Raised Duplex with
For Sale
$245,000
2012-14 Annette Street, New Orleans, LA 70116
Two-unit residential property with a shotgun-style layout, central air, and outdoor space.
Property Size1,678 SF
Price / SF$146.01
Days on Market222
Property Features for 2012-14 Annette Street
General Information
Standard status
Active
Size
1,678 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
porch
back yard
Central Air
Central
1
2
4
Asphalt
Pillar/Post/Pier
HardiPlank Type
Porch
Building Details
Year Built
1930
Buildings
1
Construction
double shotgun
Tenancy
Multi
Listing Agency:
NOLA Living Realty
Listed By:
Michele Hensley · License #995698358
(504) 920-6191
Source:
Compass
Added: Mar 13
Changed: Oct 16
Last Checked: Oct 19 at 8:33AM
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 NOLA Living Realty
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Investment Insights
Based on property information with market context.
Built in 1930, this duplex contains 1,678 square feet across two residential units. The property features a shotgun-style walkthrough configuration, central air, wood siding, and a front porch, with a large backyard providing additional outdoor space. The structure is raised and classified in Flood Zone X.
Both units are occupied by existing tenants, and one unit has a recorded lease. Located at 2012-14 Annette Street in New Orleans’ New Marigny, the property combines a two-unit layout with established residential occupancy and period construction details.
Both units are occupied by existing tenants, and one unit has a recorded lease. Located at 2012-14 Annette Street in New Orleans’ New Marigny, the property combines a two-unit layout with established residential occupancy and period construction details.
Key Highlights
- 1,678‑square‑foot duplex with two residential units
- Both units have existing tenants; one unit has a recorded lease
- Raised structure in Flood Zone X
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,248
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,960
$425.0K
Cap Rate 7%
$303,543
$303.5K
Cap Rate 9%
$236,089
$236.1K
Market Conditions
NOI Build-Up for 1,678 SF
Gross rent
$33.2K $19.80/SF
− Vacancy
−$2.9K −$1.71/SF
EGI
$30.4K $18.09/SF
− OpEx
−$9.1K −$5.43/SF
NOI
$21.2K $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%
$424,960
Cap Rate 7%
$303,543
Cap Rate 9%
$236,089
Alternative Uses
Best Use
Multifamily LT 5
$303.5K
$265.6K – $354.1K
NOI $21,248 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$279.0K
$244.1K – $325.5K
NOI $19,530 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$426.5K
$373.2K – $497.6K
NOI $29,854 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a shotgun-style layout, central air, and outdoor space.
Where is this duplex located?
The property is located at 2012-14 Annette Street New Orleans, LA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,678‑square‑foot duplex with two residential units; Both units have existing tenants; one unit has a recorded lease; Raised structure in Flood Zone X
