Duplex with Front
New
For Sale
$272,000
2504 DABADIE Street, New Orleans, LA 70119
Multi-Family, Creole Cottage, New Orleans, LA
Property Size1,512 SF
Price / SF$179.89
Days on Market4
Property Features for 2504 DABADIE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Lot features
Regular
Standard status
Active
APN
37W210311
Size
1,512 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1966
Floors in Building
1
Number of units
2
Roof type
Metal
Architectural style
Cottage
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Eric Milton
(504) 301-6426
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 17 at 10:06AM
MLS# 2581542
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. 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 has a cottage architectural style and dates to 1966. Both residences have two bedrooms and one bathroom, with hardwood floors throughout. A front porch adds shared exterior space, and the property has central heating and central air conditioning. The metal roof was installed in 2022.
The property is on Dabadie Street, steps from Esplanade Avenue and the Fair Grounds. Jazz Fest and nearby neighborhood businesses, including Liuzza's, Leo's Breads, and Pagoda Cafe, are within walking distance. City Park and the French Quarter are a short trip away.
The property is on Dabadie Street, steps from Esplanade Avenue and the Fair Grounds. Jazz Fest and nearby neighborhood businesses, including Liuzza's, Leo's Breads, and Pagoda Cafe, are within walking distance. City Park and the French Quarter are a short trip away.
Key Highlights
- 1,512‑square‑foot duplex with two 2‑bedroom, 1‑bath residences
- Metal roof installed in 2022
- Hardwood floors throughout both residences
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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Property Analytics
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Current Use
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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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 - Two residences share a cottage-style design, with hardwood floors, central heating and air conditioning, and a covered outdoor entry.
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: 1,512‑square‑foot duplex with two 2‑bedroom, 1‑bath residences; Metal roof installed in 2022; Hardwood floors throughout both residences
