New Construction Duplex With Covered
2304-06 New Orleans Street New Orleans, LA 70119
2304-06 New Orleans Street, New Orleans, LA, 70119
$449,000
For Sale
$449,000
Income-producing duplex with light-filled open plans, quartz kitchens, and primary suites in each unit.
Property Size2,588 SF
Price / SF$173.49
Days on Market182
Property Features for 2304-06 New Orleans Street
General Information
- Standard status
- Active
- Size
- 2,588 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2023
Listing agency
Christian Shane Properties
(504) 252-0455
Listed by
Christian Galvin · License #995718884
(504) 252-0455
Source
Compass
Added: Jan 22 Updated: Jul 22 at 9:36AM Checked: Jul 22 at 9:36AM
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 Christian Shane Properties
Investment Insights
Based on property information with market context.
This newly constructed income-producing duplex features light-filled open floor plans in both units, with kitchen appliances included. Interiors are appointed with quartz countertops and stainless steel appliances, along with wood flooring throughout. Each unit offers a primary suite with deep soaking tub, walk-in shower, and spacious closet storage. Additional details include spray foam insulation, video cameras, and wiring for surround sound, plus covered front porches/balconies for outdoor comfort.
The property is located at 2304-06 New Orleans Street in New Orleans, Louisiana, within a central, amenity-accessible area.
The duplex configuration supports two separate residential units within one building, each designed with coordinated finishes and a similar primary suite layout.
The property is located at 2304-06 New Orleans Street in New Orleans, Louisiana, within a central, amenity-accessible area.
The duplex configuration supports two separate residential units within one building, each designed with coordinated finishes and a similar primary suite layout.
Key Highlights
- New construction 2‑story duplex built in 2023
- Income‑producing duplex with 6 bedrooms and 6 full bathrooms total
- Each unit features a primary suite with deep soaking tub, walk‑in shower, and spacious closets
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 | $51.2k | $19.80 |
| − Vacancy | −$4.4k | −$1.71 |
| EGI | $46.8k | $18.09 |
| − OpEx | −$14.0k | −$5.43 |
| NOI | $32.8k | $12.66 |
2,588 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.2K
$409.6K – $546.2K
NOI $32,771 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$430.3K
$376.5K – $502.0K
NOI $30,121 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$677.2K
$592.6K – $790.1K
NOI $47,404 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Income-producing duplex with light-filled open plans, quartz kitchens, and primary suites in each unit.
Where is this duplex located?
The property is located at 2304-06 New Orleans Street New Orleans, LA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: New construction 2‑story duplex built in 2023; Income‑producing duplex with 6 bedrooms and 6 full bathrooms total; Each unit features a primary suite with deep soaking tub, walk‑in shower, and spacious closets
