Renovated Duplex with
2416-18 Soniat Street New Orleans, LA 70115
For Sale
$899,900
A 2023-renovated duplex offering two townhouse-style units, in-unit laundry, and an oversized yard with a new pool and hot tub.
Property Size3,384 SF
Price / SF$265.93
Days on Market116
Property Features for 2416-18 Soniat Street
General Information
- Standard status
- Active
- Size
- 3,384 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1930
Listing Agency:
Snap Realty
(504) 444-6400
Listed By:
Kara Breithaupt · License #995694143
(504) 444-6400
Source:
Compass
Added: Mar 31
Changed: Jul 23
Last Checked: Jul 23 at 9:49AM
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 Snap Realty
Investment Insights
Based on property information with market context.
This 2023-renovated duplex features two townhouse-style units, each designed with light, bright interiors and a high-ceiling feel. Unit interiors include wood flooring and interior wood doors, along with designer lighting and stylish bathrooms. Both units offer in-unit laundry, and the property also includes an oversized yard with a new pool and hot tub.
The duplex provides off-street parking and is located about 1.5 blocks from Freret Street’s restaurants, bars, and shopping. The property is described as being in a low-risk X flood zone.
One unit offers a larger owner’s layout with 3 bedrooms and 3 bathrooms, while the other unit is configured with 2 bedrooms and 2.5 bathrooms.
The duplex provides off-street parking and is located about 1.5 blocks from Freret Street’s restaurants, bars, and shopping. The property is described as being in a low-risk X flood zone.
One unit offers a larger owner’s layout with 3 bedrooms and 3 bathrooms, while the other unit is configured with 2 bedrooms and 2.5 bathrooms.
Key Highlights
- 2023‑renovated duplex with two townhouse‑style units and in‑unit laundry
- Oversized yard with new in‑ground pool and hot tub
- 2‑story wood siding property built in 1930 with asphalt shingle roof
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 | $45.5k | $13.44 |
| − Vacancy | −$3.9k | −$1.16 |
| EGI | $41.6k | $12.28 |
| − OpEx | −$12.5k | −$3.68 |
| NOI | $29.1k | $8.60 |
3,384 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$415.5K
$363.6K – $484.8K
NOI $29,086 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$368.3K
$322.3K – $429.7K
NOI $25,784 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$892.8K
$781.2K – $1.04M
NOI $62,496 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - A 2023-renovated duplex offering two townhouse-style units, in-unit laundry, and an oversized yard with a new pool and hot tub.
Where is this duplex located?
The property is located at 2416-18 Soniat Street New Orleans, LA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2023‑renovated duplex with two townhouse‑style units and in‑unit laundry; Oversized yard with new in‑ground pool and hot tub; 2‑story wood siding property built in 1930 with asphalt shingle roof
