Duplex with Updated
New
For Sale
$239,000
8424 S CLAIBORNE Avenue, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size1,700 SF
Lot Size0.11 Acres
Price / SF$140.59
Days on Market4
Property Features for 8424 S CLAIBORNE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Standard status
Active
APN
716305220
Size
1,700 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
water
Taxes and HOA fees
Tax Description
SQS 307 & 324 LOT 12 S CLAIBORNE 30 X 163
Legal Description
SQS 307 & 324 LOT 12 S CLAIBORNE 30 X 163
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Number of units
2
Architectural style
Creole
Buildings
1
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Vanessa D Parnell · License #000018598
(504) 421-1919
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2580609
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Creole-style duplex contains two residences within 1,700 square feet on a 0.1123-acre lot. Original hardwood flooring has been refurbished, and both bathrooms have been updated. Central heating and air conditioning serve the property; natural gas is available, with public water and sewer connections.
Built in 1940, the building also has 12-foot ceilings. The roof was replaced two years ago, and the HVAC equipment and water heaters are newer. A sewer-line upgrade reaches the city connection, and each residence has its own water meter. Both units are occupied by tenants paying $1,000 per side.
Built in 1940, the building also has 12-foot ceilings. The roof was replaced two years ago, and the HVAC equipment and water heaters are newer. A sewer-line upgrade reaches the city connection, and each residence has its own water meter. Both units are occupied by tenants paying $1,000 per side.
Key Highlights
- Two occupied units, each with tenants paying $1,000
- 1,700 square feet on a 0.1123‑acre lot
- 12‑foot ceilings and refurbished original hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,526
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,520
$430.5K
Cap Rate 7%
$307,514
$307.5K
Cap Rate 9%
$239,178
$239.2K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$33.7K $19.80/SF
− Vacancy
−$2.9K −$1.71/SF
EGI
$30.8K $18.09/SF
− OpEx
−$9.2K −$5.43/SF
NOI
$21.5K $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%
$430,520
Cap Rate 7%
$307,514
Cap Rate 9%
$239,178
Alternative Uses
Best Use
Multifamily LT 5
$307.5K
$269.1K – $358.8K
NOI $21,526 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$282.7K
$247.3K – $329.8K
NOI $19,786 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$432.1K
$378.1K – $504.1K
NOI $30,246 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
797
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences feature refreshed bathrooms and separate water meters.
Where is this duplex located?
The property is located at 8424 S CLAIBORNE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two occupied units, each with tenants paying $1,000; 1,700 square feet on a 0.1123‑acre lot; 12‑foot ceilings and refurbished original hardwood flooring
