Duplex with Two Separate
For Sale
$289,000
8301-8303 BELFAST Street, New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
Property Size1,960 SF
Lot Size0.09 Acres
Price / SF$147.45
Days on Market48
Property Features for 8301-8303 BELFAST Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Courtyard, Fence, Porch
Fencing
Fenced
Lot features
Corner, Regular
Subdivision
Leonidas
Standard status
Active
APN
716325005
Size
1,960 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
SQ 391 LOT G BELFAST & DANTE 40 X 100 8301-03 BELFAST
Legal Description
SQ 391 LOT G BELFAST & DANTE 40 X 100 8301-03 BELFAST
Utilities
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Roof type
Metal
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Austin McCann · License #995704296
(504) 669-8822
Added: Jun 13
Changed: Jul 9
Last Checked: Jul 30 at 8:06PM
MLS# 2562909
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers two separate units configured for different living needs. Unit 8301 is a large 1-bedroom, 1-bathroom loft. Unit 8303 features 3 bedrooms and 2 full bathrooms, plus off-street driveway parking and an expansive backyard. A converted attic provides an additional bonus room in unit 8303. The property is described as benefiting from some updates and TLC, with the overall building totaling approximately 1,960 square feet.
The home sits on a historic corner lot with off-street driveway parking and a backyard designed for entertaining. The property is located in Flood Zone X, which can be a relevant factor for insurance and long-term planning.
For tenants or buyers seeking rental income, the layout supports two independent rental options. Rental comps referenced in the remarks project the 1-bedroom unit at approximately $1,200 per month and the 3-bedroom unit between $2,000 and $2,500 per month. Buyers may find the configuration suitable for long-term tenancy, short-term rental considerations, or an owner-occupant strategy where rental income helps offset housing costs, while still considering that the property may require updates.
The home sits on a historic corner lot with off-street driveway parking and a backyard designed for entertaining. The property is located in Flood Zone X, which can be a relevant factor for insurance and long-term planning.
For tenants or buyers seeking rental income, the layout supports two independent rental options. Rental comps referenced in the remarks project the 1-bedroom unit at approximately $1,200 per month and the 3-bedroom unit between $2,000 and $2,500 per month. Buyers may find the configuration suitable for long-term tenancy, short-term rental considerations, or an owner-occupant strategy where rental income helps offset housing costs, while still considering that the property may require updates.
Key Highlights
- Historic 1925 corner lot home with two separate units: 1‑bedroom/1‑bath (8301) and 3‑bedroom/2‑bath (8303)
- Metal roof with central heating and central air, plus window unit(s) for added cooling options
- Off‑street driveway parking with fenced exterior plus courtyard, porch, and a spacious backyard
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 8.59%
Second Best
Apartment 5plus
$325.9K
$285.2K – $380.2K
NOI $22,812 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
951
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex on a historic corner lot with off-street parking and a spacious backyard for tenant use.
Where is this duplex located?
The property is located at 8301-8303 BELFAST Street New Orleans, LA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Historic 1925 corner lot home with two separate units: 1‑bedroom/1‑bath (8301) and 3‑bedroom/2‑bath (8303); Metal roof with central heating and central air, plus window unit(s) for added cooling options; Off‑street driveway parking with fenced exterior plus courtyard, porch, and a spacious backyard
