Two-Unit Duplex
2672 Mexico Street New Orleans, LA 70122
For Sale
$185,000
A two-unit duplex with long-term tenants, offering steady rental income potential.
Property Size1,400 SF
Price / SF$132.14
Days on Market94
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 Agency:
Hamilton Realty Company, LLC
(504) 915-5014
Listed By:
Pete Hamilton · License #000037010
(504) 915-5014
Source:
Compass
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 23 at 10:57AM
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
Investment Insights
Based on property information with market context.
This two-unit duplex is currently fully occupied, with both units rented to long-term tenants. The property is positioned as a residential income asset, supported by existing in-place tenants rather than requiring immediate leasing-up. It offers a total property size of 1,400 square feet.
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.
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.
Key Highlights
- 2‑unit duplex with 3 total bedrooms and 2 full bathrooms
- Both units currently rented to long‑term tenants
- Year built 1945
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 |
1,400 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$207.2K
$181.3K – $241.7K
NOI $14,504 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$180.0K
$157.5K – $210.0K
NOI $12,599 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$366.3K
$320.6K – $427.4K
NOI $25,644 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - A two-unit duplex with long-term tenants, offering steady rental income potential.
Where is this duplex located?
The property is located at 2672 Mexico Street New Orleans, LA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 2‑unit duplex with 3 total bedrooms and 2 full bathrooms; Both units currently rented to long‑term tenants; Year built 1945
