Duplex with Two 3BR
2600-02 Annette Street New Orleans, LA 70116
For Sale
$279,000
Duplex for sale with two tenant-occupied 3-bedroom, 2-bath units on a corner lot in an X flood zone.
Property Size2,180 SF
Price / SF$127.98
Days on Market98
Property Features for 2600-02 Annette Street
General Information
- Standard status
- Active
- Size
- 2,180 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1945
Listing Agency:
Homesmart Realty South
(504) 782-2470
Listed By:
Coniece Allen-Brown · License #000069487
(504) 782-2470
Source:
Compass
Added: Apr 18
Changed: Jul 10
Last Checked: Jul 24 at 12:09PM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
This well-maintained duplex contains two spacious residential units. Each unit includes three bedrooms and two full bathrooms, with an open and functional layout designed for everyday livability. The property also features inviting front porches at the unit entries, adding an exterior living touch.
The duplex sits on a desirable corner lot and is located in an X flood zone. The property is currently tenant occupied, and it is positioned for convenience to local dining, shopping, and entertainment.
For buyers looking for rental income, the configuration of two complete 3-bedroom, 2-bath homes supports straightforward leasing and tenant management from one address. For owner-occupants, the layout also allows for living in one unit while leasing the other, using the existing two-unit setup to help offset household expenses. This is a practical option for investors seeking a maintained, two-unit asset with current in-place tenancy and unit-level privacy.
The duplex sits on a desirable corner lot and is located in an X flood zone. The property is currently tenant occupied, and it is positioned for convenience to local dining, shopping, and entertainment.
For buyers looking for rental income, the configuration of two complete 3-bedroom, 2-bath homes supports straightforward leasing and tenant management from one address. For owner-occupants, the layout also allows for living in one unit while leasing the other, using the existing two-unit setup to help offset household expenses. This is a practical option for investors seeking a maintained, two-unit asset with current in-place tenancy and unit-level privacy.
Key Highlights
- Duplex with 2 tenant‑occupied units, each offering 3 bedrooms and 2 full bathrooms
- Corner lot with X flood zone designation
- 1‑story building built in 1945 with vinyl siding and asphalt roof
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.8k | $23.28 |
| − Vacancy | −$4.6k | −$2.12 |
| EGI | $46.1k | $21.16 |
| − OpEx | −$20.8k | −$9.52 |
| NOI | $25.4k | $11.64 |
2,180 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.3K
$345.1K – $460.1K
NOI $27,604 @ 7.0% cap · market cap 9.89%
Second Best
Apartment 5plus
$362.5K
$317.2K – $422.9K
NOI $25,373 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$554.1K
$484.8K – $646.4K
NOI $38,786 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex for sale with two tenant-occupied 3-bedroom, 2-bath units on a corner lot in an X flood zone.
Where is this duplex located?
The property is located at 2600-02 Annette Street New Orleans, LA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Duplex with 2 tenant‑occupied units, each offering 3 bedrooms and 2 full bathrooms; Corner lot with X flood zone designation; 1‑story building built in 1945 with vinyl siding and asphalt roof
