Renovated
2645 SAINT ANN Street, New Orleans, LA 70119
For Sale
$479,000
The two-unit residence features hardwood floors, high ceilings, and a front porch.
Property Size2,720 SF
Days on Market194
Property Features for 2645 SAINT ANN Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Gross Income
Multifamily Units
Tenant in Place
Amenities
High Ceilings
Front Porch
Hardwood Floors
Building Details
Building Size
Year Built
Year Renovated
Buildings
Construction
Listing Agency:
NORF Realty LLC
Listed By:
Laura Landells Smith · License LA #995710701
(504) 722-3376
Source:
Ewbank.kw
Added: May 5
Changed: Nov 10
Last Checked: Nov 14 at 2:19AM
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 NORF Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 6 bedrooms and 4 bathrooms. A full renovation down to the studs was completed in 2016. Interior features include hardwood flooring, high ceilings, and a shotgun-style plan updated with a modern layout; the property also has a front porch. The building dates to 1900.
Whole Foods, Bayou St. John, Esplanade Avenue, and City Park are nearby.
Whole Foods, Bayou St. John, Esplanade Avenue, and City Park are nearby.
Key Highlights
- Duplex with 6 bedrooms and 4 bathrooms
- Renovated to the studs in 2016
- High ceilings, hardwood floors, and a front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,442
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,840
$688.8K
Cap Rate 7%
$492,029
$492.0K
Cap Rate 9%
$382,689
$382.7K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$53.9K $19.80/SF
− Vacancy
−$4.7K −$1.71/SF
EGI
$49.2K $18.09/SF
− OpEx
−$14.8K −$5.43/SF
NOI
$34.4K $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%
$688,840
Cap Rate 7%
$492,029
Cap Rate 9%
$382,689
Alternative Uses
Best Use
Multifamily LT 5
$492.0K
$430.5K – $574.0K
NOI $34,442 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$452.3K
$395.7K – $527.6K
NOI $31,658 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$711.7K
$622.8K – $830.4K
NOI $49,822 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,710
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
$359,300
Median Home Value
Market
Average Price Trend$/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 - The two-unit residence features hardwood floors, high ceilings, and a front porch.
Where is this duplex located?
The property is located at 2645 SAINT ANN Street New Orleans, LA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Duplex with 6 bedrooms and 4 bathrooms; Renovated to the studs in 2016; High ceilings, hardwood floors, and a front porch
