Historic Duplex Redevelopment
6060 Annunciation Street New Orleans, LA 70118
For Sale
$550,000
Pending
Turn-of-the-century duplex in an historic district, requiring full renovation and sold as-is.
Property Size1,332 SF
Days on Market128
Property Features for 6060 Annunciation Street
General Information
- Standard status
- Pending
- Size
- 1,332 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing Agency:
Compass Uptown (LATT07)
(504) 909-4607
Listed By:
Marcia Baird · License #995683700
(504) 909-4607
Source:
Compass
Added: Mar 19
Changed: Jul 23
Last Checked: Jul 23 at 2:29PM
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 Compass Uptown (LATT07)
Investment Insights
Based on property information with market context.
This turn-of-the-century duplex offers a classic double layout with two bedrooms on each side and a front porch. The property retains period architectural details including transoms, cornices, high ceilings, baseboards, and gingerbread features that may be suitable for restoration. The offering is sold as-is with no repairs, and full renovation is required.
Located in Uptown’s Historic District within the Golden Rectangle / West Riverside area of Audubon Park, the property is described as being in the X flood zone. The public remarks note proximity to restaurants, shopping, and coffee shops. Zoning is listed as HURD2.
The property presents a redevelopment project for investors, builders, or developers seeking a value-add opportunity, with the public remarks also indicating potential eligibility for historic tax credits and suitability for conversion to a single-family configuration. The property is offered with a clean title and cash is preferred.
Located in Uptown’s Historic District within the Golden Rectangle / West Riverside area of Audubon Park, the property is described as being in the X flood zone. The public remarks note proximity to restaurants, shopping, and coffee shops. Zoning is listed as HURD2.
The property presents a redevelopment project for investors, builders, or developers seeking a value-add opportunity, with the public remarks also indicating potential eligibility for historic tax credits and suitability for conversion to a single-family configuration. The property is offered with a clean title and cash is preferred.
Key Highlights
- Turn‑of‑the‑century duplex built in 1900 in the Uptown Historic District (Golden Rectangle, West Riverside).
- Shotgun‑style layout with 2 bedrooms on each side and a front porch.
- Historic‑era architectural details include transoms, cornices, high ceilings, baseboards, and gingerbread (suitable for restoration).
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 | $26.4k | $19.80 |
| − Vacancy | −$2.3k | −$1.71 |
| EGI | $24.1k | $18.09 |
| − OpEx | −$7.2k | −$5.43 |
| NOI | $16.9k | $12.66 |
1,332 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$240.9K
$210.8K – $281.1K
NOI $16,866 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$221.5K
$193.8K – $258.4K
NOI $15,503 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$338.6K
$296.2K – $395.0K
NOI $23,699 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turn-of-the-century duplex in an historic district, requiring full renovation and sold as-is.
Where is this duplex located?
The property is located at 6060 Annunciation Street New Orleans, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Turn‑of‑the‑century duplex built in 1900 in the Uptown Historic District (Golden Rectangle, West Riverside).; Shotgun‑style layout with 2 bedrooms on each side and a front porch.; Historic‑era architectural details include transoms, cornices, high ceilings, baseboards, and gingerbread (suitable for restoration).
