Corner Duplex with Separate
For Sale
$198,900
2400 02 New Orleans St, New Orleans, LA 70119
Two-unit residential property built in 1930 with access to downtown, major corridors, and neighborhood amenities.
Property Size1,392 SF
Price / SF$142.89
Days on Market52
Property Features for 2400 02 New Orleans St
General Information
Standard status
Active
Size
1,392 SF
Property subtype
Multi-Family
Building Details
Year Built
1930
Listing Agency:
Talbot Realty Group
Listed By:
Christopher Talbot · License #000075986
(504) 319-1452
Source:
Dominionplace
Added: Aug 15
Changed: Sep 12
Last Checked: Oct 4 at 1:42PM
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 Talbot Realty Group
Investment Insights
Based on property information with market context.
This duplex contains 1392 square feet across separate residential units and was built in 1930. Its corner-lot position and two-unit configuration support continued income use or owner occupancy, as supported by the existing layout.
Located at 2400 02 New Orleans St, the property offers access to downtown, major corridors, and nearby neighborhood amenities. The separate units provide a straightforward duplex format for evaluating residential income ownership or occupancy options.
Located at 2400 02 New Orleans St, the property offers access to downtown, major corridors, and nearby neighborhood amenities. The separate units provide a straightforward duplex format for evaluating residential income ownership or occupancy options.
Key Highlights
- Duplex with separate residential units
- 1392 square feet of property space
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,626
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,520
$352.5K
Cap Rate 7%
$251,800
$251.8K
Cap Rate 9%
$195,844
$195.8K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$27.6K $19.80/SF
− Vacancy
−$2.4K −$1.71/SF
EGI
$25.2K $18.09/SF
− OpEx
−$7.6K −$5.43/SF
NOI
$17.6K $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%
$352,520
Cap Rate 7%
$251,800
Cap Rate 9%
$195,844
Alternative Uses
Best Use
Multifamily LT 5
$251.8K
$220.3K – $293.8K
NOI $17,626 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$231.4K
$202.5K – $270.0K
NOI $16,201 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$364.2K
$318.7K – $425.0K
NOI $25,497 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property built in 1930 with access to downtown, major corridors, and neighborhood amenities.
Where is this duplex located?
The property is located at 2400 02 New Orleans St New Orleans, LA.
What is the asking price?
The asking price for this property is $198,900.
What are key features of this property?
This property features: Duplex with separate residential units; 1392 square feet of property space; Built in 1930
