Shotgun-Style
For Sale
$255,000
2526-28 Annette St, New Orleans, LA 70119
Two-unit residential property suited to owner-occupancy or investment use in New Orleans.
Property Size1,776 SF
Price / SF$143.58
Days on Market92
Property Features for 2526-28 Annette St
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Construction
shotgun-style
Listing Agency:
TJones & Co, LLC
Listed By:
Shantell Wynder · License #995690444
(504) 327-3875
Source:
Fiorellaavenue
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 19 at 9:28AM
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 TJones & Co, LLC
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.
This shotgun-style duplex contains two residential units within 1,776 square feet of property built in 1920. The configuration supports either owner-occupancy or investment use.
The property is located at 2526-28 Annette St, New Orleans, LA 70119, providing a defined address for residential income property marketing.
The property is located at 2526-28 Annette St, New Orleans, LA 70119, providing a defined address for residential income property marketing.
Key Highlights
- Two‑unit duplex configuration
- Shotgun‑style residential property
- 1,776 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,489
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,780
$449.8K
Cap Rate 7%
$321,271
$321.3K
Cap Rate 9%
$249,878
$249.9K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$35.2K $19.80/SF
− Vacancy
−$3.0K −$1.71/SF
EGI
$32.1K $18.09/SF
− OpEx
−$9.6K −$5.43/SF
NOI
$22.5K $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%
$449,780
Cap Rate 7%
$321,271
Cap Rate 9%
$249,878
Alternative Uses
Best Use
Multifamily LT 5
$321.3K
$281.1K – $374.8K
NOI $22,489 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$295.3K
$258.4K – $344.5K
NOI $20,671 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$464.7K
$406.6K – $542.2K
NOI $32,531 @ 7.0% cap · market cap 12.76%
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
714
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 - Two-unit residential property suited to owner-occupancy or investment use in New Orleans.
Where is this duplex located?
The property is located at 2526-28 Annette St New Orleans, LA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Shotgun‑style residential property; 1,776 square feet
