Two-Unit Duplex with Front
For Sale
$272,000
2504 DABADIE Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size1,512 SF
Price / SF$179.89
Days on Market10
Property Features for 2504 DABADIE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
Standard status
Active
APN
37W210311
Size
1,512 SF
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1966
Number of units
2
Building materials
Brick, HardiPlank Type, Wood Siding
Architectural style
Cottage
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Eric T Milton · License #995696335
(504) 301-6426
Added: Oct 14
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2581542
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 1,512-square-foot duplex was built in 1966 and contains two residences, each arranged with two bedrooms and one bathroom. Hardwood flooring runs through both units, and a shaded porch fronts the building. A metal roof was installed in 2022. Central heating and air conditioning serve the property.
The property is near Esplanade Avenue and the Fair Grounds, with City Park and the French Quarter also in the surrounding area. Public water and sewer serve the site.
The property is near Esplanade Avenue and the Fair Grounds, with City Park and the French Quarter also in the surrounding area. Public water and sewer serve the site.
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.
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Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, one bathroom, and hardwood floors.
Where is this duplex located?
The property is located at 2504 DABADIE Street 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
