Side-by-Side
2200 Annette Street, New Orleans, LA 70119
For Sale
New
$229,000
Commercial Sale, 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
Zoning
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Listing Agency:
1 Percent Lists
(985) 807-0001
Listed By:
Misty H. Lopez · License #995681492
(985) 789-1035
Added: Nov 5
Changed: Nov 7
Last Checked: Nov 7 at 9:06PM
MLS# 200QBT
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 side-by-side duplex contains two units across 1,542 square feet. Each residence has tile flooring, ceiling fans, an open living area, and a kitchen with wood cabinetry, counter space, and a gas range. A raised front porch with brick steps and iron railings faces mature landscaping, while the rear includes a paved area and fenced yard. Heating is provided by space heaters and wall furnaces; cooling is available through ceiling fans and window units.
The property is in Flood Zone X and is served by public water and public sewer. It is zoned HU-RD2 and was built in 1960.
The property is in Flood Zone X and is served by public water and public sewer. It is zoned HU-RD2 and was built in 1960.
Key Highlights
- Two side‑by‑side units totaling 1,542 square feet
- Each unit features tile floors, ceiling fans, an open living area, and a kitchen with a gas range
- Raised porch with brick steps and wrought iron railings
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 - Two separate residences include individual kitchens and access to a shared fenced yard with 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 side‑by‑side units totaling 1,542 square feet; Each unit features tile floors, ceiling fans, an open living area, and a kitchen with a gas range; Raised porch with brick steps and wrought iron railings
