Two-Unit Duplex with Front
New
For Sale
$272,000
2504 06 Dabadie St, New Orleans, LA 70119
Each residence has two bedrooms, one bathroom, and hardwood flooring throughout.
Property Size1,512 SF
Price / SF$179.89
Days on Market4
Property Features for 2504 06 Dabadie St
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Multi-Family
Amenities
hardwood floors
front porch
Building Details
Year Built
1966
Tenancy
Multi
Listing Agency:
Nola Living Realty
(504) 301-9757
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 6:47AM
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 Nola Living Realty
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.
Built in 1966, this 1,512-square-foot duplex contains two residences, each with two bedrooms and one bathroom. Hardwood floors run throughout both units, and a shaded front porch adds outdoor space. A metal roof was installed in 2022.
The property is near Esplanade Avenue and the Fair Grounds, with Jazz Fest and several neighborhood businesses within walking distance. City Park and the French Quarter are also described as a short trip away.
The property is near Esplanade Avenue and the Fair Grounds, with Jazz Fest and several neighborhood businesses within walking distance. City Park and the French Quarter are also described as a short trip away.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,512 square feet; built in 1966
- Metal roof installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,146
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,920
$382.9K
Cap Rate 7%
$273,514
$273.5K
Cap Rate 9%
$212,733
$212.7K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$29.9K $19.80/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$27.4K $18.09/SF
− OpEx
−$8.2K −$5.43/SF
NOI
$19.1K $12.66/SF
Area
ZIP 70119
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%
$382,920
Cap Rate 7%
$273,514
Cap Rate 9%
$212,733
Alternative Uses
Best Use
Multifamily LT 5
$273.5K
$239.3K – $319.1K
NOI $19,146 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$251.4K
$220.0K – $293.3K
NOI $17,598 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$395.6K
$346.2K – $461.6K
NOI $27,695 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and hardwood flooring throughout.
Where is this duplex located?
The property is located at 2504 06 Dabadie St New Orleans, LA.
What is the asking price?
The asking price for this property is $272,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,512 square feet; built in 1966; Metal roof installed in 2022
