132.77
Days on Market8
Property Features for 337-339 33RD Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
4
Rooms
Bathroom 4, Bathroom 5, Bedroom 3, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4
Parking features
Driveway, Covered
Standard status
Active
APN
716522310
Size
3,088 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
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
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered parking
private backyard
Building Details
Year built
1970
Number of units
2
Building materials
Brick, Vinyl Siding
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Elizabeth C Edgecomb · License #995701877
(504) 442-2264
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 2581541
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 townhouse-style duplex contains two units totaling 3,088 square feet. Each side has two bedrooms, one full bathroom, two half bathrooms, a separate driveway, covered parking, and a private backyard. The building dates to 1970 and has brick and vinyl siding, central heating and air conditioning, and separate utility meters.
Updates include HVAC systems in both units installed in 2024, a bathroom renovation completed in 2024, and new flooring in much of the property. The roof is approximately 5 years old. One unit is vacant, while the other is leased for $1,900 per month.
Updates include HVAC systems in both units installed in 2024, a bathroom renovation completed in 2024, and new flooring in much of the property. The roof is approximately 5 years old. One unit is vacant, while the other is leased for $1,900 per month.
Key Highlights
- 3,088‑square‑foot duplex with two 2‑bedroom, 1‑full‑bath, 2‑half‑bath units
- HVAC systems in both units installed in 2024; bathroom renovation completed in 2024
- Separate driveways, covered parking, and private backyard 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.
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Lease Details
2
Residential units
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate driveways, covered parking, and private outdoor space serve the townhouse-style residence.
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 2‑bedroom, 1‑full‑bath, 2‑half‑bath units; HVAC systems in both units installed in 2024; bathroom renovation completed in 2024; Separate driveways, covered parking, and private backyard for each unit
