Duplex
2219-2221 Dumaine St · New Orleans, LA
Flood risk 7/10 · Major
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.27%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- DSCR +10.0/10.0
- 1% rule +8.9/10.0
- Livability +4.0/5.0
- Condition / age +3.8/5.0
- Rent growth +2.5/5.0
- Schools +2.2/10.0
- Appreciation +0.0/10.0
$225,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks MLS
This updated shotgun-style duplex features two well-designed units, each offering 3 bedrooms and 2 bathrooms. Recent cosmetic updates, including fresh paint, enhance the property's appeal, while consistent upkeep ensures a clean and well-maintained living environment inside and out. Ideally located walking distance to restaurants, bars, grocery stores, and popular parade routes, this property is perfectly positioned for convenience and lifestyle appeal. An excellent opportunity for investors or owner-occupants looking to live in one unit and generate rental income from the other.
Key facts
- Well designed units
- Updated duplex
- Built 1920
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 3-bed/2.0-bath units multifamily listed at $225k. Condition is rated good.
- This rent per unit runs 35% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Deal economics
- At list price, monthly cash flow is $854 ($10k/yr) — positive. Per door: $427/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $225k).
- Recommended offer: $222k (1.5% below list) — sets the bar for market timing.
- Cap rate 11.2% vs local median 4.3% in New Orleans — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 81/100 on livability (#3 in LA, #1,383 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D.
- Orleans Parish (urban): math 11% / reading 27% proficiency, ranked #69 of 98 in LA (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Benjamin Franklin Elem. Math And Science (math 12% / reading 23%, grade F, #479 of 646 statewide, top 75%, 747 students, 98% FRL, charter) — zoned schools average 98% FRL vs 68% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents soft (-0.2%/yr); 565 active listings in the ZIP; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
- Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 16 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
- 9 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.39% ✓
- Cap rate
- 11.20%
- Cash-on-cash
- 17.53%
- DSCR
- 1.78
- GRM
- 6.0
CMA / ARV
- ARV (median comp)
- $416,286
- List price
- $225,000
- Delta
- -45.95%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2033 35 Governor Nicholls St | 0.24mi | 6/4.0 | 2,258 (-7%) | 1mo | $399,000 | $177 | 76 |
| 1526 28 Governor Nicholls St | 0.50mi | 6/3.0 | 2,460 (+1%) | 7mo | $350,000 | $142 | 65 |
| 1908-10 St. Louis St | 0.37mi | 6/6.0 | 2,468 (+1%) | 11mo | $438,000 | $177 | 63 |
| 1915-1917 Bayou Rd | 0.35mi | 5/3.0 (-1) | 2,255 (-7%) | 2mo | $250,000 | $111 | 61 |
| 1809 11 Laharpe St | 0.59mi | 6/4.0 | 2,503 (+3%) | 12mo | $529,000 | $211 | 58 |
| 2029 31 Conti St | 0.64mi | 6/6.0 | 2,502 (+3%) | 8mo | $485,000 | $194 | 51 |
