Duplex with Two
For Sale
$275,000
2457 59 Jasmine St, New Orleans, LA 70122
Each unit offers separate vehicle access, a front porch, and an open interior layout.
Property Size1,800 SF
Price / SF$152.78
Days on Market80
Property Features for 2457 59 Jasmine St
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-Family
Amenities
front porch
Building Details
Year Built
1954
Listing Agency:
Homesmart Realty South
Listed By:
Jean Michel · License #000022334
(504) 390-1954
Source:
Dominionplace
Added: Aug 2
Changed: Oct 11
Last Checked: Oct 7 at 4:55PM
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 duplex contains 1,800 square feet across two residential units, each with its own driveway. Both sides feature a front porch and an open floorplan, providing a consistent configuration throughout the property. The structure was built in 1954 and has a newer roof along with exterior painting improvements.
Located in New Orleans, Louisiana 70122, the property supports an owner-occupant arrangement with one unit available for personal use and the other designated for rental income, as described in the property information.
Located in New Orleans, Louisiana 70122, the property supports an owner-occupant arrangement with one unit available for personal use and the other designated for rental income, as described in the property information.
Key Highlights
- Two‑unit duplex with 1,800 square feet
- Separate driveway serving each unit
- Front porch at each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,648
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,960
$373.0K
Cap Rate 7%
$266,400
$266.4K
Cap Rate 9%
$207,200
$207.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$29.2K $16.20/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$26.6K $14.80/SF
− OpEx
−$8.0K −$4.44/SF
NOI
$18.6K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,960
Cap Rate 7%
$266,400
Cap Rate 9%
$207,200
Alternative Uses
Best Use
Multifamily LT 5
$266.4K
$233.1K – $310.8K
NOI $18,648 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$471.0K
$412.1K – $549.5K
NOI $32,970 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
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Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each unit offers separate vehicle access, a front porch, and an open interior layout.
Where is this duplex located?
The property is located at 2457 59 Jasmine St New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,800 square feet; Separate driveway serving each unit; Front porch at each residence
