Renovated Shotgun
2426-28 Music Street New Orleans, LA 70117
For Sale
$249,000
Renovated two-unit shotgun duplex with two large bedrooms per side, full bath, and appliances included.
Property Size1,612 SF
Price / SF$154.47
Days on Market350
Property Features for 2426-28 Music Street
General Information
- Standard status
- Active
- Size
- 1,612 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing Agency:
Ecomm Realty, LLC
(504) 864-9799
Listed By:
Javier Vichot · License #099564604
(504) 864-9799
Source:
Compass
Added: Aug 8, 2025
Changed: Jul 22
Last Checked: Jul 22 at 8:38PM
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 Ecomm Realty, LLC
Investment Insights
Based on property information with market context.
This renovated shotgun duplex offers two income-producing rental units. Each unit features two large bedrooms and one full bathroom, and both units come with appliances. The property also includes an abundance of parking and yard space.
The building is described as being conveniently located between the east uptown and new Marigny area in New Orleans.
Offered for sale with the seller willing to contribute toward closing costs, this double is set up as a two-family rental with a straightforward two-bedroom, one-bath layout on both sides.
The building is described as being conveniently located between the east uptown and new Marigny area in New Orleans.
Offered for sale with the seller willing to contribute toward closing costs, this double is set up as a two-family rental with a straightforward two-bedroom, one-bath layout on both sides.
Key Highlights
- Renovated 2‑unit shotgun duplex with 4 total bedrooms and 2 full baths
- Each unit features 2 large bedrooms and a full bathroom
- Central air and central heating throughout
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 | $31.9k | $19.80 |
| − Vacancy | −$2.8k | −$1.71 |
| EGI | $29.2k | $18.09 |
| − OpEx | −$8.7k | −$5.43 |
| NOI | $20.4k | $12.66 |
1,612 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$291.6K
$255.2K – $340.2K
NOI $20,412 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$268.0K
$234.5K – $312.7K
NOI $18,762 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$409.7K
$358.5K – $478.0K
NOI $28,680 @ 7.0% cap · market cap 11.52%
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 - Renovated two-unit shotgun duplex with two large bedrooms per side, full bath, and appliances included.
Where is this duplex located?
The property is located at 2426-28 Music Street New Orleans, LA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Renovated 2‑unit shotgun duplex with 4 total bedrooms and 2 full baths; Each unit features 2 large bedrooms and a full bathroom; Central air and central heating throughout
