New Construction Two-Unit
For Sale
$449,900
2024 26 Mandeville St, New Orleans, LA 70117
Two light-filled residences feature modern finishes, private outdoor space, and off-street parking near New Orleans destinations.
Property Size2,161 SF
Price / SF$208.19
Days on Market91
Property Features for 2024 26 Mandeville St
General Information
Standard status
Active
Size
2,161 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
front porch
backyard
pergola
outdoor entertaining space
electric fireplaces
walk-in closets
contemporary kitchens
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Snap Realty
Listed By:
Kara Breithaupt · License #995694143
(504) 444-6400
Source:
Fiorellaavenue
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 19 at 10:22AM
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 Snap Realty
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Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residences, each with two bedrooms and two bathrooms. The units feature efficient layouts, contemporary kitchens with quartz countertops and custom cabinetry, finished flooring, walk-in closets, electric fireplaces, and updated interior finishes. Each side also includes a front porch and access to a private, low-maintenance backyard with a pergola and outdoor entertaining area.
The property includes off-street parking and is located near the Marigny, the French Quarter, and St Roch Market, with restaurants, bars, coffee shops, and other local businesses nearby. Both residences can be purchased furnished. The two-unit configuration supports occupying one residence while receiving income from the other, or acquiring the property as a multifamily investment.
The property includes off-street parking and is located near the Marigny, the French Quarter, and St Roch Market, with restaurants, bars, coffee shops, and other local businesses nearby. Both residences can be purchased furnished. The two-unit configuration supports occupying one residence while receiving income from the other, or acquiring the property as a multifamily investment.
Key Highlights
- 2025 construction with two 2‑bedroom, 2‑bathroom residences
- 2,161 property size
- Quartz countertops and custom cabinetry in both kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,364
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,280
$547.3K
Cap Rate 7%
$390,914
$390.9K
Cap Rate 9%
$304,044
$304.0K
Market Conditions
NOI Build-Up for 2,161 SF
Gross rent
$42.8K $19.80/SF
− Vacancy
−$3.7K −$1.71/SF
EGI
$39.1K $18.09/SF
− OpEx
−$11.7K −$5.43/SF
NOI
$27.4K $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%
$547,280
Cap Rate 7%
$390,914
Cap Rate 9%
$304,044
Alternative Uses
Best Use
Multifamily LT 5
$390.9K
$342.1K – $456.1K
NOI $27,364 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$359.3K
$314.4K – $419.2K
NOI $25,152 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$549.3K
$480.6K – $640.8K
NOI $38,448 @ 7.0% cap · market cap 8.55%
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
682
Businesses Nearby
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Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two light-filled residences feature modern finishes, private outdoor space, and off-street parking near New Orleans destinations.
Where is this duplex located?
The property is located at 2024 26 Mandeville St New Orleans, LA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 2025 construction with two 2‑bedroom, 2‑bathroom residences; 2,161 property size; Quartz countertops and custom cabinetry in both kitchens
