Building Details

Tenancy Multi

Listing Agency: Service 1st Real Estate

Listed By: Martina Cherry · License #0995702137 Show Phone

Source: Smithsquared

Added: Jul 16 Changed: Oct 17 Last Checked: Oct 19 at 11:26AM

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Investment Insights

Based on property information with market context.

This duplex property contains 2,800 square feet and is configured as two residential units. The existing layout supports continued multifamily use, while the property information also identifies potential for conversion to a single-family residence.

Located in New Orleans’ Uptown area, the property is described as being just minutes from downtown. The address is 2420-2422 Philip Street, New Orleans, LA 70113.

Key Highlights

• 2,800‑square‑foot duplex property
• Configured as two residential units
• Located in New Orleans’ Uptown area

Property Analytics

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Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,873

Businesses Nearby

Explore this area Business Placement

Demographics for 70113, LA

8,569

Population

5,512

Households

1.6

Avg Household Size

37

Median Age

27%

College-Educated

74%

High-School Grad

0.9 sq mi

ZIP Area

9,521

Density / Sq Mi

$36,897

Median Household Income

$31,126

Median Earnings

$960

Median Rent

$258,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential income property in New Orleans’ Uptown area, near downtown.

Where is this duplex located?

The property is located at 2420-2422 Philip St New Orleans, LA.

What is the asking price?

The asking price for this property is $79,000.

What are key features of this property?

This property features: 2,800‑square‑foot duplex property; Configured as two residential units; Located in New Orleans’ Uptown area