Two-Unit Duplex with Private
For Sale
$465,000
2604-06 VALENCE Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size1,750 SF
Price / SF$265.71
Days on Market42
Property Features for 2604-06 VALENCE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 2
Parking features
Off Street
Patio and Porch features
Porch
Subdivision
Not a Subdivision
Elementary school
N.O. public
Middle school
N.O. public, N.O. public
High school
N.O. public
Directions
From Freret street, turn north on Valence, from Claiborne, turn right on cadiz, right on magnolia, left on Valence
Standard status
Active
APN
614332509
Size
1,750 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
sq 619 Lot e 30x83/79 2604-06 valence street
Legal Description
sq 619 Lot e 30x83/79 2604-06 valence street
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private in-unit laundry
carrera marble counter tops
heart pine floors
11 foot ceilings
custom showers
small garden in front
shared back deck
Building Details
Year built
1940
Number of units
2
Building materials
HardiPlank Type
Architectural style
Shotgun
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Elizabeth O Bordelon · License #995690718
(504) 232-0342
Added: Sep 12
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2576794
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.
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 1,750-square-foot duplex contains two residences, each configured with 2 bedrooms and 2 bathrooms. Private laundry is provided in both units, and interior details include heart pine flooring, Carrera marble countertops, custom showers, and 11-foot ceilings. The property also has a front porch, a small front garden, and a shared rear deck. Central heating and air conditioning serve the building.
The property is one block from Freret Street and within walking distance of hospitals and universities. Both residences are currently leased, with one expected to become available in December.
The property is one block from Freret Street and within walking distance of hospitals and universities. Both residences are currently leased, with one expected to become available in December.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 1,750 square feet
- Private laundry in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,042
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,840
$300.8K
Cap Rate 7%
$214,886
$214.9K
Cap Rate 9%
$167,133
$167.1K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$23.5K $13.44/SF
− Vacancy
−$2.0K −$1.16/SF
EGI
$21.5K $12.28/SF
− OpEx
−$6.4K −$3.68/SF
NOI
$15.0K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,840
Cap Rate 7%
$214,886
Cap Rate 9%
$167,133
Alternative Uses
Best Use
Multifamily LT 5
$214.9K
$188.0K – $250.7K
NOI $15,042 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$190.5K
$166.7K – $222.2K
NOI $13,334 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$461.7K
$404.0K – $538.7K
NOI $32,319 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a two-bedroom, two-bath layout with its own laundry facilities.
Where is this duplex located?
The property is located at 2604-06 VALENCE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; 1,750 square feet; Private laundry in each unit
