New Construction
For Sale
$425,000
2630 NEW ORLEANS Street, New Orleans, LA 70119
Multi-Family, Traditional, New Orleans, LA
Property Size2,500 SF
Lot Size0.08 Acres
Price / SF$170
Days on Market138
Property Features for 2630 NEW ORLEANS Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Parking features
Off Street
Patio and Porch features
Porch
Exterior features
Driveway Permeable Surface, Fence, Porch
Fencing
Fenced
Lot features
Regular
Subdivision
Inner City 7th
Standard status
Active
APN
37W212913
Size
2,500 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
SQ 1505 LOT 16 NEW ORLEANS
Legal Description
SQ 1505 LOT 16 NEW ORLEANS
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
open floor plan
vinyl wood planked flooring
energy efficient windows
stainless steel appliances
9' ceilings
custom tile bathrooms
walk-in closets
driveway parking
fenced back yards
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Cherie Bolner · License #099564317
(504) 442-0734
Added: Apr 22
Changed: Sep 4
Last Checked: Sep 6 at 8:06AM
MLS# 2554336
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.
This under-construction duplex is scheduled for completion in 2026 and contains approximately 2,500 square feet. The two-level layout includes open living areas, energy-efficient windows, nine-foot ceilings on both floors, central heating and cooling, and contemporary bathrooms with custom tile work. Primary bedrooms feature built-in walk-in closets, while brand-new stainless steel appliances are included. A shingle roof and public water service are also provided.
The property sits on a 0.0764-acre lot with a driveway offering off-street parking. A porch extends the usable outdoor area, and the spacious rear yards are separated by new wood fencing for added privacy. Permeable-surface driveway construction and fenced outdoor space round out the exterior improvements.
The property sits on a 0.0764-acre lot with a driveway offering off-street parking. A porch extends the usable outdoor area, and the spacious rear yards are separated by new wood fencing for added privacy. Permeable-surface driveway construction and fenced outdoor space round out the exterior improvements.
Key Highlights
- 2,500‑square‑foot duplex on a 0.0764‑acre lot
- Under construction with a 2026 year built
- Two‑level layout with 9' ceilings on both floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,656
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$633,120
$633.1K
Cap Rate 7%
$452,229
$452.2K
Cap Rate 9%
$351,733
$351.7K
Market Conditions
NOI Build-Up for 2,500 SF
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.
Gross rent
$49.5K $19.80/SF
− Vacancy
−$4.3K −$1.71/SF
EGI
$45.2K $18.09/SF
− OpEx
−$13.6K −$5.43/SF
NOI
$31.7K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$633,120
Cap Rate 7%
$452,229
Cap Rate 9%
$351,733
Alternative Uses
Best Use
Multifamily LT 5
$452.2K
$395.7K – $527.6K
NOI $31,656 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$415.7K
$363.7K – $485.0K
NOI $29,097 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$654.2K
$572.4K – $763.2K
NOI $45,792 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9 ft
Clear height
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
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 - Two-level residence with updated finishes, included appliances, private fenced yard, and off-street parking.
Where is this duplex located?
The property is located at 2630 NEW ORLEANS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,500‑square‑foot duplex on a 0.0764‑acre lot; Under construction with a 2026 year built; Two‑level layout with 9' ceilings on both floors
