Tenant-Occupied Shotgun
3517-19 South Tonti Street New Orleans, LA 70125
For Sale
$199,000
Broadmoor shotgun double is fully rented, with updates made in 2017 and a roof installed about four years ago.
Property Size1,500 SF
Price / SF$132.67
Days on Market139
Property Features for 3517-19 South Tonti Street
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1935
Listing Agency:
Century 21 J. Carter & Company
(504) 352-4212
Listed By:
Luan Vo · License #995703893
(504) 352-4212
Source:
Compass
Added: Mar 6
Changed: Jul 23
Last Checked: Jul 23 at 4:40PM
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 Century 21 J. Carter & Company
Investment Insights
Based on property information with market context.
This tenant-occupied duplex (“shotgun double”) is fully rented. Both units received modest updates in 2017, including laminate flooring, fresh paint, and some improvements to the kitchen and bath.
The property is located for convenient access to major roads and is near shopping and dining, within a quiet New Orleans neighborhood.
With a roof that is approximately four years old, this is a residential income property offered for sale as an investor-friendly, tenant-occupied duplex.
The property is located for convenient access to major roads and is near shopping and dining, within a quiet New Orleans neighborhood.
With a roof that is approximately four years old, this is a residential income property offered for sale as an investor-friendly, tenant-occupied duplex.
Key Highlights
- Fully rented Broadmoor shotgun double (duplex) with 4 bedrooms and 2 full bathrooms
- Modest updates completed in 2017, including laminate flooring and fresh paint, plus some kitchen and bath improvements
- Roof installed about 4 years ago
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.9k | $23.28 |
| − Vacancy | −$3.2k | −$2.12 |
| EGI | $31.7k | $21.16 |
| − OpEx | −$14.3k | −$9.52 |
| NOI | $17.5k | $11.64 |
1,500 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.3K
$237.4K – $316.6K
NOI $18,994 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$249.4K
$218.2K – $291.0K
NOI $17,458 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$381.3K
$333.6K – $444.8K
NOI $26,688 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Broadmoor shotgun double is fully rented, with updates made in 2017 and a roof installed about four years ago.
Where is this duplex located?
The property is located at 3517-19 South Tonti Street New Orleans, LA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Fully rented Broadmoor shotgun double (duplex) with 4 bedrooms and 2 full bathrooms; Modest updates completed in 2017, including laminate flooring and fresh paint, plus some kitchen and bath improvements; Roof installed about 4 years ago
