Duplex with Two Distinct
For Sale
$284,000
8301-8303 Belfast St, New Orleans, LA 70118
Two-unit residential property with driveway parking, outdoor space, and a flexible attic bonus room.
Property Size1,960 SF
Price / SF$144.90
Days on Market74
Property Features for 8301-8303 Belfast St
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
could benefit from some updates and TLC
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
off-street driveway parking
spacious backyard
converted attic
Building Details
Year Built
1925
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
Listed By:
Austin McCann · License #995704296
(504) 615-3946
Source:
Dominionplace
Added: Aug 7
Changed: Oct 5
Last Checked: Oct 7 at 2:42PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1925, this duplex at 8301-8303 Belfast St includes two separate residential units with distinct layouts. Unit 8301 is a one-bedroom, one-bath loft, while Unit 8303 provides three bedrooms, two full bathrooms, driveway parking, and an attic converted into additional flexible space.
The property occupies a corner lot with a backyard suited to outdoor use and off-street parking. Located in Flood Zone X, the duplex offers a combination of varied unit configurations and existing auxiliary space. The home would benefit from updates and additional work, giving the property a clear improvement component for an owner-user or residential income buyer.
The property occupies a corner lot with a backyard suited to outdoor use and off-street parking. Located in Flood Zone X, the duplex offers a combination of varied unit configurations and existing auxiliary space. The home would benefit from updates and additional work, giving the property a clear improvement component for an owner-user or residential income buyer.
Key Highlights
- Two separate units at 8301‑8303 Belfast St
- Unit 8301: 1‑bedroom, 1‑bath loft
- Unit 8303: 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,818
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,360
$496.4K
Cap Rate 7%
$354,543
$354.5K
Cap Rate 9%
$275,756
$275.8K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$38.8K $19.80/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$35.5K $18.09/SF
− OpEx
−$10.6K −$5.43/SF
NOI
$24.8K $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%
$496,360
Cap Rate 7%
$354,543
Cap Rate 9%
$275,756
Alternative Uses
Best Use
Multifamily LT 5
$354.5K
$310.2K – $413.6K
NOI $24,818 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$325.9K
$285.2K – $380.2K
NOI $22,812 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with driveway parking, outdoor space, and a flexible attic bonus room.
Where is this duplex located?
The property is located at 8301-8303 Belfast St New Orleans, LA.
What is the asking price?
The asking price for this property is $284,000.
What are key features of this property?
This property features: Two separate units at 8301‑8303 Belfast St; Unit 8301: 1‑bedroom, 1‑bath loft; Unit 8303: 3 bedrooms and 2 full bathrooms