| 1925 27 Iberville St | 0.52mi | 6/3.0 | 2,752 (+13%) | 2mo | $415,000 | $151 | 48 |
| 1818 Laharpe St | 0.56mi | 6/4.5 | 2,779 (+14%) | 1mo | $735,000 | $264 | 48 |
| 2328 30 Bienville St | 0.45mi | 5/3.5 (-1) | 2,115 (-13%) | 6mo | $400,000 | $189 | 45 |
| 2304 06 Laharpe St | 0.54mi | 6/3.5 | 2,132 (-12%) | 11mo | $275,000 | $129 | 43 |
| 1501-03 Marais St | 0.75mi | 6/4.0 | 2,680 (+10%) | 10mo | $690,000 | $257 | 39 |
| 2734 36 Orchid St | 0.48mi | 5/2.0 (-1) | 2,730 (+12%) | 17mo | $655,000 | $240 | 30 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- 3.8%
- Equity multiple
- 1.14×
- Total profit
- $8,819
- Equity at exit
- $33,548
- IRR
- 10.1%
- Equity multiple
- 1.68×
- Total profit
- $42,566
- Equity at exit
- $19,454
Cash invested: $63,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 90 Strongly Landlord-Friendly
- State Louisiana
- 90 Strongly Landlord-Friendly · R+12
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 31 active · 13 under contract
- Months of supply
- 15.5 mo (6%/mo absorbed)
- Median asking
- $399,900 ($168/sqft)
- Median days on market
- 16 d
- This list price
- 6% of active listings are priced below it
- ARV vs active asking
- +1.6% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 70119
- Home prices YoY
- -34.8%
- Rents YoY
- -0.2%
- Active inventory
- 565
- Price-to-rent
- 12.0×
Monthly cashflow live
- Estimated rent
- $3,133 high interval (Pro) →
- Mortgage (P&I)
- −$1,180
- Tax est. 1.5%
- −$281 /mo · $3,375/yr
- Insurance
- −$94
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$658
- Net cashflow
- $854
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 3 | 2 | $3,132 |
| #1 | 3 | 2 | $1,566 |
| #2 | 3 | 2 | $1,566 |
| Total (2 units) | $3,133 | ||
Break-even live
Sensitivity live
| Price | -10% $1,009 | -5% $931 | +0% $854 | +5% $776 | +10% $698 |
|---|---|---|---|---|---|
| Rent | -10% $606 | -5% $730 | +0% $854 | +5% $977 | +10% $1,101 |
| Rate | -1.0pp $967 | -0.5pp $911 | base $854 | +0.5pp $795 | +1.0pp $736 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $56,250
- Closing costs
- $6,750
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2230 Dumaine St New Orleans, LA | 2.0 | 2.0 | 983 | $2,000 | $2.03 | 164d | 1 | 0.01mi |
| 2230 Dumaine St New Orleans, LA | 2.0 | 2.0 | 983 | $1,700 | $1.73 | 25d | 1 | 0.01mi |
| 2214 Dumaine St New Orleans, LA | 2.0 | 1.0 | 1176 | $1,600 | $1.36 | 164d | 1 | 0.02mi |
| 921 N Miro St New Orleans, LA | 2.0 | 1.0 | 813 | $1,275 | $1.57 | 52d | 1 | 0.05mi |
| 921 N Miro St New Orleans, LA | 2.0 | 1.0 | 813 | $1,350 | $1.66 | 119d | 1 | 0.05mi |
| 2129 Dumaine St New Orleans, LA | 3.0 | 2.0 | 1226 | $1,850 | $1.51 | 144d | 1 | 0.06mi |
| 2219 St Philip St New Orleans, LA | 3.0 | 2.0 | 1000 | $1,500 | $1.50 | 52d | 1 | 0.09mi |
| 2125 Saint Ann St New Orleans, LA | 2.0 | 1.0 | 766 | $1,250 | $1.63 | 52d | 1 | 0.09mi |
| 913 N Tonti St New Orleans, LA | 3.0 | 2.0 | 1131 | $1,550 | $1.37 | 10d | 1 | 0.10mi |
| 913 N Tonti St New Orleans, LA | 3.0 | 2.0 | 1131 | $1,550 | $1.37 | 14d | 1 | 0.10mi |
| 1015 N Galvez St New Orleans, LA | 2.0 | 1.0 | — | $1,550 | — | 51d | 1 | 0.11mi |
