Renovated Duplex with Two
For Sale
$249,000
2426 28 Music St, New Orleans, LA 70117
Renovated two-unit property with appliances, parking, and yard space.
Property Size1,612 SF
Price / SF$154.47
Days on Market92
Property Features for 2426 28 Music St
General Information
Standard status
Active
Size
1,612 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Ecomm Realty, LLC
Listed By:
Javier Vichot · License #099564604
(504) 864-9799
Source:
Fiorellaavenue
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 19 at 11:54AM
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
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Investment Insights
Based on property information with market context.
This renovated duplex is arranged as two separate residential units in a shotgun-style configuration. Each unit includes two bedrooms and one full bathroom, creating a consistent layout across the property. Appliances are included, and the site provides parking along with yard space.
Built in 1920, the property is located at 2426 28 Music St in New Orleans, Louisiana. Its two-unit setup supports an income-producing residential use, with layouts suited to families or individual residents.
Built in 1920, the property is located at 2426 28 Music St in New Orleans, Louisiana. Its two-unit setup supports an income-producing residential use, with layouts suited to families or individual residents.
Key Highlights
- Two‑unit duplex with 1,612 property size
- Each unit has 2 bedrooms and 1 full bathroom
- Renovated shotgun‑style double
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,412
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,240
$408.2K
Cap Rate 7%
$291,600
$291.6K
Cap Rate 9%
$226,800
$226.8K
Market Conditions
NOI Build-Up for 1,612 SF
Gross rent
$31.9K $19.80/SF
− Vacancy
−$2.8K −$1.71/SF
EGI
$29.2K $18.09/SF
− OpEx
−$8.7K −$5.43/SF
NOI
$20.4K $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%
$408,240
Cap Rate 7%
$291,600
Cap Rate 9%
$226,800
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 authorities.
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Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
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Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
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 - Renovated two-unit property with appliances, parking, and yard space.
Where is this duplex located?
The property is located at 2426 28 Music St 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: Two‑unit duplex with 1,612 property size; Each unit has 2 bedrooms and 1 full bathroom; Renovated shotgun‑style double
