New Construction Duplex with
For Sale
$349,900
2405-07 Feliciana Street, New Orleans, LA 70117
Newly built duplex with two 3BR/2BA units, porches, balcony, and included appliances.
Days on Market85
Property Features for 2405-07 Feliciana Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Amenities
covered front porch
private balcony
range
microwave hood
stackable washer and dryer
FORTIFIED roof
10 year warranty on A/C
Building Details
Building Size
2,187 SF
Year Built
2026
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty 455-0100
(504) 289-4810
Listed By:
John McCann · License #995704833
(504) 289-4810
Source:
Nolalivingrealty
Added: May 8
Changed: Jul 27
Last Checked: Jul 30 at 12:29PM
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 Keller Williams Realty 455-0100
Investment Insights
Based on property information with market context.
This newly constructed duplex is configured as two separate units, with each offering 3 bedrooms and 2 full bathrooms. Both interiors feature spacious, open-concept living areas with modern finishes and abundant natural light. The downstairs unit includes a covered front porch, while the upstairs unit includes a front porch plus a private balcony. The upstairs balcony is described as offering skyline views of the Crescent City Connection.
The property is noted as including a FORTIFIED roof for added durability, and it comes with a 10-year warranty on the A/C. Each unit is described as move-in ready with included appliances, including a range, microwave hood, and stackable washer and dryer.
The seller also indicates an adjacent new-construction double at 2401–03 Feliciana Street is available for a package purchase.
The property is noted as including a FORTIFIED roof for added durability, and it comes with a 10-year warranty on the A/C. Each unit is described as move-in ready with included appliances, including a range, microwave hood, and stackable washer and dryer.
The seller also indicates an adjacent new-construction double at 2401–03 Feliciana Street is available for a package purchase.
Key Highlights
- Newly built duplex (Year Built 2026) with two 3BR/2BA units
- Upstairs unit includes a private balcony with skyline views of the Crescent City Connection
- Downstairs unit features a covered front porch; upstairs unit has a front porch
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 | $43.3k | $19.80 |
| − Vacancy | −$3.7k | −$1.71 |
| EGI | $39.6k | $18.09 |
| − OpEx | −$11.9k | −$5.43 |
| NOI | $27.7k | $12.66 |
2,187 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.6K
$346.2K – $461.6K
NOI $27,693 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$363.6K
$318.2K – $424.2K
NOI $25,454 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$555.9K
$486.4K – $648.5K
NOI $38,910 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex with two 3BR/2BA units, porches, balcony, and included appliances.
Where is this duplex located?
The property is located at 2405-07 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: Newly built duplex (Year Built 2026) with two 3BR/2BA units; Upstairs unit includes a private balcony with skyline views of the Crescent City Connection; Downstairs unit features a covered front porch; upstairs unit has a front porch
