New Construction
For Sale
$400,000
2630 NEW ORLEANS Street, New Orleans, LA 70119
Multi-Family, Traditional, New Orleans, LA
Property Size2,500 SF
Lot Size0.08 Acres
Price / SF$160
Days on Market185
Property Features for 2630 NEW ORLEANS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
(504) 442-0734
Added: Apr 22
Changed: Oct 14
Last Checked: Oct 23 at 5:06AM
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.
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Investment Insights
Based on property information with market context.
This 2,500-square-foot duplex is under construction and scheduled with a 2026 build year. The layout features open-plan living areas, energy-efficient windows, nine-foot ceilings on both levels, and central heating and air conditioning. Each primary suite includes a built-in walk-in closet, while the bathrooms feature custom tile finishes. New stainless appliances are included.
The property occupies 0.0764 acres and includes a driveway with off-street parking, a porch, and spacious rear yards separated by new wood fencing. Public water serves the property, and the roof is shingle. Two identical adjacent duplexes are available to choose from.
The property occupies 0.0764 acres and includes a driveway with off-street parking, a porch, and spacious rear yards separated by new wood fencing. Public water serves the property, and the roof is shingle. Two identical adjacent duplexes are available to choose from.
Key Highlights
- 2,500 square feet with a 2026 build year
- Under‑construction duplex with open‑plan interiors
- Nine‑foot ceilings on both levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,656
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
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
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 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 7.91%
Second Best
Apartment 5plus
$415.7K
$363.7K – $485.0K
NOI $29,097 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$654.2K
$572.4K – $763.2K
NOI $45,792 @ 7.0% cap · market cap 11.45%
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
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
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 - Under-construction duplex with open living areas, stainless appliances, fenced yards, 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 $400,000.
What are key features of this property?
This property features: 2,500 square feet with a 2026 build year; Under‑construction duplex with open‑plan interiors; Nine‑foot ceilings on both levels
