Turnkey Income
8430 JEANNETTE Street New Orleans, LA 70118
For Sale
$349,000
MULTI_FAMILY - New Orleans, LA
Property Size1,561 SF
Price / SF$223.57
Days on Market114
Property Features for 8430 JEANNETTE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Fence
Fencing
Fenced
Standard status
Active
APN
716203707
Size
1,561 SF
Taxes and HOA fees
Tax Description
1. SQ 178 LOT C JEANNETTE 2. 8430-32 JEANNETTE 3. 30 X 90
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Lauren Lawson · License #995704895
(337) 522-7554
Added: Apr 6
Changed: Jun 23
Last Checked: Jul 28 at 3:06AM
MLS# 2551340
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 turnkey income-producing double is offered for sale at 8430 Jeannette Street. The property is already occupied by long-term tenants and presented as low-maintenance, with recent updates intended to support day-to-day ease and tenant appeal.
The asset is positioned in a walkable area with nearby access to public transportation, popular restaurants, and local shops. It is described as being near S. Carrollton and Oak Street, and it is listed as located in an X Flood Zone.
For buyers seeking an income double with current in-place occupancy, this configuration may offer a straightforward path to ownership given the long-term tenant presence and the stated focus on simple maintenance. The recently updated condition and “turnkey” presentation are key considerations for anyone looking to acquire without immediate unit-turn work, consistent with the information provided.
The asset is positioned in a walkable area with nearby access to public transportation, popular restaurants, and local shops. It is described as being near S. Carrollton and Oak Street, and it is listed as located in an X Flood Zone.
For buyers seeking an income double with current in-place occupancy, this configuration may offer a straightforward path to ownership given the long-term tenant presence and the stated focus on simple maintenance. The recently updated condition and “turnkey” presentation are key considerations for anyone looking to acquire without immediate unit-turn work, consistent with the information provided.
Key Highlights
- Income‑producing double occupied by long‑term tenants, providing immediate rental income
- Located in X Flood Zone
- Central heating and central air conditioning
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 | $30.9k | $19.80 |
| − Vacancy | −$2.7k | −$1.71 |
| EGI | $28.2k | $18.09 |
| − OpEx | −$8.5k | −$5.43 |
| NOI | $19.8k | $12.66 |
1,561 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$282.4K
$247.1K – $329.4K
NOI $19,766 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$259.5K
$227.1K – $302.8K
NOI $18,168 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$396.8K
$347.2K – $462.9K
NOI $27,773 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Recently updated double occupied by long-term tenants, offering a low-maintenance setup in an X Flood Zone.
Where is this duplex located?
The property is located at 8430 JEANNETTE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Income‑producing double occupied by long‑term tenants, providing immediate rental income; Located in X Flood Zone; Central heating and central air conditioning
