Two-Unit Craftsman
For Sale
$329,000
8633 S CLAIBORNE Avenue, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size1,735 SF
Lot Size0.10 Acres
Price / SF$189.63
Days on Market22
Property Features for 8633 S CLAIBORNE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Porch
Lot features
Irregular Lot
Standard status
Active
APN
716307220
Size
1,735 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
SQ 339 LOT 9-A S CLAIBORNE 35.86 X 120 32.5 X 120 2 DB & 1 SF 8637-39 S CLAIBORNE
Legal Description
SQ 339 LOT 9-A S CLAIBORNE 35.86 X 120 32.5 X 120 2 DB & 1 SF 8637-39 S CLAIBORNE
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s)
Water source
Public
Amenities
original hardwood floors
covered rear deck
detached storage shed
laundry on each side
Building Details
Year built
1923
Number of units
2
Building materials
Wood Siding
Architectural style
Craftsman
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Jamie Amdal Hughes · License #000058832
(504) 913-0597
Added: Oct 2
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2579408
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 1,735-square-foot Craftsman duplex contains two residences, each with two full bathrooms and laundry. Original hardwood floors run throughout. A covered rear porch connects to the yard, which also includes a detached storage shed. The building has wood siding, central heating, and window-unit cooling; public water and sewer serve the property. A new roof was installed in 2022, and the home was built in 1923 on a 0.0988-acre lot.
The property is in New Orleans’ Carrollton neighborhood, with Audubon Park and Tulane less than 10 minutes away and the Superdome less than 15 minutes away. The listing identifies the property as being in an X zone.
The property is in New Orleans’ Carrollton neighborhood, with Audubon Park and Tulane less than 10 minutes away and the Superdome less than 15 minutes away. The listing identifies the property as being in an X zone.
Key Highlights
- Two residences with two full baths and laundry on each side
- 1,735 square feet on a 0.0988‑acre lot
- New roof installed in 2022; built in 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,969
Cap Rate
6.68%
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 6.68%
Second Best
Apartment 5plus
$288.5K
$252.4K – $336.6K
NOI $20,193 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$441.0K
$385.9K – $514.5K
NOI $30,869 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two full bathrooms and in-unit laundry, with shared outdoor space behind the building.
Where is this duplex located?
The property is located at 8633 S CLAIBORNE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two residences with two full baths and laundry on each side; 1,735 square feet on a 0.0988‑acre lot; New roof installed in 2022; built in 1923
