Two-Unit Duplex with
For Sale
$350,000
2472-74 Vienna Street, New Orleans, LA 70122
Raised construction includes separate electric and water meters, in-unit laundry, and off-street parking.
Property Size2,595 SF
Price / SF$134.87
Days on Market100
Property Features for 2472-74 Vienna Street
General Information
Standard status
Active
Size
2,595 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
in-unit laundry
generous storage
off-street parking
Central Air
Central
1
4
6
In Unit
Asphalt
Other
Pillar/Post/Pier
Frame, HardiPlank Type, Other
Building Details
Year Built
2015
Buildings
1
Listing Agency:
REVE, REALTORS
Listed By:
Celeste Marshall · License #995686000
(504) 220-8558
Source:
Compass
Added: Jul 12
Changed: Oct 13
Last Checked: Oct 19 at 9:07AM
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 REVE, REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Constructed in 2015, this duplex contains two 3-bedroom, 2-bath residences with distinct bedroom arrangements. Each unit includes in-unit laundry, substantial storage, and off-street parking. Fresh paint gives the interiors an updated presentation, while the raised structure sits approximately 7 feet above grade. Separate electric and water meters create clear utility separation between the residences.
The property is located at 2472-74 Vienna St in New Orleans’ Milneburg/Gentilly area, near the lakefront corridor, UNO, and major commuter routes. Its two-unit configuration and independently metered services provide a straightforward setup for operating the residences as an income property.
The property is located at 2472-74 Vienna St in New Orleans’ Milneburg/Gentilly area, near the lakefront corridor, UNO, and major commuter routes. Its two-unit configuration and independently metered services provide a straightforward setup for operating the residences as an income property.
Key Highlights
- Two 3‑bedroom, 2‑bath units in a duplex configuration
- Built in 2015 with fresh interior paint
- Raised construction approximately 7 feet above grade
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
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Raised construction includes separate electric and water meters, in-unit laundry, and off-street parking.
Where is this duplex located?
The property is located at 2472-74 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 units in a duplex configuration; Built in 2015 with fresh interior paint; Raised construction approximately 7 feet above grade
