Two-Unit Duplex with Covered
For Sale
$399,000
9201 A S CLAIBORNE Avenue, New Orleans, LA 70118
Multi-Family, Craftsman, New Orleans, LA
Property Size2,567 SF
Lot Size0.08 Acres
Price / SF$155.43
Days on Market43
Property Features for 9201 A S CLAIBORNE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Balcony, Fence, Porch, Window Screens
Fencing
Fenced
Lot features
Corner, Regular
Standard status
Active
APN
716306615
Size
2,567 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
SQ 333 S CLAIBORNE AV AND MISTLETOE ST LOT 1 30X120
Legal Description
SQ 333 S CLAIBORNE AV AND MISTLETOE ST LOT 1 30X120
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered front porch
private driveway
separate utilities
central HVAC
interior washer/dryer hookups
stone countertops
large islands
shaker-style cabinetry
tile backsplashes
gas ranges
new stainless steel appliances
no carpet
recessed lighting
energy-efficient windows
water heaters
insulation
walk-in closets
private baths
freestanding soaking tub
separate glass-enclosed shower
mudroom
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Craftsman
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Mary Danna · License #995689808
(504) 517-6533
Added: Aug 24
Changed: Sep 28
Last Checked: Oct 5 at 11:06AM
MLS# 2573446
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 2,567-square-foot Craftsman duplex contains two residences with comparable layouts and open living areas. Each unit includes a covered front porch, driveway, separate utilities, central HVAC, and interior washer and dryer hookups. Kitchens are equipped with stone counters, islands with seating, shaker cabinetry, tile backsplashes, gas ranges, and stainless steel appliances. Both primary suites have walk-in closets and private bathrooms; the lower unit’s bathroom includes a soaking tub and separate glass-enclosed shower. The lower residence also connects to a mudroom from the driveway.
The property occupies a 0.0826-acre corner lot in Flood Zone X. Additional features include fenced outdoor space, a balcony, window screens, public water, and a shingle roof.
The property occupies a 0.0826-acre corner lot in Flood Zone X. Additional features include fenced outdoor space, a balcony, window screens, public water, and a shingle roof.
Key Highlights
- Two units with similar floor plans in a 2,567‑square‑foot duplex
- 0.0826‑acre corner lot in Flood Zone X
- Separate utilities, central HVAC, driveway, and covered front porch for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,505
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$650,100
$650.1K
Cap Rate 7%
$464,357
$464.4K
Cap Rate 9%
$361,167
$361.2K
Market Conditions
NOI Build-Up for 2,567 SF
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.
Gross rent
$50.8K $19.80/SF
− Vacancy
−$4.4K −$1.71/SF
EGI
$46.4K $18.09/SF
− OpEx
−$13.9K −$5.43/SF
NOI
$32.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$650,100
Cap Rate 7%
$464,357
Cap Rate 9%
$361,167
Alternative Uses
Best Use
Multifamily LT 5
$464.4K
$406.3K – $541.8K
NOI $32,505 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$426.8K
$373.5K – $498.0K
NOI $29,877 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$652.4K
$570.9K – $761.2K
NOI $45,671 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
542
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Each residence has its own driveway, utility services, central HVAC, and private outdoor porch.
Where is this duplex located?
The property is located at 9201 A S CLAIBORNE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two units with similar floor plans in a 2,567‑square‑foot duplex; 0.0826‑acre corner lot in Flood Zone X; Separate utilities, central HVAC, driveway, and covered front porch for each unit
