2-Unit Craftsman
For Sale
$249,000
2626-28 ACACIA Street, New Orleans, LA 70122
Multifamily, New Orleans, LA
Property Size1,800 SF
Lot Size0.08 Acres
Price / SF$138.33
Days on Market36
Property Features for 2626-28 ACACIA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Subdivision
Edgewood Park
Directions
FRANKLIN TO ACACIA. HEAD EAST. ON RIGHT.
Standard status
Active
APN
38W304207
Size
1,800 SF
Lot size
0.08 Acres
Additional Details
Tenant in Place
Yes
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
original clawfoot tub
hardwood floors
classic wooden cabinetry
in-unit laundry
porch
rear yard
attic space
Building Details
Year built
1926
Number of units
2
Building materials
Block, HardiPlank Type
Architectural style
Craftsman
Buildings
1
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
David A Stassi · License #995696696
(504) 957-2532
Added: Sep 18
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2577496
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 1,800-square-foot duplex contains two residences, each with two bedrooms and one bathroom. Built in 1926 in the Craftsman style, the property retains hardwood flooring, wooden cabinetry, and a clawfoot tub in each unit. Both sides also include an in-unit laundry area and divided, floored attic space. A front porch and rear yard provide shared outdoor features. Both residences are currently rented.
The property occupies a 0.0826-acre lot in New Orleans. Public water and sewer serve the site, and natural gas is available. Heating is by natural gas, with window-unit cooling.
The property occupies a 0.0826-acre lot in New Orleans. Public water and sewer serve the site, and natural gas is available. Heating is by natural gas, with window-unit cooling.
Key Highlights
- 1,800‑square‑foot duplex built in 1926
- Two residences, each with 2 bedrooms and 1 bathroom
- Each side has a floored, divided attic and in‑unit laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,648
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,960
$373.0K
Cap Rate 7%
$266,400
$266.4K
Cap Rate 9%
$207,200
$207.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$29.2K $16.20/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$26.6K $14.80/SF
− OpEx
−$8.0K −$4.44/SF
NOI
$18.6K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,960
Cap Rate 7%
$266,400
Cap Rate 9%
$207,200
Alternative Uses
Best Use
Multifamily LT 5
$266.4K
$233.1K – $310.8K
NOI $18,648 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$471.0K
$412.1K – $549.5K
NOI $32,970 @ 7.0% cap · market cap 13.24%
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
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
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 two bedrooms, one bath, and an in-unit laundry area.
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 $249,000.
What are key features of this property?
This property features: 1,800‑square‑foot duplex built in 1926; Two residences, each with 2 bedrooms and 1 bathroom; Each side has a floored, divided attic and in‑unit laundry area
