Duplex Bed-and-Breakfast
For Sale
$474,900
430 Bermuda Street, New Orleans, LA 70114
Two separately metered areas connect internally, allowing the property to function as a duplex or a single residence.
Property Size2,325 SF
Price / SF$204.26
Days on Market8
Property Features for 430 Bermuda Street
General Information
Standard status
Active
Size
2,325 SF
Property subtype
Commercial
Zoning
CU
Site & Location
Neighborhood
Algiers Point
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Business Included
Yes
Currently Operating
Yes
Building Details
Building Size
2,325 SF
Year Built
1900
Stories
2
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Oct 17
Changed: Oct 23
Last Checked: Oct 23 at 4:09PM
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 Cypress Key Realty LLC
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Investment Insights
Based on property information with market context.
At 430 Bermuda Street, this 2,325-square-foot property was built in 1900 and configured as a duplex. It contains four bedrooms, two full bathrooms, two half bathrooms, and two kitchens. An interior connection links the two living areas, and each has separately metered utilities. The property has a CU zoning designation and a bed-and-breakfast designation.
The property is in Algiers Point, New Orleans. An existing hospitality business has an Airbnb presence, booking history, guest ratings and reviews, and confirmed reservations through June. Continued operation is subject to applicable platform and licensing requirements.
The property is in Algiers Point, New Orleans. An existing hospitality business has an Airbnb presence, booking history, guest ratings and reviews, and confirmed reservations through June. Continued operation is subject to applicable platform and licensing requirements.
Key Highlights
- 2,325‑square‑foot property built in 1900
- Configured as a duplex, with two kitchens and separately metered utilities
- Four bedrooms, two full bathrooms, and two half bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,440
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,800
$588.8K
Cap Rate 7%
$420,571
$420.6K
Cap Rate 9%
$327,111
$327.1K
Market Conditions
NOI Build-Up for 2,325 SF
Gross rent
$46.0K $19.80/SF
− Vacancy
−$4.0K −$1.71/SF
EGI
$42.1K $18.09/SF
− OpEx
−$12.6K −$5.43/SF
NOI
$29.4K $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%
$588,800
Cap Rate 7%
$420,571
Cap Rate 9%
$327,111
Alternative Uses
Best Use
Multifamily LT 5
$420.6K
$368.0K – $490.7K
NOI $29,440 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$386.6K
$338.3K – $451.0K
NOI $27,060 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$590.9K
$517.1K – $689.4K
NOI $41,366 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
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
Similar Off Market Nearby
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- BnB and Wedding Venue Guitar House — 421 pelican ave, new orleans, la 70114
- House of the Rising Sun Bed and Breakfast — 335 Pelican Ave, New Orleans, LA 70114
- La Maison de la Musique — 10 Olivier St, New Orleans, LA 70114
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Two separately metered areas connect internally, allowing the property to function as a duplex or a single residence.
Where is this bed & breakfast located?
The property is located at 430 Bermuda Street New Orleans, LA.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: 2,325‑square‑foot property built in 1900; Configured as a duplex, with two kitchens and separately metered utilities; Four bedrooms, two full bathrooms, and two half bathrooms
