Corner-Lot Duplex with Skyline
For Sale
$690,000
1030 Teche St, New Orleans, LA 70114
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 Market8
Property Features for 1030 Teche St
General Information
Standard status
Active
Size
3,268 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
large windows
energy-efficient LED ceiling lights
motion-activated LED lighting on the stairs
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Congress Realty, Inc.
Listed By:
Jared English · License #0561973
(888) 881-4118
Source:
Fiorellaavenue
Added: Sep 20
Changed: Sep 26
Last Checked: Sep 26 at 12:14PM
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.
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 = 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
$41,381
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
6.00%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
