2119 MARTIN LUTHER KING JR Boulevard, New Orleans, LA 70113
- Added:
- Mar 25, 2026
- Days on Market:
- 105
- Last Refresh:
- Jul 7 at 6:06 pm
Property Features for 2119 MARTIN LUTHER KING JR Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Security features
- Security
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Porch, Security Cameras
- Standard status
- Active
- APN
- 101108910
- Size
- 2,667 SF
Taxes and HOA fees
- Tax Description
- 1. SQ 315 LOT 4 MARTIN L. KING BLVD 2. 32/32.7X99.9/94.4 3. 2119-21 MARTIN L KING BLVD
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Contemporary
Listing agent Jessica Bordelon License #995699315 (504) 799-1702
Listing office Berkshire Hathaway HomeServices Preferred, REALTOR 4018 Magazine St., New Orleans, LA (504) 799-1702
Listing date Mar 25, 2026
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.
HighLights
- 2023 new‑construction duplex with a contemporary architectural style
- Two identical units featuring 3 bedrooms and 2 bathrooms per side
- Central heating and central air in the duplex
- Off‑street parking with a driveway; porch and balcony on the exterior
- In‑unit laundry hookups and public water supply
- Roof type: shingle; includes security cameras
Overview
Local 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 | $52.8k | $19.80 |
| − Vacancy | −$4.6k | −$1.71 |
| EGI | $48.2k | $18.09 |
| − OpEx | −$14.5k | −$5.43 |
| NOI | $33.8k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.080975
- Latitude
- 29.942542
