Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1114 2Nd St New Orleans, LA 70130

    Sponsored
    For Sale
    $775,000

    Spanish, Duplex - New Orleans, LA

    Type:Duplex
    Property size:
    2,168 SF
    Days on Market:
    8
    Last Refresh:
    Feb 27 at 4:06 am

    Property Features for 1114 2Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Laundry
    Parking features
    Garage
    EntryLevel
    3
    Exterior features
    Balcony
    Size
    2,168 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    3
    Number of units
    2
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    Spanish

    We can help!

    Listing Contact
    Tracey Moore

    Rêve | Realtors (504) 300-0700

    Listing agent Tracey Moore (504) 300-0700

    Listing date Feb 20, 2026

    MLS# 2537212 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Garden District Spanish-Style Duplex

    This Spanish-style duplex is located in the Garden District. The ground level features a spacious garage with room for parking two vehicles in tandem, and over 1,000 sq. ft. of versatile storage space. Above the garage are two units, each offering 2 bedrooms and 1 bathroom. Private front balconies offer views of the Garden District. A new FORTIFIED roof was installed in 2024. The unit directly over the garage is owner occupied, while the upper unit is currently tenant-occupied, providing immediate rental income. Both units have separate meters. The property offers a low maintenance footprint with an emphasis on interior living. The location is a short walk from the shops and restaurants along Magazine Street, Commander’s Palace, the St. Charles Avenue streetcar, and the Mardi Gras and St. Patrick's Day parades. The property size is 2168 square feet and the lot size is 0 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0804008
    Latitude
    29.9278549

    Nearby Similar for Sale

    • $550,000
      7,000 SF

      Versatile Commercial Building, New Orleans East

      7,000 sq ft commercial building suitable for multiple business uses.
      6930 Martin Dr, New Orleans, LA 70126
      View Details
    • $697,000
      2,029 SF

      Remodeled Mixed-Use Property in Marigny

      Remodeled mixed-use property in historic Faubourg Marigny, New Orleans.
      2404 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • $650,000
      6,900 SF

      Iconic Bywater Commercial Property

      Versatile 6,900 sq ft property in the heart of Bywater.
      4321 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • $599,000
      1,740 SF

      Warehouse District Commercial Space

      Unique commercial property in the desirable Warehouse District.
      422 Notre Dame St, New Orleans, LA 70130
      View Details
    • $450,000
      2,700 SF

      Uptown Bar with Adjoining Lot

      Uptown bar with kitchen, storage, and adjacent vacant lot.
      1832 7Th St, New Orleans, LA 70115
      View Details
    • $329,900
      1,904 SF

      Fairgrounds Investment Opportunity

      Two-unit property near Fairgrounds with income potential.
      1516 Gentilly Blvd, New Orleans, LA 70119
      View Details
    • $625,000
      2,059 SF

      CBD Ground-Floor Office Space

      Prime CBD office space with modern renovations and accessibility features.
      821 Perdido St, New Orleans, LA 70112
      View Details
    • $415,000

      Retail Condo in Central Business District

      Retail condo in high-traffic area near French Quarter.
      736 Union St, New Orleans, LA 70130
      View Details
    • $850,000
      4,850 SF

      Retail Property in High-Traffic Area

      Two-story strip mall in high-traffic New Orleans location.
      1418 N Claiborne Ave, New Orleans, LA 70116
      View Details
    • $1,595,000
      4,906 SF

      Canal Street Automotive Property

      Income-producing commercial property on Canal Street with long-term upside.
      4243 Canal St, New Orleans, LA 70119
      View Details
    • Contact for pricing
      1,500 SF

      Furnished Office/Co-working Space For Sale

      Furnished office/co-working space in a historic building, renovated in 2019.
      3726 Saint Claude Ave, New Orleans, LA 70117
      View Details
    • $269,900
      395 SF

      Established Commercial Property, New Orleans

      Corner lot with high traffic, shared with long-term tenant.
      1839-41 Elysian Fields Ave, New Orleans, LA 70117
      View Details

    FAQs

    What type of property is this?
    Duplex - Stunning duplex in the heart of the Garden District.
    Where is this duplex located?
    The property is located at 1114 2Nd St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Prime Garden District location, walking distance to Magazine Street shops/restaurants, Commander's Palace, and parade routes.; - Two-unit duplex providing immediate rental income from tenant-occupied unit.; - Brand-new FORTIFIED roof installed in 2024, reducing insurance costs.
    (504) 352-3303
    Request Owner's contact information
    1114 2Nd St New Orleans, LA 70130
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1114 2Nd St
    New Orleans, LA 70130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1114 2Nd St New Orleans, LA 70130
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tracey Moore
    Real Estate License ID: 000073376
    (504) 352-3303 (504) 300-0700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!