Duplex with Screened
New
For Sale
$510,000
8437 S CLAIBORNE Avenue, New Orleans, LA 70118
Multi-Family, Raised Basement, New Orleans, LA
Property Size3,385 SF
Price / SF$150.66
Days on Market2
Property Features for 8437 S CLAIBORNE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street
Patio and Porch features
Porch
Exterior features
Balcony, Fence, Porch Screened In
Fencing
Fenced
Lot features
Oversized
Standard status
Active
APN
8437-sclaiborneav
Size
3,385 SF
Taxes and HOA fees
Tax Description
Dist 7, SQ 341, Lot M-1
Legal Description
Dist 7, SQ 341, Lot M-1
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1923
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Staci Schwittay
(601) 337-6944
Added: Oct 17
Last Checked: Oct 18 at 2:06PM
MLS# 2582103
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.
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Investment Insights
Based on property information with market context.
This 3,385-square-foot duplex was built in 1923 and includes a balcony, screened porch, and fenced outdoor area. Central heating and central air serve the property, with off-street parking for residents. Public water service and a shingle roof are also part of the property.
Key Highlights
- 3,385‑square‑foot duplex built in 1923
- Balcony and screened porch
- Fenced outdoor area
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.
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Property Analytics
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Current Use
Lease Details
2
Residential units
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
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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 - Two residences offer flexibility for owner occupancy and rental use, with off-street parking.
Where is this duplex located?
The property is located at 8437 S CLAIBORNE Avenue 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 built in 1923; Balcony and screened porch; Fenced outdoor area
