Lakeview Duplex Near
228-30 22nd Street New Orleans, LA 70124
228-30 22nd Street, New Orleans, LA, 70124
$450,000
For Sale
$450,000
Income-producing duplex in prime location near restaurants and City Park.
Property Size2,370 SF
Price / SF$189.87
Days on Market91
Property Features for 228-30 22nd Street
General Information
- Standard status
- Active
- Size
- 2,370 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1970
Listing Agency
RE/MAX Affiliates
(504) 421-0197
Listed by
Shannon Nash · License #995704640
(504) 421-0197
Source
Compass
Added: Apr 18 Checked: Jul 17 at 3:29 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 RE/MAX Affiliates
Investment Insights
Based on property information with market context.
Located in Lakeview, this duplex property offers income-producing rental opportunities. Unit 228 features 3 bedrooms and 2 bathrooms, hardwood floors in the main living area, stainless steel appliances in the eat-in kitchen, and off-street parking for 2 vehicles. Unit 230 includes 2 bedrooms and 1 bathroom, ceiling fans, and closets. The property is conveniently located near restaurants, shops, and provides easy access to the interstate and City Park. The property size is 2370 square feet.
Key Highlights
- Income‑producing rental property in a prime Lakeview location
- Two units: one with 3 bedrooms/2 baths, the other with 2 bedrooms/1 bath
- Unit 228 features hardwood floors, stainless steel appliances, and an eat‑in kitchen
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 | $46.9k | $19.80 |
| − Vacancy | −$4.1k | −$1.71 |
| EGI | $42.9k | $18.09 |
| − OpEx | −$12.9k | −$5.43 |
| NOI | $30.0k | $12.66 |
2,370 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$428.7K
$375.1K – $500.2K
NOI $30,010 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$394.1K
$344.8K – $459.7K
NOI $27,584 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$602.4K
$527.1K – $702.8K
NOI $42,166 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Income-producing duplex in prime location near restaurants and City Park.
Where is this duplex located?
The property is located at 228-30 22nd Street New Orleans, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Income‑producing rental property in a prime Lakeview location; Two units: one with 3 bedrooms/2 baths, the other with 2 bedrooms/1 bath; Unit 228 features hardwood floors, stainless steel appliances, and an eat‑in kitchen
