All-Stucco Duplex with Flex
206 S SOLOMON Street New Orleans, LA 70119
New
For Sale
$495,000
MULTI_FAMILY - New Orleans, LA
Property Size2,620 SF
Price / SF$188.93
Days on Market4
Property Features for 206 S SOLOMON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Courtyard, Fence, Porch, Window Screens
- Fencing
- Fenced
- Standard status
- Active
- APN
- 206SSolomonST
- Size
- 2,620 SF
Taxes and HOA fees
- Tax Description
- SQ 782 LOT 29 SO SOLOMON 43 7X110 206-206 1/2 SO SOLOMON
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Chris Smith · License #0638748
(504) 862-0100
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 27 at 5:06AM
MLS# 2569309
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This all-stucco duplex offers a versatile setup with two separate living units and an additional attached space with a half bath. The upper unit includes approximately 1,519 square feet with three independent bedrooms, two full baths, and a bright, open floor plan. The lower unit features approximately 1,100 square feet with oversized living and dining areas and a beautifully updated kitchen, along with a private primary suite. An additional approximately 560 square feet, not included in the living area, is attached and designed for flexible use.
The property is located in New Orleans near Canal Street and Carrollton Avenue, and within steps of the N. Carrollton Avenue commercial corridor.
The property is located in New Orleans near Canal Street and Carrollton Avenue, and within steps of the N. Carrollton Avenue commercial corridor.
Key Highlights
- All‑stucco duplex built in 1950 with central heating and central air conditioning
- Upper unit offers approx. 1,519 SF with 3 separate bedrooms and 2 full baths
- Lower unit offers approx. 1,100 SF with oversized living/dining areas and a private primary suite
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.9k | $19.80 |
| − Vacancy | −$4.5k | −$1.71 |
| EGI | $47.4k | $18.09 |
| − OpEx | −$14.2k | −$5.43 |
| NOI | $33.2k | $12.66 |
2,620 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$473.9K
$414.7K – $552.9K
NOI $33,176 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$435.6K
$381.2K – $508.2K
NOI $30,494 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$685.6K
$599.9K – $799.8K
NOI $47,990 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - All-stucco duplex with two units plus an additional attached space with a half bath.
Where is this duplex located?
The property is located at 206 S SOLOMON Street New Orleans, LA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: All‑stucco duplex built in 1950 with central heating and central air conditioning; Upper unit offers approx. 1,519 SF with 3 separate bedrooms and 2 full baths; Lower unit offers approx. 1,100 SF with oversized living/dining areas and a private primary suite
