Duplex with Hardwood
For Sale
$335,000
8633 35 S Claiborne Ave, New Orleans, LA 70118
Two separate residences each offer full baths, laundry facilities, and access to shared outdoor amenities.
Property Size1,735 SF
Price / SF$193.08
Days on Market57
Property Features for 8633 35 S Claiborne Ave
General Information
Standard status
Active
Size
1,735 SF
Property subtype
Multi-Family
Building Details
Year Built
1923
Construction
craftsman
Listing Agency:
REVE, REALTORS
Listed By:
Jamie Hughes · License #000058832
(504) 913-0597
Source:
Fiorellaavenue
Added: Aug 24
Changed: Oct 6
Last Checked: Oct 19 at 9:45AM
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
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Investment Insights
Based on property information with market context.
Built in 1923, this 1,735-square-foot duplex presents two residences with original hardwood flooring, two full baths, and laundry facilities on each side. A roof installed in 2022 supports the property’s core improvements, while a covered rear deck extends toward the yard and detached storage shed.
The property is located at 8633 35 S Claiborne Ave in New Orleans, with travel times of less than 15 minutes to the Superdome and less than 10 minutes to Audubon Park and Tulane. The property is also situated in the X zone.
The property is located at 8633 35 S Claiborne Ave in New Orleans, with travel times of less than 15 minutes to the Superdome and less than 10 minutes to Audubon Park and Tulane. The property is also situated in the X zone.
Key Highlights
- 1,735‑square‑foot duplex built in 1923
- 2022 roof installation
- Original hardwood floors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,969
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,380
$439.4K
Cap Rate 7%
$313,843
$313.8K
Cap Rate 9%
$244,100
$244.1K
Market Conditions
NOI Build-Up for 1,735 SF
Gross rent
$34.4K $19.80/SF
− Vacancy
−$3.0K −$1.71/SF
EGI
$31.4K $18.09/SF
− OpEx
−$9.4K −$5.43/SF
NOI
$22.0K $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%
$439,380
Cap Rate 7%
$313,843
Cap Rate 9%
$244,100
Alternative Uses
Best Use
Multifamily LT 5
$313.8K
$274.6K – $366.2K
NOI $21,969 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$288.5K
$252.4K – $336.6K
NOI $20,193 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$441.0K
$385.9K – $514.5K
NOI $30,869 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
567
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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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 separate residences each offer full baths, laundry facilities, and access to shared outdoor amenities.
Where is this duplex located?
The property is located at 8633 35 S Claiborne Ave 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: 1,735‑square‑foot duplex built in 1923; 2022 roof installation; Original hardwood floors throughout
