405 N TONTI Street New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
Property Features for 405 N TONTI Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- APN
- 206203213
- Size
- 1,742 SF
Taxes and HOA fees
- Tax Description
- As Per Title
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
Listing agent Joey Walker License #995699523 (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date Jul 13, 2026
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.
The duplex is located in Mid-City, about one block from the Lafitte Greenway, approximately three blocks from Canal Street and the LSU/VA Medical Center, and within walking distance of neighborhood favorites including Flower Moon Bagels and Whole Foods.
As a residential income property, it’s configured as a duplex with two individual units, supporting either rental income from both sides or owner-occupancy with rental income from the second unit.
Key Highlights
- Duplex built in 2000 with central heating and central air
- Each unit offers 1 bed/1 bath with an open floor plan and 9' ceilings
- Kitchens include granite countertops and stainless appliances
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 | $34.5k | $19.80 |
| − Vacancy | −$3.0k | −$1.71 |
| EGI | $31.5k | $18.09 |
| − OpEx | −$9.5k | −$5.43 |
| NOI | $22.1k | $12.66 |
