New Orleans Duplex For
622 S PIERCE Street New Orleans, LA 70119
622 S PIERCE Street, New Orleans, LA, 70119
$469,000
For Sale
$469,000
MULTI_FAMILY - New Orleans, LA
Property Size2,430 SF
Price / SF$193
Days on Market162
Property Features for 622 S PIERCE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 105303715
- Size
- 2,430 SF
Taxes and HOA fees
- Tax Description
- SQ 750 LOT 24 S PIERCE 24' 7" X 123' 11"
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing Agency
Christian Shane Properties
(504) 208-5688
2125 Saint Charles Ave, New Orleans, LA
Listed by
Christian Galvin · License #995718884
(504) 208-5688
Added: Feb 5 Checked: Jul 17 at 9:06 pm
MLS# 2541836
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 newly constructed duplex is located in Mid City New Orleans. Each unit features 3 bedrooms and 3 full bathrooms. The units have open concept layouts, luxury vinyl plank flooring, quartz countertops, and stainless steel appliances. In-unit washer and dryer hookups are included. The property is located five blocks from the Canal Streetcar line, providing access to City Park, the Fairgrounds, Lafitte Greenway, and downtown dining and entertainment. The property is situated in an X Flood Zone and has a size of 2430 square feet.
Key Highlights
- Newly constructed duplex in vibrant Mid City New Orleans.
- Each unit features 3 bedrooms and 3 full bathrooms.
- High‑end finishes including luxury vinyl plank flooring, quartz countertops, and stainless steel 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 | $48.1k | $19.80 |
| − Vacancy | −$4.2k | −$1.71 |
| EGI | $44.0k | $18.09 |
| − OpEx | −$13.2k | −$5.43 |
| NOI | $30.8k | $12.66 |
2,430 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$439.6K
$384.6K – $512.8K
NOI $30,770 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$404.0K
$353.5K – $471.4K
NOI $28,282 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$635.9K
$556.4K – $741.8K
NOI $44,510 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - New construction duplex in Mid City, New Orleans.
Where is this duplex located?
The property is located at 622 S PIERCE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Newly constructed duplex in vibrant Mid City New Orleans.; Each unit features **3 bedrooms and 3 full bathrooms**.; **High‑end finishes** including luxury vinyl plank flooring, quartz countertops, and stainless steel appliances.
