New Construction Duplex with
For Sale
$325,000
2405-07 FELICIANA Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size2,187 SF
Lot Size0.08 Acres
Price / SF$148.61
Days on Market169
Property Features for 2405-07 FELICIANA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2
Standard status
Active
APN
39W607601
Size
2,187 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
Legal 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
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered front porch
private balcony
range
microwave hood
stackable washer and dryer
Building Details
Year built
2026
Number of units
2
Building materials
HardiPlank Type
Architectural style
Other
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
John C McCann · License #995704833
(504) 289-4810
Added: May 8
Changed: Oct 23
Last Checked: Oct 23 at 9:06PM
MLS# 2555969
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.
This duplex is under construction and is planned for completion in 2026. The 2,187-square-foot building contains two residences, each with three bedrooms, two full bathrooms, and open-concept living areas. HardiPlank-type exterior siding and a FORTIFIED roof are specified. Central heating and air conditioning serve the property, and public water and sewer are available.
The lower residence has a covered front porch. The upper residence includes a front porch and a private balcony. Each unit is equipped with a range, microwave hood, and stackable washer and dryer. A 10-year warranty applies to the air conditioning.
The lower residence has a covered front porch. The upper residence includes a front porch and a private balcony. Each unit is equipped with a range, microwave hood, and stackable washer and dryer. A 10-year warranty applies to the air conditioning.
Key Highlights
- Two units, each with 3 bedrooms and 2 full bathrooms
- 2,187 square feet on a 0.0806‑acre lot
- Under construction; year built listed as 2026
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include individual laundry appliances, central HVAC, and covered outdoor spaces.
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 $325,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 full bathrooms; 2,187 square feet on a 0.0806‑acre lot; Under construction; year built listed as 2026
