All-Stucco Duplex with Bonus
For Sale
$449,000
206 S Solomon St, New Orleans, LA 70119
Two independent residences and additional bonus space create flexible options for occupancy, rental income, or multigenerational living.
Property Size2,620 SF
Price / SF$171.37
Days on Market51
Property Features for 206 S Solomon St
General Information
Standard status
Active
Size
2,620 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Construction
stucco
Listing Agency:
Keller Williams Realty New Orleans
Listed By:
Chris Smith · License #000009641
(504) 231-2004
Source:
Fiorellaavenue
Added: Aug 18
Changed: Sep 24
Last Checked: Oct 5 at 10:03PM
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 Keller Williams Realty New Orleans
Investment Insights
Based on property information with market context.
This all-stucco duplex includes two separate residences with distinct layouts. The upper unit provides approximately 1,519 square feet with three independent bedrooms, two full bathrooms, and an open living arrangement. The lower unit contains approximately 1,100 square feet, including oversized living and dining areas, an updated kitchen, and a private primary suite. A separate approximately 560-square-foot bonus area, excluded from the stated living area, adds an attached half bath and can accommodate a workshop, gym, studio, or other creative use.
The property is positioned one block from Canal Street and one block from Carrollton Avenue, with the N. Carrollton Avenue commercial corridor nearby. Restaurants, cafés, shops, and daily conveniences are located within the surrounding area. The configuration supports owner occupancy with rental income, multigenerational living, or use as a two-unit residential income property.
The property is positioned one block from Canal Street and one block from Carrollton Avenue, with the N. Carrollton Avenue commercial corridor nearby. Restaurants, cafés, shops, and daily conveniences are located within the surrounding area. The configuration supports owner occupancy with rental income, multigenerational living, or use as a two-unit residential income property.
Key Highlights
- All‑stucco duplex with two independent residential units
- Upper unit offers approximately 1,519 square feet, 3 bedrooms, and 2 full baths
- Lower unit includes approximately 1,100 square feet and an updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,176
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,520
$663.5K
Cap Rate 7%
$473,943
$473.9K
Cap Rate 9%
$368,622
$368.6K
Market Conditions
NOI Build-Up for 2,620 SF
Gross rent
$51.9K $19.80/SF
− Vacancy
−$4.5K −$1.71/SF
EGI
$47.4K $18.09/SF
− OpEx
−$14.2K −$5.43/SF
NOI
$33.2K $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 Rate 5%
$663,520
Cap Rate 7%
$473,943
Cap Rate 9%
$368,622
Alternative Uses
Best Use
Multifamily LT 5
$473.9K
$414.7K – $552.9K
NOI $33,176 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$435.6K
$381.2K – $508.2K
NOI $30,494 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$685.6K
$599.9K – $799.8K
NOI $47,990 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,967
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences and additional bonus space create flexible options for occupancy, rental income, or multigenerational living.
Where is this duplex located?
The property is located at 206 S Solomon St New Orleans, LA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: All‑stucco duplex with two independent residential units; Upper unit offers approximately 1,519 square feet, 3 bedrooms, and 2 full baths; Lower unit includes approximately 1,100 square feet and an updated kitchen
