Updated Duplex with Long-Term
For Sale
$335,000
8430 32 Jeannette St, New Orleans, LA 70118
Recently updated duplex with existing long-term tenants in an X Flood Zone.
Property Size1,561 SF
Price / SF$214.61
Days on Market57
Property Features for 8430 32 Jeannette St
General Information
Standard status
Active
Size
1,561 SF
Property subtype
Multi-Family
Building Details
Year Built
1963
Listing Agency:
eXp Realty, LLC
Listed By:
Lauren Lawson · License #995704895
(504) 452-8439
Source:
Dominionplace
Added: Aug 24
Changed: Oct 7
Last Checked: Oct 7 at 4:09PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex was built in 1963 and has been recently updated for continued residential occupancy. The property is currently occupied by long-term tenants, providing an established rental setup for a new owner. Its 1,561 property size supports a practical residential configuration while the updated condition may simplify ongoing maintenance.
The property is located near S. Carrollton and Oak Street in New Orleans, with walkable access to public transportation, restaurants, and local shops. The surrounding access and nearby neighborhood amenities support everyday convenience for residents. The property is also identified as being in an X Flood Zone.
The property is located near S. Carrollton and Oak Street in New Orleans, with walkable access to public transportation, restaurants, and local shops. The surrounding access and nearby neighborhood amenities support everyday convenience for residents. The property is also identified as being in an X Flood Zone.
Key Highlights
- Duplex built in 1963
- Recently updated residential property
- Occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,766
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,320
$395.3K
Cap Rate 7%
$282,371
$282.4K
Cap Rate 9%
$219,622
$219.6K
Market Conditions
NOI Build-Up for 1,561 SF
Gross rent
$30.9K $19.80/SF
− Vacancy
−$2.7K −$1.71/SF
EGI
$28.2K $18.09/SF
− OpEx
−$8.5K −$5.43/SF
NOI
$19.8K $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%
$395,320
Cap Rate 7%
$282,371
Cap Rate 9%
$219,622
Alternative Uses
Best Use
Multifamily LT 5
$282.4K
$247.1K – $329.4K
NOI $19,766 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$259.5K
$227.1K – $302.8K
NOI $18,168 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$396.8K
$347.2K – $462.9K
NOI $27,773 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,185
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Recently updated duplex with existing long-term tenants in an X Flood Zone.
Where is this duplex located?
The property is located at 8430 32 Jeannette St New Orleans, LA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Duplex built in 1963; Recently updated residential property; Occupied by long‑term tenants
