Arts and Crafts
For Sale
$245,000
2626-28 ACACIA Street, New Orleans, LA 70122
MULTI_FAMILY - New Orleans, LA
Property Size1,800 SF
Lot Size0.08 Acres
Price / SF$136.11
Days on Market176
Property Features for 2626-28 ACACIA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
Edgewood Park
Lot features
1-5 Acres
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
Legal 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 Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
David Stassi · License #995696696
(504) 957-2532
Added: Feb 4
Changed: Jul 26
Last Checked: Jul 30 at 6:06PM
MLS# 2540837
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.
Investment Insights
Based on property information with market context.
Located at 2626-28 Acacia Street, this well-maintained arts and crafts duplex offers two separate 2-bedroom, 1-bath layouts, with both sides currently rented. Each unit includes original period details such as hardwood floors, classic wooden cabinetry, and an original clawfoot tub, along with a flex in-unit laundry work area. A back hallway connects to the porch and rear yard, and each side benefits from a floored and divided attic space.
The property is described as high and dry on the Gentilly Ridge and is noted as never flooded. Records are available to apply for Historic tax credits, and showings are available by appointment.
The property is described as high and dry on the Gentilly Ridge and is noted as never flooded. Records are available to apply for Historic tax credits, and showings are available by appointment.
Key Highlights
- Duplex with 2BD/1BA on each side; both sides currently rented at $1,275 each
- Year built 1920 arts‑and‑crafts style double on Gentilly Ridge
- Heating: natural gas; cooling: window unit(s)
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 |
1,800 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$266.4K
$233.1K – $310.8K
NOI $18,648 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$471.0K
$412.1K – $549.5K
NOI $32,970 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with 2BD/1BA units on both sides, currently rented and generating income.
Where is this duplex located?
The property is located at 2626-28 ACACIA Street New Orleans, LA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Duplex with 2BD/1BA on each side; both sides currently rented at $1,275 each; Year built 1920 arts‑and‑crafts style double on Gentilly Ridge; Heating: natural gas; cooling: window unit(s)
