Craftsman-Style
New
For Sale
$329,000
8633 S CLAIBORNE Avenue, New Orleans, LA 70118
Multi-Family, Craftsman, New Orleans, LA
Property Size1,735 SF
Lot Size0.10 Acres
Price / SF$189.63
Days on Market4
Property Features for 8633 S CLAIBORNE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Porch
Lot features
Irregular
Subdivision
Carrollton
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
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
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Craftsman
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Jamie Hughes · License #000058832
(504) 913-0597
Added: Oct 2
Last Checked: Oct 5 at 12:06PM
MLS# 2579408
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.
Investment Insights
Based on property information with market context.
Built in 1923, this 1,735-square-foot Craftsman duplex sits on a 0.0988-acre lot. Both residences have original hardwood flooring, two full bathrooms, and laundry. A 2022 roof, covered rear deck, yard, and detached storage shed are additional property features.
The property is in New Orleans, with Audubon Park and Tulane less than 10 minutes away and the Superdome under 15 minutes away. It is in the X flood zone.
The property is in New Orleans, with Audubon Park and Tulane less than 10 minutes away and the Superdome under 15 minutes away. It is in the X flood zone.
Key Highlights
- 1,735‑square‑foot Craftsman duplex built in 1923
- 0.0988‑acre lot
- Each side has 2 full bathrooms and laundry
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
567
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two full bathrooms, laundry, and access to a covered rear deck and shared yard.
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: 1,735‑square‑foot Craftsman duplex built in 1923; 0.0988‑acre lot; Each side has 2 full bathrooms and laundry
