New Construction Duplex with
For Sale
$325,000
2405-07 Feliciana St, New Orleans, LA 70117
Two three-bedroom units offer open-plan interiors, contemporary finishes, outdoor spaces, and supplied laundry appliances.
Property Size2,187 SF
Price / SF$148.61
Days on Market91
Property Features for 2405-07 Feliciana St
General Information
Standard status
Active
Size
2,187 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
Listed By:
John McCann · License #995704833
(504) 289-4810
Source:
Fiorellaavenue
Added: Jul 21
Changed: Oct 8
Last Checked: Oct 7 at 4:48PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this 2,187-square-foot duplex contains two residences, each with 3 bedrooms, 2 full bathrooms, open living space, modern finishes, and abundant natural light. The lower home includes a covered front porch, while the upper residence adds both a front porch and a private balcony with views toward the Crescent City Connection.
The property is equipped for immediate occupancy with a range, microwave hood, and stackable washer and dryer in each unit. A FORTIFIED roof provides a defined durability feature, and the air-conditioning systems carry a 10-year warranty. An additional newly built duplex at 2401 03 Feliciana St. is also available for buyers considering a side-by-side package acquisition.
The property is equipped for immediate occupancy with a range, microwave hood, and stackable washer and dryer in each unit. A FORTIFIED roof provides a defined durability feature, and the air-conditioning systems carry a 10-year warranty. An additional newly built duplex at 2401 03 Feliciana St. is also available for buyers considering a side-by-side package acquisition.
Key Highlights
- Two‑unit duplex totaling 2,187 SF, with 3 bedrooms and 2 full bathrooms per unit
- 2026 construction with a FORTIFIED roof
- Upper unit includes a private balcony with views of the Crescent City Connection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,693
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,860
$553.9K
Cap Rate 7%
$395,614
$395.6K
Cap Rate 9%
$307,700
$307.7K
Market Conditions
NOI Build-Up for 2,187 SF
Gross rent
$43.3K $19.80/SF
− Vacancy
−$3.7K −$1.71/SF
EGI
$39.6K $18.09/SF
− OpEx
−$11.9K −$5.43/SF
NOI
$27.7K $12.66/SF
Area
New Orleans, LA
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%
$553,860
Cap Rate 7%
$395,614
Cap Rate 9%
$307,700
Alternative Uses
Best Use
Multifamily LT 5
$395.6K
$346.2K – $461.6K
NOI $27,693 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$363.6K
$318.2K – $424.2K
NOI $25,454 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$555.9K
$486.4K – $648.5K
NOI $38,910 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
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
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units offer open-plan interiors, contemporary finishes, outdoor spaces, and supplied laundry appliances.
Where is this duplex located?
The property is located at 2405-07 Feliciana St New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,187 SF, with 3 bedrooms and 2 full bathrooms per unit; 2026 construction with a FORTIFIED roof; Upper unit includes a private balcony with views of the Crescent City Connection
