New Construction
For Sale
$324,500
Pending
2424-26 NEW ORLEANS Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size1,753 SF
Days on Market58
Property Features for 2424-26 NEW ORLEANS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2
Parking
2
Parking features
Off Street
Patio and Porch features
Porch
Subdivision
Inner City 7th
Lot features
Irregular Lot
Standard status
Pending
APN
37W208119
Size
1,753 SF
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
2
Building materials
Frame
Buildings
1
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Ajoura rama · License #995720485
(985) 285-5747
Added: Aug 27
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 2574218
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This frame duplex is under construction and totals 1,753 square feet. Its two units have distinct bedroom and bath configurations: the front residence has two bedrooms and one bathroom, while the rear residence has three bedrooms and two bathrooms. Construction features include a new roof, fencing, laminate flooring, and white paint. Each unit has a range/oven, microwave, dishwasher, and refrigerator, along with central heating and central air conditioning.
The property includes a porch and off-street parking. Public water and sewer service are available, and natural gas is available. The recorded year built is 2026.
The property includes a porch and off-street parking. Public water and sewer service are available, and natural gas is available. The recorded year built is 2026.
Key Highlights
- Two‑unit property totaling 1,753 square feet
- Front unit: 2 bedrooms and 1 bathroom
- Rear unit: 3 bedrooms and 2 bathrooms
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately equipped homes offer a two-bedroom layout in front and a three-bedroom layout at the rear.
Where is this duplex located?
The property is located at 2424-26 NEW ORLEANS Street 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 property totaling 1,753 square feet; Front unit: 2 bedrooms and 1 bathroom; Rear unit: 3 bedrooms and 2 bathrooms
