Shotgun-Style
For Sale
$335,000
8430 JEANNETTE Street, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size1,561 SF
Price / SF$214.61
Days on Market201
Property Features for 8430 JEANNETTE Street
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
716203707
Size
1,561 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
1. SQ 178 LOT C JEANNETTE 2. 8430-32 JEANNETTE 3. 30 X 90
Legal Description
1. SQ 178 LOT C JEANNETTE 2. 8430-32 JEANNETTE 3. 30 X 90
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Number of units
2
Building materials
Vinyl Siding
Architectural style
Shotgun
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Lauren V Lawson · License #995704895
(504) 452-8439
Added: Apr 6
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2551340
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 1,561-square-foot duplex was built in 1963 and has a shotgun architectural style with vinyl siding. The property includes four bedrooms and two bathrooms, along with central heating and central air conditioning. Natural gas is available, and the property is connected to public water and sewer. Long-term tenants currently occupy the building.
The property is near S. Carrollton and Oak Street in New Orleans, with public transportation, restaurants, and local shops in the surrounding area. It is in X Flood Zone.
The property is near S. Carrollton and Oak Street in New Orleans, with public transportation, restaurants, and local shops in the surrounding area. It is in X Flood Zone.
Key Highlights
- 1,561‑square‑foot duplex built in 1963
- Four bedrooms and two bathrooms
- Shotgun architectural style with vinyl siding
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.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,089
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
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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 - Long-term tenants currently occupy the property, with central heating and air conditioning serving the residence.
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 $335,000.
What are key features of this property?
This property features: 1,561‑square‑foot duplex built in 1963; Four bedrooms and two bathrooms; Shotgun architectural style with vinyl siding
