Shotgun Duplex with Separate
For Sale
$249,000
5107 09 Burgundy Street, New Orleans, LA 70117
Two residential units provide private outdoor areas, separate driveways, and off-street parking.
Property Size1,785 SF
Days on Market32
Property Features for 5107 09 Burgundy Street
General Information
Standard status
Active
Size
1,785 SF
Property subtype
Multi Family Home
Amenities
front porch
backyard
patio
washer/dryer hookups
central air conditioning
Building Details
Building Size
1,785 SF
Year Built
1960
Stories
1
Construction
Shotgun double
Listing Agency:
Mary & Company Real Estate Services
(504) 382-0909
Listed By:
Mary Adams
(504) 382-0909
Source:
Nolalivingrealty
Added: Jul 12
Changed: Aug 11
Last Checked: Aug 12 at 11:55AM
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 Mary & Company Real Estate Services
Investment Insights
Based on property information with market context.
This shotgun duplex, built in 1960, contains 4 bedrooms and 2 bathrooms with combined living and dining areas. Interior features include tile and laminate flooring, neutral paint, and central A/C units. Each kitchen includes a gas stove and refrigerator, while washer and dryer hookups are located in an oversized laundry room. A front porch, separate backyards with patio areas, and individual driveways provide useful outdoor and parking amenities.
The property is located in New Orleans’ Holy Cross Historic District, with access to Bywater, Marigny, the French Quarter, downtown New Orleans, neighborhood restaurants, schools, and major thoroughfares. Its two-unit configuration supports residential income use and owner occupancy, as described for the property.
The property is located in New Orleans’ Holy Cross Historic District, with access to Bywater, Marigny, the French Quarter, downtown New Orleans, neighborhood restaurants, schools, and major thoroughfares. Its two-unit configuration supports residential income use and owner occupancy, as described for the property.
Key Highlights
- Duplex with 4 bedrooms and 2 bathrooms
- Built in 1960 with central A/C units
- Separate backyards with patio areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,603
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,060
$452.1K
Cap Rate 7%
$322,900
$322.9K
Cap Rate 9%
$251,144
$251.1K
Market Conditions
NOI Build-Up for 1,785 SF
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.
Gross rent
$35.3K $19.80/SF
− Vacancy
−$3.1K −$1.71/SF
EGI
$32.3K $18.09/SF
− OpEx
−$9.7K −$5.43/SF
NOI
$22.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,060
Cap Rate 7%
$322,900
Cap Rate 9%
$251,144
Alternative Uses
Best Use
Multifamily LT 5
$322.9K
$282.5K – $376.7K
NOI $22,603 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$296.8K
$259.7K – $346.3K
NOI $20,775 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$453.7K
$397.0K – $529.3K
NOI $31,758 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide private outdoor areas, separate driveways, and off-street parking.
Where is this duplex located?
The property is located at 5107 09 Burgundy Street New Orleans, LA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Duplex with 4 bedrooms and 2 bathrooms; Built in 1960 with central A/C units; Separate backyards with patio areas
