10-Bedroom
New
For Sale
$850,000
2416 Dante St, New Orleans, LA 70118
Two residences provide private-bath bedrooms and room-by-room rental configuration with utilities and internet included.
Property Size3,868 SF
Price / SF$219.75
Days on Market2
Property Features for 2416 Dante St
General Information
Standard status
Active
Size
3,868 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Essential Living Realty LLC
Listed By:
Trenace Jefferson · License #995701488
(504) 975-4892
Source:
Fiorellaavenue
Added: Oct 7
Last Checked: Oct 7 at 2:21PM
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 Essential Living Realty LLC
Investment Insights
Based on property information with market context.
Built in 2024, this 3,868-square-foot duplex contains 10 bedrooms and 6 bathrooms across two sides, with five bedrooms and three bathrooms in each residence. Both layouts include a bedroom with a private bathroom, and two bedrooms are located on the first level. Luxury vinyl laminate wood flooring extends throughout, while quartz countertops finish the kitchens. Bathrooms offer walk-in showers and tub/shower combinations.
The property is rented by the room as independent one-bedroom units, with utilities and internet included. The address is 2416 Dante St in New Orleans.
The property is rented by the room as independent one-bedroom units, with utilities and internet included. The address is 2416 Dante St in New Orleans.
Key Highlights
- 3,868 square feet; built in 2024
- Two residences, each with 5 bedrooms and 3 bathrooms
- 10 bedrooms and 6 bathrooms total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,979
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,580
$979.6K
Cap Rate 7%
$699,700
$699.7K
Cap Rate 9%
$544,211
$544.2K
Market Conditions
NOI Build-Up for 3,868 SF
Gross rent
$76.6K $19.80/SF
− Vacancy
−$6.6K −$1.71/SF
EGI
$70.0K $18.09/SF
− OpEx
−$21.0K −$5.43/SF
NOI
$49.0K $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%
$979,580
Cap Rate 7%
$699,700
Cap Rate 9%
$544,211
Alternative Uses
Best Use
Multifamily LT 5
$699.7K
$612.2K – $816.3K
NOI $48,979 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$643.1K
$562.7K – $750.3K
NOI $45,019 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$983.1K
$860.2K – $1.15M
NOI $68,818 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide private-bath bedrooms and room-by-room rental configuration with utilities and internet included.
Where is this duplex located?
The property is located at 2416 Dante St New Orleans, LA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,868 square feet; built in 2024; Two residences, each with 5 bedrooms and 3 bathrooms; 10 bedrooms and 6 bathrooms total