| 1017 N Galvez St New Orleans, LA | 2.0 | 1.0 | 900 | $1,550 | $1.72 | 34d | 1 | 0.11mi |
| 2302 Ursulines Ave Unit A New Orleans, LA | 2.0 | 1.0 | 945 | $1,350 | $1.43 | 10d | 1 | 0.13mi |
| 2300 Ursulines Ave Unit A New Orleans, LA | 2.0 | 1.0 | 945 | $1,300 | $1.38 | 10d | 1 | 0.13mi |
| 2032 Saint Philip St New Orleans, LA | 2.0 | 2.0 | 800 | $1,600 | $2.00 | 164d | 1 | 0.14mi |
| 2302 Ursulines Ave Unit B New Orleans, LA | 2.0 | 1.0 | 924 | $1,700 | $1.84 | 45d | 1 | 0.14mi |
| 2423 Saint Ann St Unit 2423 New Orleans, LA | 3.0 | 1.0 | 1000 | $1,500 | $1.50 | 10d | 1 | 0.15mi |
| 2426 Saint Philip St New Orleans, LA | 2.0 | 1.0 | 849 | $1,450 | $1.71 | 164d | 1 | 0.15mi |
| 2332 Ursulines Ave Unit B New Orleans, LA | 2.0 | 1.0 | 925 | $1,425 | $1.54 | 138d | 1 | 0.15mi |
| 2332 Ursulines Ave Apt A New Orleans, LA | 2.0 | 1.0 | 700 | $1,200 | $1.71 | 138d | 1 | 0.15mi |
| 2332 Ursulines Ave Apt A New Orleans, LA | 2.0 | 1.0 | 950 | $1,295 | $1.36 | 17d | 1 | 0.15mi |
| 2332 Ursulines Ave New Orleans, LA | 2.0 | 1.0 | 1000 | $1,299 | $1.30 | 1d | 1 | 0.15mi |
| 2332 Ursulines Ave Unit C New Orleans, LA | 2.0 | 1.0 | 950 | $1,350 | $1.42 | 17d | 1 | 0.15mi |
| 2332 Ursulines Ave New Orleans, LA | 2.0 | 1.0 | 1000 | $1,299 | $1.30 | 23d | 1 | 0.15mi |
| 2332 Ursulines Ave Unit B New Orleans, LA | 2.0 | 1.0 | 950 | $1,400 | $1.47 | 17d | 1 | 0.15mi |
| 2332 Ursulines Ave Unit C New Orleans, LA | 2.0 | 1.0 | 950 | $1,350 | $1.42 | 10d | 1 | 0.15mi |
| 2332 Ursulines Ave Apt A New Orleans, LA | 2.0 | 1.0 | 950 | $1,295 | $1.36 | 10d | 1 | 0.15mi |
| 2332 Ursulines Ave Unit B New Orleans, LA | 2.0 | 1.0 | 950 | $1,400 | $1.47 | 10d | 1 | 0.15mi |
| 2332 Ursulines Ave Unit B New Orleans, LA | 2.0 | 1.0 | 700 | $1,400 | $2.00 | 164d | 1 | 0.15mi |
| 2332 Ursulines Ave Unit B New Orleans, LA | 2.0 | 1.0 | 925 | $1,399 | $1.51 | 133d | 1 | 0.15mi |
| 2017 Saint Ann St New Orleans, LA | 2.0 | 1.0 | 960 | $1,095 | $1.14 | 158d | 1 | 0.16mi |
| 2502 Dumaine St New Orleans, LA | 2.0 | 1.0 | 966 | $1,195 | $1.24 | 143d | 1 | 0.17mi |
| 2502 Dumaine St New Orleans, LA | 2.0 | 1.0 | 966 | $1,195 | $1.24 | 164d | 1 | 0.17mi |
| 2009 Saint Ann St Unit A New Orleans, LA | 2.0 | 2.0 | 840 | $1,125 | $1.34 | 5d | 1 | 0.17mi |
| 2009 Saint Ann St New Orleans, LA | 2.0 | 2.0 | 840 | $1,125 | $1.34 | 14d | 1 | 0.17mi |
| 2504 Dumaine St New Orleans, LA | 3.0 | 2.0 | 1650 | $3,500 | $2.12 | 10d | 1 | 0.17mi |
| 2506 Dumaine St New Orleans, LA | 3.0 | 2.0 | 1734 | $2,500 | $1.44 | 10d | 1 | 0.17mi |
| 2001 Saint Ann St Unit 2001 New Orleans, LA | 2.0 | 2.0 | 1550 | $1,350 | $0.87 | 1d | 1 | 0.18mi |
| 2001 Saint Ann St Unit 2001 New Orleans, LA | 3.0 | 2.0 | 1550 | $2,000 | $1.29 | 15d | 1 | 0.18mi |
| 910 N Prieur St New Orleans, LA | 2.0 | 1.0 | 820 | $1,250 | $1.52 | 10d | 1 | 0.18mi |
Property features AI
Finance
- Financial info
- Two units, each renting for $1,300Tenants pay electricity, gas, and water
Exterior
- Parking
- Off-street parking
- Utilities
- Public waterPublic sewerNatural gas available
- Home design
- DuplexShotgun architectural style
- Construction
- Raised foundation
Interior
