Maintained Duplex with Off-Street
2405 DANNEEL Street New Orleans, LA 70113
2405 DANNEEL Street, New Orleans, LA, 70113
$675,000
For Sale
$675,000
MULTI_FAMILY - New Orleans, LA
Property Size2,448 SF
Price / SF$275.74
Days on Market137
Property Features for 2405 DANNEEL Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- APN
- 2405Danneel
- Size
- 2,448 SF
Taxes and HOA fees
- Tax Description
- SQ 287 LOT 2
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Century 21 J. Carter & Company
(504) 810-2825
3540 S I-10 Service Rd W, Metairie, LA
Listed by
David Holmes
(504) 810-2825
Added: Mar 2 Checked: Jul 17 at 1:06 pm
MLS# 2545483
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 beautifully maintained duplex offers a total of six bedrooms, configured as 3 bedrooms and 2 bathrooms on each level. The property includes off-street parking for up to four vehicles, providing convenient access for residents and guests. The listing notes that all furniture in the lower unit will be included, supporting continued short-term rental use.
Located in New Orleans, the home is described as just minutes from area attractions, with the French Quarter approximately 3 miles away. It is also positioned near the St. Charles parade route, which may appeal to tenants seeking proximity to major seasonal activity.
As a two-level income property, the duplex can support separate living arrangements or continued use of the lower unit as a short-term rental. The listing states that one unit is currently generating between $2,000 and $4,000 per month through short-term rental activity. For an owner-occupant, this layout can also provide flexibility to live in one level while offsetting expenses with rental income from the other.
Located in New Orleans, the home is described as just minutes from area attractions, with the French Quarter approximately 3 miles away. It is also positioned near the St. Charles parade route, which may appeal to tenants seeking proximity to major seasonal activity.
As a two-level income property, the duplex can support separate living arrangements or continued use of the lower unit as a short-term rental. The listing states that one unit is currently generating between $2,000 and $4,000 per month through short-term rental activity. For an owner-occupant, this layout can also provide flexibility to live in one level while offsetting expenses with rental income from the other.
Key Highlights
- Duplex built in 2022 with central heating and central air
- 6 total bedrooms, with 3BR/2BA on each level
- Off‑street driveway parking for up to four vehicles
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 | $48.5k | $19.80 |
| − Vacancy | −$4.2k | −$1.71 |
| EGI | $44.3k | $18.09 |
| − OpEx | −$13.3k | −$5.43 |
| NOI | $31.0k | $12.66 |
2,448 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$442.8K
$387.5K – $516.6K
NOI $30,998 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$407.0K
$356.2K – $474.9K
NOI $28,492 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$622.2K
$544.4K – $725.9K
NOI $43,554 @ 7.0% cap · market cap 6.45%
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 - Well-maintained duplex with six bedrooms, off-street parking for up to four vehicles, and a furnished lower unit used for short-term rental.
Where is this duplex located?
The property is located at 2405 DANNEEL Street New Orleans, LA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Duplex built in 2022 with central heating and central air; 6 total bedrooms, with 3BR/2BA on each level; Off‑street driveway parking for up to four vehicles
