New Construction Income-Producing
2304 NEW ORLEANS Street New Orleans, LA 70119
For Sale
$449,000
MULTI_FAMILY - New Orleans, LA
Property Size2,588 SF
Price / SF$173.49
Days on Market175
Property Features for 2304 NEW ORLEANS Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Balcony, Porch
Standard status
Active
APN
2304-NEWORLEANSST
Size
2,588 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Christian Shane Properties
(504) 208-5688
Listed By:
Christian Galvin · License #995718884
(504) 208-5688
Added: Feb 4
Changed: Apr 27
Last Checked: Jul 29 at 5:06AM
MLS# 2541635
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This new construction duplex features impeccable finishes and light-filled open floor plans. The kitchens include quartz counters and stainless steel appliances. Each of the two units contains primary suites with deep soaking tubs, walk-in showers, and spacious closets. The property features wood floors, spray foam insulation, video cameras, and surround sound wiring. Located in a central location with access to local amenities, this income-producing duplex offers covered front porches and balconies. The property size is 2588 square feet and the lot size is 0 acres.
Key Highlights
- Income‑producing duplex, great for investors or owner‑occupants.
- New construction with impeccable finishes throughout.
- Primary suites feature deep soaking tubs and walk‑in showers.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - New Orleans duplex with modern finishes and income potential.
Where is this duplex located?
The property is located at 2304 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: Income‑producing duplex, great for investors or owner‑occupants.; New construction with impeccable finishes throughout.; Primary suites feature deep soaking tubs and walk‑in showers.