- Bedrooms
- Three bedrooms in each unit
- Bathrooms
- Two full bathrooms in each unit
- Heating & cooling
- HeatingWindow-unit cooling
Listing history 50 events
-
2026-11-08days on market $225,000 Active 16 DOM
-
2026-11-07days on market $225,000 Active 15 DOM
-
2026-11-06days on market $225,000 Active 14 DOM
-
2026-11-05days on market $225,000 Active 13 DOM
-
2026-11-04days on market $225,000 Active 12 DOM
-
2026-11-02days on market $225,000 Active 10 DOM
-
2026-11-01days on market $225,000 Active 9 DOM
-
2026-10-31days on market $225,000 Active 8 DOM
-
2026-10-30days on market $225,000 Active 7 DOM
-
2026-10-29days on market $225,000 Active 6 DOM
-
2026-10-28days on market $225,000 Active 5 DOM
-
2026-10-27days on market $225,000 Active 4 DOM
-
2026-10-26days on market $225,000 Active 3 DOM
-
2026-10-26days on market $225,000 Active 2 DOM
-
2026-10-24days on market $225,000 Active 268 DOM
-
2026-10-23days on market $225,000 Active 267 DOM
-
2026-10-22days on market $225,000 Active 266 DOM
-
2026-10-21days on market $225,000 Active 265 DOM
-
2026-10-20days on market $225,000 Active 264 DOM
-
2026-10-19days on market $225,000 Active 263 DOM
Show marketing remark (586 chars)
This updated shotgun-style duplex features two well-designed units, each offering 3 bedrooms and 2 bathrooms. Recent cosmetic updates, including fresh paint, enhance the property's appeal, while consistent upkeep ensures a clean and well-maintained living environment inside and out. Ideally located walking distance to restaurants, bars, grocery stores, and popular parade routes, this property is perfectly positioned for convenience and lifestyle appeal. An excellent opportunity for investors or owner-occupants looking to live in one unit and generate rental income from the other.
-
2026-10-19price $225,000 Active 262 DOM
Show marketing remark (586 chars)
This updated shotgun-style duplex features two well-designed units, each offering 3 bedrooms and 2 bathrooms. Recent cosmetic updates, including fresh paint, enhance the property's appeal, while consistent upkeep ensures a clean and well-maintained living environment inside and out. Ideally located walking distance to restaurants, bars, grocery stores, and popular parade routes, this property is perfectly positioned for convenience and lifestyle appeal. An excellent opportunity for investors or owner-occupants looking to live in one unit and generate rental income from the other.
-
2026-10-18days on market $250,000 Active 262 DOM
Show marketing remark (592 chars)
This updated shotgun-style duplex features two well-designed units, each offering 3 bedrooms and 2 bathrooms. Recent cosmetic updates, including fresh paint, enhance the property’s appeal, while consistent upkeep ensures a clean and well-maintained living environment inside and out. Ideally located walking distance to restaurants, bars, grocery stores, and popular parade routes, this property is perfectly positioned for convenience and lifestyle appeal. An excellent opportunity for investors or owner-occupants looking to live in one unit and generate rental income from the other.
