New Construction Duplex on
For Sale
$320,000
8730 BELFAST Street, New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
Property Size1,800 SF
Lot Size0.07 Acres
Price / SF$177.78
Days on Market178
Property Features for 8730 BELFAST Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch
Exterior features
Porch
Lot features
Regular
Standard status
Active
APN
716323414
Size
1,800 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
SQ 374 LOTS 23-24 BELFAST & EAGLE 40 X 80 8730-32 BELFAST
Legal Description
SQ 374 LOTS 23-24 BELFAST & EAGLE 40 X 80 8730-32 BELFAST
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Maya Madison · License #995693263
(504) 669-8822
Added: Feb 3
Changed: May 14
Last Checked: Jul 31 at 3:06AM
MLS# 2541451
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.
This new construction duplex, built in 2024, features a front and back layout, offering privacy. The property includes granite countertops, stainless steel appliances, and 11-foot ceilings. Transoms above the doors allow natural light to flow freely. Built-out closets offer storage space. Each side of the home has 2 bedrooms and 2 full baths. Situated on a corner lot, the property includes off-street parking for 2 cars. The back unit is already tenant-occupied, while the front unit can be either owner-occupied or rented. The property is located in New Orleans, LA 70118. The lot size is 0.0735 acres, and the property size is 1800 square feet.
Key Highlights
- Unique Front and Back Layout offering privacy
- Dual Living Spaces: Each side features 2 bedrooms and 2 full baths
- New Construction (2024) with modern design
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 | $35.6k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.6k | $18.09 |
| − OpEx | −$9.8k | −$5.43 |
| NOI | $22.8k | $12.66 |
1,800 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.6K
$284.9K – $379.9K
NOI $22,792 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$299.3K
$261.9K – $349.2K
NOI $20,950 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$457.5K
$400.3K – $533.8K
NOI $32,025 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
951
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New Orleans duplex featuring a unique front and back configuration.
Where is this duplex located?
The property is located at 8730 BELFAST Street New Orleans, LA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Unique Front and Back Layout offering privacy; Dual Living Spaces: Each side features 2 bedrooms and 2 full baths; New Construction (2024) with modern design
