New Orleans Multifamily Investment
2600 ANNETTE Street New Orleans, LA 70119
2600 ANNETTE Street, New Orleans, LA, 70119
$279,000
For Sale
$279,000
MULTI_FAMILY - New Orleans, LA
Property Size2,180 SF
Lot Size0.09 Acres
Price / SF$127.98
Days on Market52
Property Features for 2600 ANNETTE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 37W212701
- Size
- 2,180 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- SQ 1503 LOT 1 ANNETTE AND LAW 32 X 120 DBLE 8/RM A/R 2600-02 ANNETTE ST
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1945
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Homesmart Realty South
(504) 908-7653
3131 N I-10 Service Rd, #101, New Orleans, LA
Listed by
Coniece Allen-Brown · License #000069487
(504) 908-5037
Added: May 27 Checked: Jul 17 at 11:06 am
MLS# 2560088
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 multifamily property in New Orleans presents an investment opportunity. The property features two spacious units, each with 3 bedrooms and 2 full bathrooms. This income-producing property is currently tenant occupied and offers strong cash flow potential. Each unit boasts an open and functional layout and generous living space. The property includes an inviting front porch. Situated on a desirable corner lot, this property also includes the convenience of local dining, shopping, and entertainment. The lot size is 0.0882 acres. The property size is 2180 square feet.
Key Highlights
- Income‑producing multifamily property with strong cash flow potential.
- Two spacious units, each with 3 bedrooms and 2 full bathrooms.
- Desirable corner lot in an X flood zone.
Local Financial Insights For Apartment 5plus
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 | $50.8k | $23.28 |
| − Vacancy | −$4.6k | −$2.12 |
| EGI | $46.1k | $21.16 |
| − OpEx | −$20.8k | −$9.52 |
| NOI | $25.4k | $11.64 |
2,180 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.3K
$345.1K – $460.1K
NOI $27,604 @ 7.0% cap · market cap 9.89%
Second Best
Apartment 5plus
$362.5K
$317.2K – $422.9K
NOI $25,373 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$570.4K
$499.1K – $665.5K
NOI $39,931 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multifamily property with two units, ideal for investors/owner-occupants.
Where is this duplex located?
The property is located at 2600 ANNETTE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Income‑producing multifamily property with strong cash flow potential.; Two spacious units, each with 3 bedrooms and 2 full bathrooms.; Desirable corner lot in an X flood zone.
