Duplex Income Property with Off-Street
2472-74 VIENNA Street New Orleans, LA 70122
2472-74 VIENNA Street, New Orleans, LA, 70122
$350,000
For Sale
$350,000
MULTI_FAMILY - New Orleans, LA
Property Size2,595 SF
Lot Size0.16 Acres
Price / SF$134.87
Days on Market71
Property Features for 2472-74 VIENNA Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 38W411509
- Size
- 2,595 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- SQ 4662 LOT 9 77 X 89 2472-74 VIENNA & ARTS ST DBLE 5/RMS EACH A/R
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2015
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Contemporary
Listing Agency
REVE, REALTORS
(504) 300-0700
4827 Prytania St, New Orleans, LA
Listed by
Celeste Marshall · License #995686000
(504) 300-0700
Added: May 8 Checked: Jul 17 at 9:06 am
MLS# 2557053
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex income property was built in 2015 and features two spacious 3-bedroom, 2-bath units. Each unit has an independent bedroom layout, in-unit laundry, and generous storage. Interiors have been freshly painted, supporting a clean, modern appearance. Off-street parking is available for residents. The structure is raised approximately 7 feet above grade, and separate electric and water meters serve each unit to support efficient property management.
Located in the Milneburg/Gentilly area of New Orleans, the property offers convenience to the lakefront corridor, UNO, and major commuter routes. The raised construction and upkeep-friendly design elements are intended to help support long-term maintenance considerations.
The layout is suited for renters seeking larger floor plans, with two distinct 3-bedroom options in a single, maintained asset. With separate meters and in-unit laundry for both sides, the configuration can reduce shared utility friction and support day-to-day operational ease. When fully occupied, updated gross monthly rents are reported as $3,500.
Located in the Milneburg/Gentilly area of New Orleans, the property offers convenience to the lakefront corridor, UNO, and major commuter routes. The raised construction and upkeep-friendly design elements are intended to help support long-term maintenance considerations.
The layout is suited for renters seeking larger floor plans, with two distinct 3-bedroom options in a single, maintained asset. With separate meters and in-unit laundry for both sides, the configuration can reduce shared utility friction and support day-to-day operational ease. When fully occupied, updated gross monthly rents are reported as $3,500.
Key Highlights
- Well‑maintained 2015‑built contemporary duplex with 2 units, each featuring 3 bedrooms and 2 bathrooms
- In‑unit laundry, generous storage, and independent bedroom layouts in both units
- Separate electric and water meters for each unit
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 | $42.0k | $16.20 |
| − Vacancy | −$3.6k | −$1.40 |
| EGI | $38.4k | $14.80 |
| − OpEx | −$11.5k | −$4.44 |
| NOI | $26.9k | $10.36 |
2,595 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$384.1K
$336.1K – $448.1K
NOI $26,885 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$333.6K
$291.9K – $389.2K
NOI $23,353 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$679.0K
$594.2K – $792.2K
NOI $47,532 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Built in 2015, this maintained duplex offers two 3-bedroom units, in-unit laundry, storage, and separate utilities.
Where is this duplex located?
The property is located at 2472-74 VIENNA Street New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Well‑maintained 2015‑built contemporary duplex with 2 units, each featuring 3 bedrooms and 2 bathrooms; In‑unit laundry, generous storage, and independent bedroom layouts in both units; Separate electric and water meters for each unit
