Stucco Duplex with Bonus
For Sale
$449,000
Pending
206 S SOLOMON Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size2,620 SF
Days on Market92
Property Features for 206 S SOLOMON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4
Parking
3
Parking features
Driveway
Patio and Porch features
Porch
Directions
2 blocks riverside of Canal St, 1 block uptown side of N Carrollton Ave
Standard status
Pending
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
Legal Description
SQ 782 LOT 29 SO SOLOMON 43 7X110 206-206 1/2 SO SOLOMON
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Number of units
2
Building materials
Frame, Stucco
Architectural style
Other
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Chris M Smith · License #000009641
(504) 231-2004
Added: Jul 24
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2569309
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This frame-and-stucco duplex, built in 1950, has an upper residence with three bedrooms, two full bathrooms and approximately 1,519 square feet. The lower residence offers approximately 1,100 square feet, including living and dining areas, an updated kitchen and a primary suite. Separate bonus space adds approximately 560 square feet and an attached half bath; it is not included in the living area. Central heating and air conditioning serve the property, with a driveway and porch among its exterior features.
The property is one block from Canal Street and one block from Carrollton Avenue, with the North Carrollton Avenue commercial corridor nearby. Public water and sewer service the property, and natural gas is available.
The property is one block from Canal Street and one block from Carrollton Avenue, with the North Carrollton Avenue commercial corridor nearby. Public water and sewer service the property, and natural gas is available.
Key Highlights
- Upper residence: approximately 1,519 square feet, three bedrooms and two full bathrooms
- Lower residence: approximately 1,100 square feet with updated kitchen and primary suite
- Additional approximately 560 square feet, not included in living area, with attached half bath
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences are complemented by additional space with a half bath for flexible use.
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 $449,000.
What are key features of this property?
This property features: Upper residence: approximately 1,519 square feet, three bedrooms and two full bathrooms; Lower residence: approximately 1,100 square feet with updated kitchen and primary suite; Additional approximately 560 square feet, not included in living area, with attached half bath
