Updated Duplex Cottage with Shared
630-632 South Rendon Street New Orleans, LA 70119
630-632 South Rendon Street, New Orleans, LA, 70119
$275,000
For Sale
$275,000
Two updated units with private bedrooms, feature bathroom finishes, and a spacious shared backyard.
Property Size1,838 SF
Price / SF$149.62
Days on Market347
Property Features for 630-632 South Rendon Street
General Information
- Standard status
- Active
- Size
- 1,838 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing agency
Crescent Sotheby's International
(504) 701-6677
Listed by
Erica Adams · License #995688748
(504) 701-6677
Source
Compass
Added: Aug 10, 2025 Updated: Jul 21 at 4:59AM Checked: Jul 22 at 10:55AM
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 Crescent Sotheby's International
Investment Insights
Based on property information with market context.
This classic New Orleans Creole cottage has been arranged as a two-unit duplex, with updates and distinct character throughout. Each side features a mix of laminate, wood, and tile flooring, granite countertops, and abundant natural light. The feature bathroom showcases a classic black-and-white tile design, and both sides include private bedrooms.
The property is located just steps from the Tulane Medical Corridor. A spacious shared backyard adds outdoor space for relaxing or entertaining. The duplex is already income-producing, with one unit currently rented.
With two separate sides within the duplex layout, the property offers a straightforward configuration for investors or an owner-occupant looking to live in one unit and lease the other.
The property is located just steps from the Tulane Medical Corridor. A spacious shared backyard adds outdoor space for relaxing or entertaining. The duplex is already income-producing, with one unit currently rented.
With two separate sides within the duplex layout, the property offers a straightforward configuration for investors or an owner-occupant looking to live in one unit and lease the other.
Key Highlights
- Duplex with 2 full bathrooms and 4 total bedrooms in a 1‑story home built in 1940
- Both sides have central heating and central air conditioning
- One unit is currently rented at $1,500 per month
Local Financial Insights For Multifamily LT 5
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 | $36.4k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $33.2k | $18.09 |
| − OpEx | −$10.0k | −$5.43 |
| NOI | $23.3k | $12.66 |
1,838 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$332.5K
$290.9K – $387.9K
NOI $23,274 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$305.6K
$267.4K – $356.5K
NOI $21,392 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$480.9K
$420.8K – $561.1K
NOI $33,666 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated units with private bedrooms, feature bathroom finishes, and a spacious shared backyard.
Where is this duplex located?
The property is located at 630-632 South Rendon Street New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex with 2 full bathrooms and 4 total bedrooms in a 1‑story home built in 1940; Both sides have central heating and central air conditioning; One unit is currently rented at $1,500 per month
