2672 Mexico Street, New Orleans, LA 70122
A two-unit duplex with long-term tenants, offering steady rental income potential.
- Added:
- May 24, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 6 at 2:00 am
Property Features for 2672 Mexico Street
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1945
Listing agent Pete Hamilton License #000037010 (504) 915-5014
Listing office Hamilton Realty Company, LLC (504) 915-5014
Listing date May 24, 2026
Source Compass
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 Hamilton Realty Company, LLC
HighLights
- 2‑unit duplex with 3 total bedrooms and 2 full bathrooms
- Both units currently rented to long‑term tenants
- Year built 1945
- 1‑story structure with porch
- Central heating and central air
- Asphalt roof with pillar/post/pier foundation
Overview
The duplex is located at 2672 Mexico Street in New Orleans, Louisiana (70122). As reflected in the current rent structure, the remarks indicate rents are below general market data, which may be relevant to buyers evaluating current income versus market benchmarks.
For investors or owner-operators seeking a smaller multifamily holding, the appeal here is the immediate occupancy with established tenants. Because both sides are already under lease, the property can be evaluated as an income-producing duplex with ongoing rent collection. Prospective buyers should review current lease terms and tenant arrangements during their due diligence, particularly given the note that current rents are below general market data rents.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.7k | $16.20 |
| − Vacancy | −$2.0k | −$1.40 |
| EGI | $20.7k | $14.80 |
| − OpEx | −$6.2k | −$4.44 |
| NOI | $14.5k | $10.36 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0498637
- Latitude
- 30.0237253
