Historic Duplex with Off-Street
8301-03 Belfast Street New Orleans, LA 70118
For Sale
$329,000
Historic corner duplex offering two units with separate meters, in-unit washer/dryer, and off-street parking.
Property Size1,960 SF
Price / SF$167.86
Days on Market284
Property Features for 8301-03 Belfast Street
General Information
- Standard status
- Active
- Size
- 1,960 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 957-7727
Listed By:
Angela Murtagh · License #000020531
(504) 957-7727
Source:
Compass
Added: Oct 14, 2025
Changed: Jul 23
Last Checked: Jul 23 at 9:00AM
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This historic corner duplex features two separate residential units: a 3 bed / 2 bath unit and a 2 bed / 1 bath unit. The property includes original charm elements, a large attic, and a backyard, along with off-street parking. Each unit has its own washer/dryer and separate meters. Recent updates include fresh exterior paint and other improvements completed in November 2025, and the property is currently under a termite contract.
The property is described as being a few blocks from the streetcar and minutes from Tulane, Loyola, and Audubon Park.
Flood Zone X is noted. Rents shown are projected using recent comps, and buyers are advised to verify all information. A home warranty is being offered by the owner to the buyer.
The property is described as being a few blocks from the streetcar and minutes from Tulane, Loyola, and Audubon Park.
Flood Zone X is noted. Rents shown are projected using recent comps, and buyers are advised to verify all information. A home warranty is being offered by the owner to the buyer.
Key Highlights
- Historic corner duplex with 2 units: 3 bed/2 bath and 2 bed/1 bath
- Each unit has its own washer/dryer and separate meters
- Off‑street parking plus courtyard and porch
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 | $38.8k | $19.80 |
| − Vacancy | −$3.4k | −$1.71 |
| EGI | $35.5k | $18.09 |
| − OpEx | −$10.6k | −$5.43 |
| NOI | $24.8k | $12.66 |
1,960 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$354.5K
$310.2K – $413.6K
NOI $24,818 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$325.9K
$285.2K – $380.2K
NOI $22,812 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 10.60%
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 - Historic corner duplex offering two units with separate meters, in-unit washer/dryer, and off-street parking.
Where is this duplex located?
The property is located at 8301-03 Belfast Street New Orleans, LA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Historic corner duplex with 2 units: 3 bed/2 bath and 2 bed/1 bath; Each unit has its own washer/dryer and separate meters; Off‑street parking plus courtyard and porch
