New Construction Duplex Income
2401-03 FELICIANA Street New Orleans, LA 70117
2401-03 FELICIANA Street, New Orleans, LA, 70117
$349,900
For Sale
$349,900
MULTI_FAMILY - New Orleans, LA
Property Size2,295 SF
Lot Size0.08 Acres
Price / SF$152.46
Days on Market72
Property Features for 2401-03 FELICIANA Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Standard status
- Active
- APN
- 39W607601
- Size
- 2,295 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- SQ 1311 LOTS 1 2 FELICIANA AND N ROCHEBLAVE 60X117 2/ST SGLE 6-APTS 3/RMS EA SGLE 5/RMS A/R
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
Listing Agency
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
3500 N Causeway Blvd Suite 350, Metairie, LA
Listed by
John McCann · License #995704833
(504) 669-8822
Added: May 8 Checked: Jul 18 at 1:06 am
MLS# 2555965
Listing URL
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 newly constructed duplex includes two separate units, each designed with an open-concept living area, modern finishes, and abundant natural light. Both the downstairs and upstairs layouts provide three bedrooms and two full bathrooms. The downstairs unit features a covered front porch, while the upstairs unit offers a front porch and a private balcony. Practical in-unit amenities add to the move-in readiness, with each unit coming equipped with a range, microwave hood, and stackable washer and dryer. The property also includes a Fortified roof for added durability and potential insurance savings, and a 10-year warranty on the A/C.
The property is located at 2401-03 Feliciana Street in New Orleans, in an area positioned for long-term value. The seller notes an adjacent new construction double at 2405-07 Feliciana Street is available as a package opportunity, which may appeal to investors seeking to expand with side-by-side income properties.
With three-bedroom, two-bath configurations in each unit, this duplex can work well for owner-occupants who want to offset their mortgage through rental income, or for investors looking for consistent rental appeal from a comfortable, turnkey setup. The porches and private balcony add outdoor living options that can support tenant desirability, while the roof and A/C warranty features are intended to provide added peace of mind.
The property is located at 2401-03 Feliciana Street in New Orleans, in an area positioned for long-term value. The seller notes an adjacent new construction double at 2405-07 Feliciana Street is available as a package opportunity, which may appeal to investors seeking to expand with side-by-side income properties.
With three-bedroom, two-bath configurations in each unit, this duplex can work well for owner-occupants who want to offset their mortgage through rental income, or for investors looking for consistent rental appeal from a comfortable, turnkey setup. The porches and private balcony add outdoor living options that can support tenant desirability, while the roof and A/C warranty features are intended to provide added peace of mind.
Key Highlights
- New construction duplex under construction, year built 2026
- Each unit features 3 bedrooms and 2 full bathrooms
- Central heating and central air with 10‑year A/C warranty
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 | $45.4k | $19.80 |
| − Vacancy | −$3.9k | −$1.71 |
| EGI | $41.5k | $18.09 |
| − OpEx | −$12.5k | −$5.43 |
| NOI | $29.1k | $12.66 |
2,295 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$415.1K
$363.3K – $484.3K
NOI $29,060 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$381.6K
$333.9K – $445.2K
NOI $26,711 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$583.3K
$510.4K – $680.5K
NOI $40,832 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Move-in ready duplex offers two units with modern finishes, three bedrooms each, and porches plus balcony for strong rental appeal.
Where is this duplex located?
The property is located at 2401-03 FELICIANA Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: New construction duplex under construction, year built 2026; Each unit features 3 bedrooms and 2 full bathrooms; Central heating and central air with 10‑year A/C warranty
