New-Construction
For Sale
$400,000
2630 NEW ORLEANS Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size2,500 SF
Lot Size0.08 Acres
Price / SF$160
Days on Market186
Property Features for 2630 NEW ORLEANS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4
Parking
3
Parking features
Off Street
Patio and Porch features
Porch
Exterior features
Permeable Paving
Directions
Travelling East on N Broad Street, make a right on AP Turead and left on Hope then right on New Orleans
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
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
2
Architectural style
Other
Buildings
1
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Cherie Bolner · License #099564317
(504) 442-0734
Added: Apr 22
Changed: Oct 23
Last Checked: Oct 24 at 12:06AM
MLS# 2554336
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.
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Investment Insights
Based on property information with market context.
This 2,500-square-foot duplex is under construction, with completion identified for 2026. The two-level layout has open-plan living space, 9-foot ceilings on both floors, and custom tilework in the bathrooms. Stainless steel appliances are included, and primary suites have built-in walk-in closets. Central heating and air conditioning serve the property.
A driveway provides off-street parking. The rear yards are separated by new wood fencing, and the property includes a porch. The parcel measures 0.0764 acres. Two identical, adjacent duplexes are available to choose from.
A driveway provides off-street parking. The rear yards are separated by new wood fencing, and the property includes a porch. The parcel measures 0.0764 acres. Two identical, adjacent duplexes are available to choose from.
Key Highlights
- 2,500‑square‑foot duplex under construction; year built listed as 2026
- Two levels with 9‑foot ceilings on each floor
- Stainless steel appliances included
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?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two levels feature open living areas, private rear yards, and driveway 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‑foot duplex under construction; year built listed as 2026; Two levels with 9‑foot ceilings on each floor; Stainless steel appliances included
