Corner-Lot Duplex with Skyline
1030 Teche St, New Orleans, LA 70114
For Sale
$690,000
Contemporary two-unit property with efficient lighting, four-car off-street parking, and a five-bedroom, three-and-a-half-bathroom layout.
Property Size3,268 SF
Price / SF$211.14
Days on Market56
Property Features for 1030 Teche St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
large windows
energy-efficient LED ceiling lights
motion-activated LED lighting on the stairs
Building Details
Year Built
Buildings
Listing Agency:
Congress Realty, Inc.
Listed By:
Jared English · License LA #0561973
(800) 657-6579
Source:
Fiorellaavenue
Added: Sep 20
Changed: Nov 13
Last Checked: Nov 12 at 10:04AM
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 Congress Realty, Inc.
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Investment Insights
Based on property information with market context.
Built in 2026, this duplex at 1030 Teche St in New Orleans offers 3,268 square feet arranged across 5 bedrooms and 3.5 bathrooms. Large windows bring natural light into the interiors, while city skyline views add an open visual outlook. Energy-efficient LED ceiling fixtures and motion-activated LED stair lighting provide updated illumination throughout the property.
Positioned on a corner lot, the property includes off-street parking for up to 4 vehicles. The combination of two-unit configuration, substantial bedroom and bathroom count, contemporary lighting, and dedicated parking creates a functional residential income property in the 70114 area.
Positioned on a corner lot, the property includes off-street parking for up to 4 vehicles. The combination of two-unit configuration, substantial bedroom and bathroom count, contemporary lighting, and dedicated parking creates a functional residential income property in the 70114 area.
Key Highlights
- 2026‑built duplex with 3,268 square feet
- 5 bedrooms and 3.5 bathrooms
- Corner lot at 1030 Teche St, New Orleans, LA 70114
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,381
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,620
$827.6K
Cap Rate 7%
$591,157
$591.2K
Cap Rate 9%
$459,789
$459.8K
Market Conditions
NOI Build-Up for 3,268 SF
Gross rent
$64.7K $19.80/SF
− Vacancy
−$5.6K −$1.71/SF
EGI
$59.1K $18.09/SF
− OpEx
−$17.7K −$5.43/SF
NOI
$41.4K $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 Rate 5%
$827,620
Cap Rate 7%
$591,157
Cap Rate 9%
$459,789
Alternative Uses
Best Use
Multifamily LT 5
$591.2K
$517.3K – $689.7K
NOI $41,381 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$543.4K
$475.5K – $633.9K
NOI $38,036 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$830.6K
$726.8K – $969.1K
NOI $58,143 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Explore this area
Business Placement
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Contemporary two-unit property with efficient lighting, four-car off-street parking, and a five-bedroom, three-and-a-half-bathroom layout.
Where is this duplex located?
The property is located at 1030 Teche St New Orleans, LA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 2026‑built duplex with 3,268 square feet; 5 bedrooms and 3.5 bathrooms; Corner lot at 1030 Teche St, New Orleans, LA 70114
