Two-Unit Duplex with Updated
2644 Gladiolus Street, New Orleans, LA 70122
For Sale
New
$299,900
Multifamily, New Orleans, LA
Property Size1,656 SF
Lot Size0.11 Acres
Price / SF$181.10
Days on Market3
Property Features for 2644 Gladiolus Street
General Information
Property type
Property subtype
Property condition
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Roof type
Buildings
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
John C McCann · License LA #995704833
(504) 289-4810
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 11 at 7:06AM
MLS# 200SKG
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 1,656-square-foot duplex on a 0.11-acre lot contains two separate living spaces. The larger unit has three bedrooms and two bathrooms, while the second offers one bedroom and one bathroom. Central heating and central air serve the property, and the kitchen includes a cooktop, oven, microwave, and stainless steel appliances.
The property has a shingle roof, with roof, plumbing, and electrical work completed. Public water and sewer are available, along with electricity. Built in 2025, the duplex is located in New Orleans, Louisiana.
The property has a shingle roof, with roof, plumbing, and electrical work completed. Public water and sewer are available, along with electricity. Built in 2025, the duplex is located in New Orleans, Louisiana.
Key Highlights
- Two‑unit configuration: one 3‑bedroom, 2‑bathroom residence and one 1‑bedroom, 1‑bathroom unit
- 1,656 square feet on a 0.11‑acre lot
- Roof, plumbing, and electrical work completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,157
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,140
$343.1K
Cap Rate 7%
$245,100
$245.1K
Cap Rate 9%
$190,633
$190.6K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$26.8K $16.20/SF
− Vacancy
−$2.3K −$1.40/SF
EGI
$24.5K $14.80/SF
− OpEx
−$7.4K −$4.44/SF
NOI
$17.2K $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%
$343,140
Cap Rate 7%
$245,100
Cap Rate 9%
$190,633
Alternative Uses
Best Use
Multifamily LT 5
$245.1K
$214.5K – $286.0K
NOI $17,157 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$212.9K
$186.3K – $248.4K
NOI $14,903 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$433.3K
$379.2K – $505.6K
NOI $30,333 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
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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
$274,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residential units provide a three-bedroom primary layout and a separate one-bedroom apartment.
Where is this duplex located?
The property is located at 2644 Gladiolus Street New Orleans, LA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit configuration: one 3‑bedroom, 2‑bathroom residence and one 1‑bedroom, 1‑bathroom unit; 1,656 square feet on a 0.11‑acre lot; Roof, plumbing, and electrical work completed
