Duplex Property with Private
For Sale
$499,000
1024 26 Tricou St, New Orleans, LA 70117
Two-level layout includes a larger residence and a separately rented one-bedroom suite.
Property Size3,029 SF
Price / SF$164.74
Days on Market33
Property Features for 1024 26 Tricou St
General Information
Standard status
Active
Size
3,029 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 4BR/3BA
Multifamily Units
2
Amenities
open floor plans
high ceilings
custom cabinetry
granite countertops
water-resistant luxury vinyl flooring
newer appliances
in-unit washers and dryers
off-street parking
spacious yard
Building Details
Year Built
2022
Listing Agency:
Universal Care Realty
(504) 606-0466
Listed By:
Nicole Flot · License #995705288
Source:
Fiorellaavenue
Added: Jul 29
Changed: Aug 30
Last Checked: Aug 25 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Universal Care Realty
Investment Insights
Based on property information with market context.
Built in 2022, this 3,029-square-foot duplex property is arranged across upper and lower living areas. The upper residence has 3 bedrooms and 2 bathrooms. The lower level was designed with 4 bedrooms, 3 bathrooms, and 2 kitchens; its current arrangement provides a 3-bedroom, 2-bathroom residence along with a separate 1-bedroom, 1-bathroom suite and private entrance.
Interior features include open layouts, high ceilings, custom cabinetry, granite countertops, water-resistant luxury vinyl flooring, newer appliances, and in-unit washers and dryers. The property also includes off-street parking and a spacious yard. Located at 1024 26 Tricou St in New Orleans, the configuration supports three current income streams.
Interior features include open layouts, high ceilings, custom cabinetry, granite countertops, water-resistant luxury vinyl flooring, newer appliances, and in-unit washers and dryers. The property also includes off-street parking and a spacious yard. Located at 1024 26 Tricou St in New Orleans, the configuration supports three current income streams.
Key Highlights
- 3,029 SF duplex property built in 2022
- Upper residence includes 3 bedrooms and 2 bathrooms
- Lower level designed with 4 bedrooms, 3 bathrooms, and 2 kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,355
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,100
$767.1K
Cap Rate 7%
$547,929
$547.9K
Cap Rate 9%
$426,167
$426.2K
Market Conditions
NOI Build-Up for 3,029 SF
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.
Gross rent
$60.0K $19.80/SF
− Vacancy
−$5.2K −$1.71/SF
EGI
$54.8K $18.09/SF
− OpEx
−$16.4K −$5.43/SF
NOI
$38.4K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,100
Cap Rate 7%
$547,929
Cap Rate 9%
$426,167
Alternative Uses
Best Use
Multifamily LT 5
$547.9K
$479.4K – $639.3K
NOI $38,355 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$503.6K
$440.7K – $587.6K
NOI $35,254 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$769.9K
$673.6K – $898.2K
NOI $53,891 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level layout includes a larger residence and a separately rented one-bedroom suite.
Where is this duplex located?
The property is located at 1024 26 Tricou St New Orleans, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,029 SF duplex property built in 2022; Upper residence includes 3 bedrooms and 2 bathrooms; Lower level designed with 4 bedrooms, 3 bathrooms, and 2 kitchens
