Renovated Duplex with Income
2223-25 Humanity Street New Orleans, LA 70122
2223-25 Humanity Street, New Orleans, LA, 70122
$259,000
For Sale
$259,000
Turnkey duplex near I-610, ideal for investors or owner-occupants.
Property Size1,900 SF
Price / SF$136.32
Days on Market202
Property Features for 2223-25 Humanity Street
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1950
Listing Agency
Compass Uptown
(504) 417-5131
Listed by
Melissa Mcclendon · License #995704113
(504) 417-5131
Source
Compass
Added: Dec 27, 2025 Checked: Jul 17 at 5:44 am
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 Uptown
Investment Insights
Based on property information with market context.
This renovated, split-level duplex presents a modern take on a classic New Orleans double. It features two spacious units, each with 2 bedrooms and 1 full bathroom. The property has been updated with high ceilings, wood-style flooring, modern kitchens and baths, and stylish walk-in showers. It also includes washer/dryer connections, all-new wiring, and a brand-new roof. Located just off I-610, the property offers access to downtown, shopping, dining, and major commuter routes. This duplex is suitable for building a portfolio, offsetting a mortgage, or creating a multi-generational living setup. The property size is 1900 square feet.
Key Highlights
- Turnkey, Newly Renovated Duplex: Ready for immediate occupancy or rental.
- Strong Income Potential: Ideal for investors or owner‑occupants.
- Two Spacious Units: Each unit features 2 bedrooms and 1 full bathroom.
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 | $30.8k | $16.20 |
| − Vacancy | −$2.7k | −$1.40 |
| EGI | $28.1k | $14.80 |
| − OpEx | −$8.4k | −$4.44 |
| NOI | $19.7k | $10.36 |
1,900 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$281.2K
$246.1K – $328.1K
NOI $19,684 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$244.3K
$213.7K – $285.0K
NOI $17,098 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$497.2K
$435.0K – $580.0K
NOI $34,802 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Turnkey duplex near I-610, ideal for investors or owner-occupants.
Where is this duplex located?
The property is located at 2223-25 Humanity Street New Orleans, LA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Turnkey, Newly Renovated Duplex: Ready for immediate occupancy or rental.; Strong Income Potential: Ideal for investors or owner‑occupants.; Two Spacious Units: Each unit features 2 bedrooms and 1 full bathroom.
