Craftsman Duplex with New
8633-35 South Claiborne Avenue New Orleans, LA 70118
8633-35 South Claiborne Avenue, New Orleans, LA, 70118
$349,000
For Sale
$349,000
Craftsman duplex with a 2022 roof, original hardwood floors, and laundry plus two full baths on each side.
Property Size1,735 SF
Price / SF$201.15
Days on Market25
Property Features for 8633-35 South Claiborne Avenue
General Information
- Standard status
- Active
- Size
- 1,735 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1932
Listing agency
REVE, REALTORS
(504) 913-0597
Listed by
Jamie Amdal Hughes · License #000058832
(504) 913-0597
Source
Compass
Added: Jun 28 Updated: Jul 22 at 12:14AM Checked: Jul 22 at 11:30AM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This craftsman double offers original hardwood floors throughout and two full baths with laundry on each side. The roof was replaced in 2022, and both units include a covered rear deck that opens to the yard. A detached storage shed is also on the property.
Located in the Carrollton neighborhood of New Orleans at 8633-35 South Claiborne Avenue, the home provides convenient access to major parts of the city, including less than 15 minutes to the Superdome and under 10 minutes to Audubon Park/Tulane. The property is noted as being in the preferred X zone.
The layout supports comfortable two-side living within a single duplex structure, with outdoor space provided via the covered rear decks and yard, plus storage in the detached shed.
Located in the Carrollton neighborhood of New Orleans at 8633-35 South Claiborne Avenue, the home provides convenient access to major parts of the city, including less than 15 minutes to the Superdome and under 10 minutes to Audubon Park/Tulane. The property is noted as being in the preferred X zone.
The layout supports comfortable two-side living within a single duplex structure, with outdoor space provided via the covered rear decks and yard, plus storage in the detached shed.
Key Highlights
- 4‑bedroom, 4‑bath craftsman double (duplex) with 1 story, built in 1932
- New 2022 asphalt roof and wood siding exterior
- Original hardwood floors throughout
Local 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 | $34.4k | $19.80 |
| − Vacancy | −$3.0k | −$1.71 |
| EGI | $31.4k | $18.09 |
| − OpEx | −$9.4k | −$5.43 |
| NOI | $22.0k | $12.66 |
1,735 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$313.8K
$274.6K – $366.2K
NOI $21,969 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$288.5K
$252.4K – $336.6K
NOI $20,193 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$441.0K
$385.9K – $514.5K
NOI $30,869 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Craftsman duplex with a 2022 roof, original hardwood floors, and laundry plus two full baths on each side.
Where is this duplex located?
The property is located at 8633-35 South Claiborne Avenue 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: 4‑bedroom, 4‑bath craftsman double (duplex) with 1 story, built in 1932; New 2022 asphalt roof and wood siding exterior; Original hardwood floors throughout
