2626-28 ACACIA Street, New Orleans, LA 70122
MULTI_FAMILY - New Orleans, LA
- Added:
- Feb 4, 2026
- Days on Market:
- 128
- Last Refresh:
- Jun 12 at 3:06 am
Property Features for 2626-28 ACACIA Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 38W304207
- Size
- 1,800 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- EDGEWOOD PARK SQ 11 LOT 11 ACACIA 30X120 DBLE 4/RM EA A/R 2626-28 ACACIA ST
Utilities
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle, Wood
- Architectural style
- Other
Listing agent David Stassi (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date Feb 4, 2026
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.
HighLights
- Arts and crafts double with 2BD/1BA on each side, income‑producing with both sides rented at $1,275 each.
- Hardwood floors, original clawfoot tub, and classic wooden cabinetry on both sides.
- In‑unit laundry includes a flex laundry work area, plus back‑hall access to the porch and rear yard.
- Floored and divided attic space on each side.
- Never flooded (Gentilly Ridge) and described as high and dry.
- Public water; heating is natural gas with window unit(s) cooling; shingle and wood roof; year built 1920.
Overview
Local Financial Insights For Multifamily LT 5
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 | $29.2k | $16.20 |
| − Vacancy | −$2.5k | −$1.40 |
| EGI | $26.6k | $14.80 |
| − OpEx | −$8.0k | −$4.44 |
| NOI | $18.6k | $10.36 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.048965
- Latitude
- 29.995926
