New Construction
For Sale
$324,500
2424-26 New Orleans St, New Orleans, LA 70119
Two-unit residential property with new finishes, separate kitchens, and a two-bedroom/three-bedroom layout.
Property Size1,753 SF
Price / SF$185.11
Days on Market51
Property Features for 2424-26 New Orleans St
General Information
Standard status
Active
Size
1,753 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
St. Roch
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
Homesmart Realty South
Listed By:
Ajoura rama · License #995720485
(985) 285-5747
Source:
Fiorellaavenue
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 7 at 2:55PM
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 Homesmart Realty South
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Investment Insights
Based on property information with market context.
This 1,753-square-foot duplex, completed in 2026, contains two newly constructed residential units with distinct layouts. The front residence has 2 bedrooms and 1 bathroom, while the rear residence includes 3 bedrooms and 2 bathrooms. Both units feature light laminate flooring, white interior paint, new appliances, and separate ranges/ovens, microwaves, dishwashers, and refrigerators. A new roof and fencing complete the property improvements.
Located at 2424-26 New Orleans St in New Orleans, the property is identified in the Historic 7th Ward. The two-unit configuration supports separate residential occupancy, with each unit equipped for independent daily use. The mix of unit sizes provides flexibility for an owner-occupant arrangement, multigenerational living, or leasing both residences, as supported by the property’s layout.
Located at 2424-26 New Orleans St in New Orleans, the property is identified in the Historic 7th Ward. The two-unit configuration supports separate residential occupancy, with each unit equipped for independent daily use. The mix of unit sizes provides flexibility for an owner-occupant arrangement, multigenerational living, or leasing both residences, as supported by the property’s layout.
Key Highlights
- Two‑unit duplex at 2424‑26 New Orleans St, New Orleans, LA 70119
- 1,753 SF building completed in 2026
- Front unit: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,197
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,940
$443.9K
Cap Rate 7%
$317,100
$317.1K
Cap Rate 9%
$246,633
$246.6K
Market Conditions
NOI Build-Up for 1,753 SF
Gross rent
$34.7K $19.80/SF
− Vacancy
−$3.0K −$1.71/SF
EGI
$31.7K $18.09/SF
− OpEx
−$9.5K −$5.43/SF
NOI
$22.2K $12.66/SF
Area
ZIP 70119
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%
$443,940
Cap Rate 7%
$317,100
Cap Rate 9%
$246,633
Alternative Uses
Best Use
Multifamily LT 5
$317.1K
$277.5K – $370.0K
NOI $22,197 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$291.5K
$255.0K – $340.1K
NOI $20,403 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$458.7K
$401.4K – $535.2K
NOI $32,109 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with new finishes, separate kitchens, and a two-bedroom/three-bedroom layout.
Where is this duplex located?
The property is located at 2424-26 New Orleans St New Orleans, LA.
What is the asking price?
The asking price for this property is $324,500.
What are key features of this property?
This property features: Two‑unit duplex at 2424‑26 New Orleans St, New Orleans, LA 70119; 1,753 SF building completed in 2026; Front unit: 2 bedrooms and 1 bathroom
