New Orleans
For Sale
$510,000
8437 S Claiborne Ave, New Orleans, LA 70118
The property offers residential rental use across a two-unit configuration.
Property Size3,385 SF
Price / SF$150.66
Days on Market13
Property Features for 8437 S Claiborne Ave
General Information
Standard status
Active
Size
3,385 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Leonidas
Additional Details
Multifamily Units
2
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Staci J Schwittay · License #995707014
(601) 337-6944
Source:
Exprealty
Added: Oct 17
Changed: Oct 29
Last Checked: Oct 28 at 5:40AM
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.
At 8437 S Claiborne Ave in New Orleans, this 3,385-square-foot duplex presents two residential units. The property can accommodate an owner in one unit while the other is rented, or rental use across both units.
Key Highlights
- 3,385‑square‑foot duplex
- 8437 S Claiborne Ave, New Orleans, LA
- Options to occupy one unit and rent the other, or rent both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,863
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,260
$857.3K
Cap Rate 7%
$612,329
$612.3K
Cap Rate 9%
$476,256
$476.3K
Market Conditions
NOI Build-Up for 3,385 SF
Gross rent
$67.0K $19.80/SF
− Vacancy
−$5.8K −$1.71/SF
EGI
$61.2K $18.09/SF
− OpEx
−$18.4K −$5.43/SF
NOI
$42.9K $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%
$857,260
Cap Rate 7%
$612,329
Cap Rate 9%
$476,256
Alternative Uses
Best Use
Multifamily LT 5
$612.3K
$535.8K – $714.4K
NOI $42,863 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$562.8K
$492.5K – $656.6K
NOI $39,397 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$860.4K
$752.8K – $1.00M
NOI $60,225 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
797
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property offers residential rental use across a two-unit configuration.
Where is this duplex located?
The property is located at 8437 S Claiborne Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 3,385‑square‑foot duplex; 8437 S Claiborne Ave, New Orleans, LA; Options to occupy one unit and rent the other, or rent both units
