Two-Unit Residential
2200 Annette Street, New Orleans, LA 70119
For Sale
New
$229,000
Multifamily, New Orleans, LA
Property Size1,542 SF
Lot Size0.06 Acres
Price / SF$148.51
Days on Market3
Property Features for 2200 Annette Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
raised front porch
mature landscaping
fenced yard
off-street parking
ceiling fans
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
1 Percent Lists
(985) 807-0001
Listed By:
Misty H. Lopez · License #995681492
(985) 789-1035
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 7 at 3:06PM
MLS# 200MWG
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.
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Investment Insights
Based on property information with market context.
This 1970 duplex contains two separate residences totaling 1,542 square feet on a 0.06-acre lot. One unit has 2 bedrooms and 1 bathroom across 850 square feet; the other offers 1 bedroom and 1 bathroom in 692 square feet. Interior features include tile flooring and ceiling fans, with wood cabinetry and gas ranges in the kitchens. The exterior includes a raised front porch, fenced yard, and paved area at the rear for off-street parking.
The property is in Flood Zone X and has public water and sewer service. Exterior construction is HardiPlank Type, with a shingle roof. Heating is provided by wall furnaces and space heaters, and cooling includes window units and ceiling fans.
The property is in Flood Zone X and has public water and sewer service. Exterior construction is HardiPlank Type, with a shingle roof. Heating is provided by wall furnaces and space heaters, and cooling includes window units and ceiling fans.
Key Highlights
- Two residences totaling 1,542 square feet on a 0.06‑acre lot
- 850‑square‑foot unit with 2 bedrooms and 1 bathroom
- 692‑square‑foot unit with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,526
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,520
$390.5K
Cap Rate 7%
$278,943
$278.9K
Cap Rate 9%
$216,956
$217.0K
Market Conditions
NOI Build-Up for 1,542 SF
Gross rent
$30.5K $19.80/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$27.9K $18.09/SF
− OpEx
−$8.4K −$5.43/SF
NOI
$19.5K $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%
$390,520
Cap Rate 7%
$278,943
Cap Rate 9%
$216,956
Alternative Uses
Best Use
Multifamily LT 5
$278.9K
$244.1K – $325.4K
NOI $19,526 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$256.4K
$224.3K – $299.1K
NOI $17,947 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$403.5K
$353.1K – $470.8K
NOI $28,245 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
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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
$359,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate kitchens, while a paved rear area provides off-street parking.
Where is this duplex located?
The property is located at 2200 Annette Street New Orleans, LA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two residences totaling 1,542 square feet on a 0.06‑acre lot; 850‑square‑foot unit with 2 bedrooms and 1 bathroom; 692‑square‑foot unit with 1 bedroom and 1 bathroom
