For SaleDuplexMultifamily

329-31 N Derbigny St

New Orleans, LA 70112  |  Orleans Parish
$499,000
$499,000List Price
2Units
6Total Beds
3,100Total Sq Ft
1921Year Built
$160.97Price / Sq Ft
$3,681Monthly Rent

Property Overview

Fully renovated income producing duplex just steps from the French Quarter and Lafitte Greenway, minutes from the biomedical district in the HU-RD2 historic district. Taken down to the studs and rebuilt in 2021, each of the two 3 bed / 2.5 bath units offers open concept living, hardwood and laminate flooring, granite countertops, shaker cabinetry, stainless steel appliances, tankless water heaters, in unit laundry and a private gallery balcony.

The fully fenced property includes security gate access, exterior cameras, a full alarm system and one off street parking spot, plus flood zone X and a termite bond through September 2027.

Both units are leased through HANO, producing $3,681 per month in actual income: Unit 331 at $1,781 (previously $2,150, with an increase application planned for late 2026) and Unit 329 at $1,900 on a new one year lease signed September 2026. Pro forma income of $4,225 per month is based on the units’ prior achieved rents of $2,150 and $2,075.

Interested in this property?

Contact the listing team for showings, pricing details and financing questions.

Contact the AgentsCall Cameron

Unit Mix & Income

UnitBedsBathsMonthly Rent
Unit 33132.5$1,781
Unit 32932.5$1,900

Rents are per the MLS.

Income Summary

Gross monthly rent (per MLS)$3,681
Gross annual rent (calculated)$44,172
Price per unit (calculated)$249,500
Gross rent multiplier (calculated)11.30x
Pro forma monthly rent$4,225

Rents are as reported in the MLS. Both units are leased through HANO. Buyers should verify all income and expense information.

Property Details

MLS #2571004
StatusActive
Property typeMulti-Family (duplex)
Total units2
Total living area3,100 sq ft
Year built1921 (rebuilt 2021)
Stories2
Lot size48 x 54
StyleTownhouse
ConstructionHardboard siding
RoofShingle
FoundationRaised
ConditionExcellent
ParkingOne off street space
FeaturesFence, security cameras, in unit laundry
Heat / airCentral
ElectricEntergy (tenant paid)
WaterPublic (owner paid)
Bounding streetsBienville St, Conti St

Contact the Listing Team

Cameron Griffin

Listing Agent

Call (504) 535-5680Email

Bryce Danna-Marullo

Co-Listing Agent

Call (504) 301-5583Email

Bridgewater Realty Advisors, LLC  |  3501 Severn Ave, Suite 19, Metairie, LA 70002  |  (504) 901-0463