Duplex With Separate
For Sale
$259,000
1740 ABUNDANCE Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size1,952 SF
Price / SF$132.68
Days on Market40
Property Features for 1740 ABUNDANCE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Standard status
Active
APN
37W314420
Size
1,952 SF
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Description
SQ 1784 LOT 4 ABUNDANCE ST AND GEORGE N CONNER DR 39X120 1740 ABUNDANCE ST 2940 GEORGE N CONNOR DR
Legal Description
SQ 1784 LOT 4 ABUNDANCE ST AND GEORGE N CONNER DR 39X120 1740 ABUNDANCE ST 2940 GEORGE N CONNOR DR
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
high ceilings
central air and heat
Building Details
Year built
1952
Number of units
2
Building materials
Stucco, Vinyl Siding
Architectural style
Other
Listing Agency:
Berkshire Hathaway HS - Garden District/Uptown · Berkshire Hathaway HomeServices
(504) 799-1702
Listed By:
Seecharran Santoke · License #995695368
(504) 623-5831
Added: Sep 14
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2577123
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This New Orleans duplex contains two separate residences, each arranged with two bedrooms and two full bathrooms. Together, the units provide 1,952 square feet of living space. Interior features include high ceilings, central air conditioning and heat, and updated kitchens and bathrooms. The building dates to 1952 and has stucco and vinyl siding.
The property occupies a corner at Abundance Street and George Nick Conner Drive, with addresses at 1740 Abundance Street and 2940 George Nick Conner Drive. It is tenant occupied and offers access to the Fair Grounds, shopping, and dining.
The property occupies a corner at Abundance Street and George Nick Conner Drive, with addresses at 1740 Abundance Street and 2940 George Nick Conner Drive. It is tenant occupied and offers access to the Fair Grounds, shopping, and dining.
Key Highlights
- Two residences, each with 2 bedrooms and 2 full bathrooms
- 1,952 square feet of combined living space
- Separate utility meters for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,719
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,380
$454.4K
Cap Rate 7%
$324,557
$324.6K
Cap Rate 9%
$252,433
$252.4K
Market Conditions
NOI Build-Up for 1,952 SF
Gross rent
$45.4K $23.28/SF
− Vacancy
−$4.1K −$2.12/SF
EGI
$41.3K $21.16/SF
− OpEx
−$18.6K −$9.52/SF
NOI
$22.7K $11.64/SF
Area
ZIP 70119
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,380
Cap Rate 7%
$324,557
Cap Rate 9%
$252,433
Alternative Uses
Best Use
Multifamily LT 5
$353.1K
$309.0K – $412.0K
NOI $24,717 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$324.6K
$284.0K – $378.7K
NOI $22,719 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$510.8K
$446.9K – $595.9K
NOI $35,754 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied property with updated kitchens and bathrooms, central air and heat, and independent utility meters.
Where is this duplex located?
The property is located at 1740 ABUNDANCE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 full bathrooms; 1,952 square feet of combined living space; Separate utility meters for the units
