Corner Lot Double with
2200-02 Annette Street New Orleans, LA 70119
2200-02 Annette Street, New Orleans, LA, 70119
$235,000
For Sale
$235,000
Double unit on a corner lot with a left-side carport and flexible second unit configuration.
Property Size1,542 SF
Price / SF$152.40
Days on Market104
Property Features for 2200-02 Annette Street
General Information
- Standard status
- Active
- Size
- 1,542 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1950
Listing agency
Compass
(504) 481-3926
Listed by
Hilda Venson-Markey · License #000004419
(504) 481-3926
Source
Compass
Added: Apr 11 Updated: Jul 22 at 3:57PM Checked: Jul 22 at 3:57PM
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 Compass
Investment Insights
Based on property information with market context.
This corner lot double features two separate units. One side is configured as a 1-bedroom, 1-bath layout. The other side offers flexible space that can function as a 2-bedroom or as a studio/office, along with a 1-bath arrangement. The property also includes a carport on the left side and a cozy rear yard.
The home is in the heart of the city and is described as being just minutes from the interstate, shopping, and local dining.
As presented, the property is currently an income producing asset, generating $2,398 per month.
The home is in the heart of the city and is described as being just minutes from the interstate, shopping, and local dining.
As presented, the property is currently an income producing asset, generating $2,398 per month.
Key Highlights
- 1‑story double unit on a corner lot with a left‑side carport and rear yard
- 3 bedrooms total with 2 full bathrooms; inside laundry
- Left unit includes a 1‑bedroom, 1‑bath layout
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 | $30.5k | $19.80 |
| − Vacancy | −$2.6k | −$1.71 |
| EGI | $27.9k | $18.09 |
| − OpEx | −$8.4k | −$5.43 |
| NOI | $19.5k | $12.66 |
1,542 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.9K
$244.1K – $325.4K
NOI $19,526 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$256.4K
$224.3K – $299.1K
NOI $17,947 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$403.5K
$353.1K – $470.8K
NOI $28,245 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Double unit on a corner lot with a left-side carport and flexible second unit configuration.
Where is this duplex located?
The property is located at 2200-02 Annette Street New Orleans, LA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1‑story double unit on a corner lot with a left‑side carport and rear yard; 3 bedrooms total with 2 full bathrooms; inside laundry; Left unit includes a 1‑bedroom, 1‑bath layout