-
2026-10-17days on market $250,000 Active 261 DOM
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2026-10-16days on market $250,000 Active 260 DOM
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2026-10-15days on market $250,000 Active 259 DOM
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2026-10-14days on market $250,000 Active 258 DOM
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2026-10-13days on market $250,000 Active 257 DOM
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2026-10-12days on market $250,000 Active 256 DOM
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2026-10-11status $250,000 Active 255 DOM
Show marketing remark (592 chars)
This updated shotgun-style duplex features two well-designed units, each offering 3 bedrooms and 2 bathrooms. Recent cosmetic updates, including fresh paint, enhance the property’s appeal, while consistent upkeep ensures a clean and well-maintained living environment inside and out. Ideally located walking distance to restaurants, bars, grocery stores, and popular parade routes, this property is perfectly positioned for convenience and lifestyle appeal. An excellent opportunity for investors or owner-occupants looking to live in one unit and generate rental income from the other.
-
2026-10-11days on market $250,000 Active Under Contract 255 DOM
Show marketing remark (592 chars)
This updated shotgun-style duplex features two well-designed units, each offering 3 bedrooms and 2 bathrooms. Recent cosmetic updates, including fresh paint, enhance the property’s appeal, while consistent upkeep ensures a clean and well-maintained living environment inside and out. Ideally located walking distance to restaurants, bars, grocery stores, and popular parade routes, this property is perfectly positioned for convenience and lifestyle appeal. An excellent opportunity for investors or owner-occupants looking to live in one unit and generate rental income from the other.
-
2026-10-10days on market $250,000 Active Under Contract 254 DOM
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2026-10-09days on market $250,000 Active Under Contract 253 DOM
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2026-10-08days on market $250,000 Active Under Contract 252 DOM
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2026-10-07days on market $250,000 Active Under Contract 251 DOM
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2026-10-07days on market $250,000 Active Under Contract 250 DOM
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2026-10-05days on market $250,000 Active Under Contract 249 DOM
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2026-10-04days on market $250,000 Active Under Contract 248 DOM
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2026-10-04days on market $250,000 Active Under Contract 247 DOM
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2026-10-02days on market $250,000 Active Under Contract 246 DOM
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2026-10-01days on market $250,000 Active Under Contract 245 DOM
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2026-09-30days on market $250,000 Active Under Contract 244 DOM
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2026-09-29days on market $250,000 Active Under Contract 243 DOM
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2026-09-28days on market $250,000 Active Under Contract 242 DOM
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2026-09-27days on market $250,000 Active Under Contract 241 DOM
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2026-09-25days on market $250,000 Active Under Contract 239 DOM
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2026-09-24days on market $250,000 Active Under Contract 238 DOM
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2026-09-23days on market $250,000 Active Under Contract 237 DOM
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2026-09-22days on market $250,000 Active Under Contract 236 DOM
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2026-09-21days on market $250,000 Active Under Contract 235 DOM
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2026-09-20statusdays on market $250,000 Active Under Contract 234 DOM
Show marketing remark (592 chars)
This updated shotgun-style duplex features two well-designed units, each offering 3 bedrooms and 2 bathrooms. Recent cosmetic updates, including fresh paint, enhance the property’s appeal, while consistent upkeep ensures a clean and well-maintained living environment inside and out. Ideally located walking distance to restaurants, bars, grocery stores, and popular parade routes, this property is perfectly positioned for convenience and lifestyle appeal. An excellent opportunity for investors or owner-occupants looking to live in one unit and generate rental income from the other.
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 7/10 Severe FEMA zone X (shaded) · 27% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $37,596
- − Mortgage interest
- −$12,603
- − Property taxes
- −$3,375
- − Insurance
- −$1,922
- − Repairs & maintenance
- −$3,008
- − Management
- −$3,008
- − Depreciation
- −$6,545
- Taxable income
- $7,134
- Est. tax owed @ 24.0%
- −$1,712
- After-tax cash flow
- $8,532/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 13 photos
This updated shotgun-style duplex features two well-designed units, each offering 3 bedrooms and 2 bathrooms. The home is in good condition with fresh paint and hardwood flooring, making it an excellent opportunity for investors or owner-occupants looking to live in one unit and generate rental income from the other.
