New Construction
For Sale
$449,000
2304 NEW ORLEANS Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size2,588 SF
Price / SF$173.49
Days on Market40
Property Features for 2304 NEW ORLEANS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 4, Bedroom 6
Parking features
Driveway
Patio and Porch features
Porch
Subdivision
Inner City 7th
Standard status
Active
APN
2304-NEWORLEANSST
Size
2,588 SF
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered front porches
balconies
quartz counters
stainless steel appliances
deep soaking tubs
walk-in showers
spacious closets
wood floors
spray foam insulation
video cameras
wired for surround sound
Building Details
Year built
2023
Number of units
2
Buildings
1
Listing Agency:
Christian Shane Properties
(504) 208-5688
Listed By:
Christian S Galvin · License #995718884
(504) 252-0455
Added: Sep 17
Changed: Oct 24
Last Checked: Oct 26 at 2:06AM
MLS# 2570455
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.
Completed in 2023, this two-unit property contains 2,588 square feet. Each residence has an open floor plan, wood flooring, and a primary suite with a soaking tub, walk-in shower, and spacious closet. Kitchens include quartz countertops and stainless steel appliances. Covered front porches or balconies extend the living space outdoors.
Building features include spray foam insulation, video cameras, and wiring for surround sound. Central heating and air conditioning serve the units, with driveway parking. The property has public water and sewer service.
Building features include spray foam insulation, video cameras, and wiring for surround sound. Central heating and air conditioning serve the units, with driveway parking. The property has public water and sewer service.
Key Highlights
- Two‑unit duplex built in 2023 with 2,588 square feet
- Both residences feature a primary suite with soaking tub, walk‑in shower, and spacious closet
- Quartz kitchen counters and stainless steel appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,771
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,420
$655.4K
Cap Rate 7%
$468,157
$468.2K
Cap Rate 9%
$364,122
$364.1K
Market Conditions
NOI Build-Up for 2,588 SF
Gross rent
$51.2K $19.80/SF
− Vacancy
−$4.4K −$1.71/SF
EGI
$46.8K $18.09/SF
− OpEx
−$14.0K −$5.43/SF
NOI
$32.8K $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%
$655,420
Cap Rate 7%
$468,157
Cap Rate 9%
$364,122
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
972
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer open living areas, a primary suite, and covered outdoor space.
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: Two‑unit duplex built in 2023 with 2,588 square feet; Both residences feature a primary suite with soaking tub, walk‑in shower, and spacious closet; Quartz kitchen counters and stainless steel appliances included
