New Construction Duplex with
For Sale
$519,000
1140 42 Touro St, New Orleans, LA 70116
Corner-lot property with two residences, open-plan interiors, and gated off-street parking.
Property Size2,851 SF
Price / SF$182.04
Days on Market92
Property Features for 1140 42 Touro St
General Information
Standard status
Active
Size
2,851 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Keller Williams Realty New Orleans
Listed By:
Chris Smith · License #000009641
(504) 231-2004
Source:
Dominionplace
Added: Jul 17
Changed: Oct 2
Last Checked: Oct 15 at 4:08AM
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 Keller Williams Realty New Orleans
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex places two thoughtfully arranged residences on a corner lot. Each unit includes three separate bedrooms and two full bathrooms, along with an open layout connecting the living, dining, and kitchen areas. Double-pane windows, modern insulation, contemporary materials, central air, and multiple heating units support the newer construction. Deck, patio, and porch areas add exterior space, while gated off-street parking accommodates two vehicles.
The property is located in Faubourg Marigny, one block from Saint Claude Avenue, two blocks from Elysian Fields Avenue, and four blocks from the French Quarter. Nearby destinations include The Ruby Slipper Cafe, Hotel Peter & Paul, Who Dat Coffee Cafe, AYU Bakehouse, and Robert Fresh Market. The property is in an X Flood Zone and has never flooded.
The property is located in Faubourg Marigny, one block from Saint Claude Avenue, two blocks from Elysian Fields Avenue, and four blocks from the French Quarter. Nearby destinations include The Ruby Slipper Cafe, Hotel Peter & Paul, Who Dat Coffee Cafe, AYU Bakehouse, and Robert Fresh Market. The property is in an X Flood Zone and has never flooded.
Key Highlights
- Two‑unit duplex completed in 2026
- Each unit has 3 bedrooms and 2 full bathrooms
- Corner lot with gated off‑street parking for 2 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,101
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,020
$722.0K
Cap Rate 7%
$515,729
$515.7K
Cap Rate 9%
$401,122
$401.1K
Market Conditions
NOI Build-Up for 2,851 SF
Gross rent
$56.4K $19.80/SF
− Vacancy
−$4.9K −$1.71/SF
EGI
$51.6K $18.09/SF
− OpEx
−$15.5K −$5.43/SF
NOI
$36.1K $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%
$722,020
Cap Rate 7%
$515,729
Cap Rate 9%
$401,122
Alternative Uses
Best Use
Multifamily LT 5
$515.7K
$451.3K – $601.7K
NOI $36,101 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$474.0K
$414.8K – $553.0K
NOI $33,182 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$724.6K
$634.1K – $845.4K
NOI $50,724 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,255
Businesses Nearby
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Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot property with two residences, open-plan interiors, and gated off-street parking.
Where is this duplex located?
The property is located at 1140 42 Touro St New Orleans, LA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; Each unit has 3 bedrooms and 2 full bathrooms; Corner lot with gated off‑street parking for 2 vehicles