Value-add opportunities
- Both Painting the exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics, attracting more buyers and renters. ↑
- Both Updating the kitchen appliances — Modern appliances improve functionality and appeal, making the home more attractive to both buyers and renters. ↑
- Both Upgrading the bathrooms with modern fixtures — Modern bathrooms with updated fixtures increase the home's value and appeal to a broader range of buyers and renters. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Orleans Parish
- NCES district ID
- 2201170
- Math proficiency
- 11% ▼ -52.00%
- Reading proficiency
- 27% ▼ -46.00%
- Median HH income
- $37,011
- Composite
- 15.78/100
- National rank
- #9271
- State rank
- #69 of 98 in LA
Livability — New Orleans
- Score
- 81/100
- State rank
- #3
- US rank
- #1383
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- New Orleans, LA
- County
- Orleans Parish · 513,025 people
- City population
- 338,817
- Metro
- New Orleans-Metairie, LA
- Population (ZIP)
- 37,253
- Household income
- $53,143
- Rent vs Own
- Severe rent burden
- 13% of renters
Population outlook (Orleans County) Hauer SSP2
- Today (2025)
- 513,025 people
- By 2030
- 575,781 · +12.2%
- By 2040
- 700,174 · +36.5%
- By 2050
- 826,541 · +61.1%
- By 2075
- 1,123,374 · +119.0%
- By 2100
- 1,355,609 · +164.2%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.64)
- Race & ethnicity
- Black 44% White 40% Two or more races 10% Hispanic / Latino 9% Asian 1%
- Hispanic origin (detail)
- Mexican 2%
- Languages at home
- 91% English-only · Spanish 6% French/Haitian/Cajun 1% Other Indo-European 0%
Political lean MEDSL · Orleans
- 2024 margin
- Solid D (+67.0) · D 82.2% · R 15.2% · Other 2.7%
- 2008→2024 swing
- +6.7pp toward D · 2008: 60.3pp · 2024: 67.0pp
- All cycles
- 2024: D+67.0 2020: D+68.2 2016: D+66.2 2012: D+62.5 2008: D+60.3
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -135.38%
- Current HPI
- 253.1929
- Rent YoY
- ▼ -0.20%
- Metro
- New Orleans-Metairie, LA
- State GDP YoY
- ▲ 3.29%
- F500 in state
- 10
Industry mix (Fortune 500 HQ in LA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Telecommunications | 2 | $23B |
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| Utilities | 1 | $12B |
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| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
+181.2% since first listed21 events — show timeline
- 2026-10-19 Price Changed $225,000 AcadianaMLS
- 2026-10-18 Price Changed $225,000 GSREIN
- 2026-10-11 Relisted — AcadianaMLS
- 2026-10-11 Relisted — GSREIN
- 2026-09-20 Pending — AcadianaMLS
- 2026-09-20 Contingent — GSREIN
- 2026-08-02 Price Changed $250,000 AcadianaMLS
- 2026-08-02 Price Changed $250,000 GSREIN
- 2026-07-09 Price Changed $280,000 AcadianaMLS
- 2026-07-09 Price Changed $280,000 GSREIN
- 2026-04-18 Price Changed $310,000 AcadianaMLS
- 2026-04-18 Price Changed $310,000 GSREIN
- 2026-03-13 Price Changed $325,000 AcadianaMLS
- 2026-03-13 Price Changed $325,000 GSREIN
- 2026-01-29 Listed $225,000 ROAM MLS
- 2026-01-29 Listed $337,500 GSREIN
- 2026-01-29 Listed $337,500 AcadianaMLS
- 2011-04-28 Listed $39,900 AcadianaMLS
- 2011-03-26 Listed $55,000 AcadianaMLS
- 2006-03-02 Listed $254,000 AcadianaMLS
- 2001-06-15 Listed $80,000 AcadianaMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…