New Construction Duplex in
3107 TOULOUSE Street, New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
Property size:
2,522 SFLot size:
0.07 AcresPrice / SF:
$229/SF- Added:
- May 1, 2026
- Days on Market:
- 33
- Last Refresh:
- Jun 2 at 9:06 am
Property Features for 3107 TOULOUSE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- APN
- 207202913
- Size
- 2,522 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Description
- SQ 417 LOT 15 TOULOUSE 29X100
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Christian Galvin License #995702954 (504) 208-5688
Listing office Christian Shane Properties 2125 Saint Charles Ave, New Orleans, LA (504) 208-5688
Listing date May 1, 2026
MLS# 2556121
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
- New construction duplex in prime Mid‑City location, steps from Bayou St. John, Lafitte Greenway, and Canal streetcar.
- Each unit features an open floor plan with three en suite bathrooms and quartz countertops.
- Full kitchen appliance package included.
- Front and rear porches plus private balconies with select downtown skyline views.
- Fortified roof, surround sound, and camera systems for enhanced security.
- New home warranties included, offering a turnkey property suitable for owner‑occupancy or investment.
Overview
This new construction duplex is located in Mid-City, New Orleans. The property is near Bayou St. John, the Lafitte Greenway, and the Canal streetcar line, providing access to neighborhood dining and attractions. Each unit features an open floor plan with three en suite bathrooms, quartz countertops, stylish lighting, and a full kitchen appliance package. Outdoor spaces include front and rear porches plus private balconies, with select views toward the downtown skyline. Additional features include a fortified roof, surround sound, and camera systems. The property includes new home warranties. The property, with a size of 2522 square feet and a lot size of 0.0666 acres, can be utilized as an owner occupant or as an investment opportunity.
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 | $49.9k | $19.80 |
| − Vacancy | −$4.3k | −$1.71 |
| EGI | $45.6k | $18.09 |
| − OpEx | −$13.7k | −$5.43 |
| NOI | $31.9k | $12.66 |
2,522 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.2K
$399.2K – $532.3K
NOI $31,935 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$419.3K
$366.9K – $489.2K
NOI $29,353 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$659.9K
$577.4K – $769.9K
NOI $46,195 @ 7.0% cap · market cap 7.96%
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
- -90.087967
- Latitude
- 29.972414
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - New construction duplex near Bayou St. John and Lafitte Greenway.
Where is this duplex located?
The property is located at 3107 TOULOUSE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: New construction duplex in prime Mid‑City location, steps from Bayou St. John, Lafitte Greenway, and Canal streetcar.; Each unit features an open floor plan with **three en suite bathrooms and quartz countertops.**; Full kitchen appliance package included.
