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    New Orleans Multi-Family Property Title is generated by Realmo AI

    2457 JASMINE Street, New Orleans, LA 70122

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    Claim this Listing
    For Sale
    $299,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    1,800 SF
    Price / SF:
    $166/SF
    Added:
    Apr 22, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 9 at 8:06 pm

    Property Features for 2457 JASMINE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street, Driveway
    Patio and Porch features
    Porch, Patio
    Exterior features
    Fence, Outdoor Entertainment Area Beyond Your Average Patio, Porch
    Fencing
    Fenced
    Standard status
    Active
    APN
    345
    Size
    1,800 SF

    Taxes and HOA fees

    Tax Description
    Edgewood Pk. Sq 38 Pt Lots 54 Pt 53 Pt 55

    Utilities

    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1954
    Floors in Building
    1
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Jean Michel

    Listing agent Jean Michel License #000022334

    Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA

    Listing date Apr 22, 2026

    MLS# 2554320 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.

    HighLights

    • Each unit has its own driveway.
    • Newer roof.
    • Great location.
    • Wonderful front porch.
    • Outdoor entertainment area beyond your average patio.
    • Live in one side and rent the other side.

    Overview

    This multi-family property is located in New Orleans, LA. Each unit features its own driveway and a front porch. The property has undergone renovations, including a newer roof and exterior painting. The floor plan is open. The property offers the option to occupy one unit and rent out the other.

    Local 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 $29.2k $16.20
    − Vacancy −$2.5k −$1.40
    EGI $26.6k $14.80
    − OpEx −$8.0k −$4.44
    NOI $18.6k $10.36
    1,800 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $266.4K
    $233.1K – $310.8K (±1% cap)
    NOI $18,648 @ 7.0% cap · market cap 6.24%
    Second Best
    Apartment 5plus
    $231.4K
    $202.5K – $270.0K (±1% cap)
    NOI $16,198 @ 7.0% cap · market cap 5.42%
    Theoretical Best
    Office A
    $471.0K
    $412.1K – $549.5K (±1% cap)
    NOI $32,970 @ 7.0% cap · market cap 11.03%
    Zoning and permitted uses should be independently verified with local authorities.
    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
    -90.053106
    Latitude
    30.000688

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    FAQs

    What type of property is this?
    Duplex - Multi-family property with renovated units and individual driveways.
    Where is this duplex located?
    The property is located at 2457 JASMINE Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Each unit has its own driveway.; Newer roof.; Great location.
    (504) 908-5037
    We can help!
    Listing Contact
    Jean Michel
    Real Estate License ID: 000022334
    Learn More
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