Income-Producing Duplex Near
2472 VIENNA Street, New Orleans, LA 70122
MULTI_FAMILY - New Orleans, LA
Property size:
2,595 SFLot size:
0.16 AcresPrice / SF:
$134/SF- Added:
- May 8, 2026
- Days on Market:
- 26
- Last Refresh:
- Jun 2 at 5:06 am
Property Features for 2472 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 agent Celeste Marshall License #995686000 (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date May 8, 2026
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.
HighLights
- Income‑producing duplex with strong rental potential ($3,500 gross monthly rents when fully occupied).
- Two spacious 3 bedroom, 2 bath units with independent bedroom layouts and in‑unit laundry.
- Low‑maintenance ownership due to 2015 construction and raised foundation (approx. 7 feet above grade).
- Separate electric and water meters for efficient property management.
- Off‑street parking and generous storage space.
- Convenient location near the lakefront corridor, UNO, and major commuter routes.
Overview
This well-maintained income-producing duplex is located in the Milneburg/Gentilly area. Constructed in 2015, this contemporary double features two spacious units, each with 3 bedrooms and 2 baths. The units have independent bedroom layouts, in-unit laundry, generous storage, and off-street parking. Freshly painted interiors provide a clean, modern feel throughout. The raised construction sits approximately 7 feet above grade. Separate electric and water meters provide added efficiency for property management. The property has a lot size of 0.1573 acres and a property size of 2595 square feet. It is conveniently located near the lakefront corridor, UNO, and major commuter routes. The property offers strong rental potential and low-maintenance ownership. When fully occupied updated gross monthly rents would be $3,500.
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 Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.054138
- Latitude
- 30.020089
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex with strong rental potential in Milneburg/Gentilly area.
Where is this duplex located?
The property is located at 2472 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: Income‑producing duplex with **strong rental potential ($3,500 gross monthly rents when fully occupied)**.; Two spacious **3 bedroom, 2 bath units with independent bedroom layouts and in‑unit laundry**.; Low‑maintenance ownership due to 2015 construction and raised foundation (approx. 7 feet above grade).
