Arts and Crafts
2626 Acacia Street New Orleans, LA 70122
2626 Acacia Street, New Orleans, LA, 70122
$250,000
For Sale
$250,000
Well-maintained duplex with 2 bedrooms and 1 bath per side, featuring hardwood floors and in-unit laundry flex area.
Property Size1,800 SF
Price / SF$138.89
Days on Market177
Property Features for 2626 Acacia Street
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing agency
REVE, REALTORS
(504) 957-2532
Listed by
David Stassi · License #995696696
(504) 957-2532
Source
Compass
Added: Jan 27 Updated: Jul 23 at 6:20AM Checked: Jul 23 at 6:20AM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This same-family-owned arts and crafts duplex offers two 2-bedroom, 1-bath units, with each side maintained in keeping with the original style. Interiors feature hardwood floors with a polyurethane coating, classic wooden cabinetry, and an original clawfoot tub. Each unit also includes a spacious added “flex” laundry work area, with a back hallway that opens to the porch and rear yard. Floored attic space on each side provides extra protected storage.
Situated high and dry on Gentilly Ridge in the Edgewood Park area, the property is presented as never flooded and well kept. Records are available to apply for Historic tax credits.
Easy to show by appointment, with the layout supporting either owner occupancy or rental use.
Situated high and dry on Gentilly Ridge in the Edgewood Park area, the property is presented as never flooded and well kept. Records are available to apply for Historic tax credits.
Easy to show by appointment, with the layout supporting either owner occupancy or rental use.
Key Highlights
- Duplex with 2 bedrooms and 1 full bath on each side (2 units)
- Hardwood floors with polyurethane coating, plus original clawfoot tub and classic wooden cabinetry
- In‑unit laundry with a spacious added flex work area
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 |
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 7.46%
Second Best
Apartment 5plus
$231.4K
$202.5K – $270.0K
NOI $16,198 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$471.0K
$412.1K – $549.5K
NOI $32,970 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with 2 bedrooms and 1 bath per side, featuring hardwood floors and in-unit laundry flex area.
Where is this duplex located?
The property is located at 2626 Acacia Street New Orleans, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex with 2 bedrooms and 1 full bath on each side (2 units); Hardwood floors with polyurethane coating, plus original clawfoot tub and classic wooden cabinetry; In‑unit laundry with a spacious added flex work area
