Two-Unit Duplex with Separate
2472-24 Vienna Street, New Orleans, LA 70122
For Sale
New
$350,000
Multifamily, New Orleans, LA
Property Size2,595 SF
Lot Size0.16 Acres
Price / SF$134.87
Days on Market4
Property Features for 2472-24 Vienna Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
in-unit laundry
generous storage
off-street parking
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Celeste Marshall · License LA #995686000
(504) 220-8558
Added: Nov 12
Changed: Nov 15
Last Checked: Nov 15 at 3:06PM
MLS# 200VNJ
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 cottage-style duplex contains two residences, each configured with three bedrooms and two bathrooms. Combined building area is 2,595 square feet on a 0.16-acre lot. Both units have in-unit laundry and storage, with separate electric and water meters. The building is raised approximately seven feet above grade and features HardiPlank siding, ceramic tile flooring, central heating and air conditioning, and off-street driveway parking.
One residence has been freshly painted and is ready for occupancy; the other is leased. The property is in New Orleans’ Milneburg/Gentilly area, within the lakefront corridor and near UNO and major commuter routes.
One residence has been freshly painted and is ready for occupancy; the other is leased. The property is in New Orleans’ Milneburg/Gentilly area, within the lakefront corridor and near UNO and major commuter routes.
Key Highlights
- Two 3‑bedroom, 2‑bath residences
- 2,595 square feet of building area on a 0.16‑acre lot
- Separate electric and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,885
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,700
$537.7K
Cap Rate 7%
$384,071
$384.1K
Cap Rate 9%
$298,722
$298.7K
Market Conditions
NOI Build-Up for 2,595 SF
Gross rent
$42.0K $16.20/SF
− Vacancy
−$3.6K −$1.40/SF
EGI
$38.4K $14.80/SF
− OpEx
−$11.5K −$4.44/SF
NOI
$26.9K $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%
$537,700
Cap Rate 7%
$384,071
Cap Rate 9%
$298,722
Alternative Uses
Best Use
Multifamily LT 5
$384.1K
$336.1K – $448.1K
NOI $26,885 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$333.6K
$291.9K – $389.2K
NOI $23,353 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$679.0K
$594.2K – $792.2K
NOI $47,532 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
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
$274,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two bathrooms, laundry, and off-street parking.
Where is this duplex located?
The property is located at 2472-24 Vienna Street New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath residences; 2,595 square feet of building area on a 0.16‑acre lot; Separate electric and water meters for each unit
