Two-Unit Duplex with Private
For Sale
$295,000
1674 76 Abundance St, New Orleans, LA 70119
Duplex with two three-bedroom, two-bath units, wood floors, high ceilings, and separate electrical meters.
Property Size2,073 SF
Price / SF$142.31
Days on Market9
Property Features for 1674 76 Abundance St
General Information
Standard status
Active
Size
2,073 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Furnished
No
Amenities
high ceilings
wood floors
private yards
off-street driveway parking
Building Details
Year Built
1930
Buildings
1
Tenancy
Single
Listing Agency:
Satsuma Property Management
(504) 884-2718
Listed By:
Renae Berthelot · License #995707536
Source:
Dominionplace
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 31 at 6:52PM
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 Satsuma Property Management
Investment Insights
Based on property information with market context.
This 2,073-square-foot duplex, built in 1930, contains two three-bedroom, two-bath residences with a conventional layout rather than shotgun-style interiors. Both units offer high ceilings, wood flooring, private yard areas, and off-street driveway parking. Property-owned appliances convey with the sale.
The building uses one water meter and separate electrical meters for the two residences. It is positioned near Jazz Fest, City Park, and the Interstate, and is located in the X flood zone. The two-unit configuration includes one occupied residence and one vacant residence, creating flexibility for an owner-occupant or investor.
The building uses one water meter and separate electrical meters for the two residences. It is positioned near Jazz Fest, City Park, and the Interstate, and is located in the X flood zone. The two-unit configuration includes one occupied residence and one vacant residence, creating flexibility for an owner-occupant or investor.
Key Highlights
- Two 3‑bedroom, 2‑bath units
- 2,073 SF duplex built in 1930
- High ceilings and wood floors in both units
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
$26,249
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
8.90%
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%
$524,980
$525.0K
Cap Rate 7%
$374,986
$375.0K
Cap Rate 9%
$291,656
$291.7K
Market Conditions
NOI Build-Up for 2,073 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
$41.0K $19.80/SF
− Vacancy
−$3.5K −$1.71/SF
EGI
$37.5K $18.09/SF
− OpEx
−$11.2K −$5.43/SF
NOI
$26.2K $12.66/SF
Area
ZIP 70119
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%
$524,980
Cap Rate 7%
$374,986
Cap Rate 9%
$291,656
Alternative Uses
Best Use
Multifamily LT 5
$375.0K
$328.1K – $437.5K
NOI $26,249 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$344.7K
$301.6K – $402.1K
NOI $24,127 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$542.4K
$474.6K – $632.9K
NOI $37,971 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
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 - Duplex with two three-bedroom, two-bath units, wood floors, high ceilings, and separate electrical meters.
Where is this duplex located?
The property is located at 1674 76 Abundance St New Orleans, LA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units; 2,073 SF duplex built in 1930; High ceilings and wood floors in both units
