Modern Duplex with
For Sale
$449,900
2714-16 Magnolia Street, New Orleans, LA 70113
Newer duplex built 2022–23 with two leased units and driveway parking for both units.
Property Size2,950 SF
Days on Market183
Property Features for 2714-16 Magnolia Street
General Information
Standard status
Active
Size
2,950 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Building Size
2,950 SF
Year Built
2023
Stories
2
Tenancy
Multi
Listing Agency:
Compass Uptown-Maple St
(504) 307-0586
Listed By:
Cherie Juneau · License #995695343
(504) 307-0586
Source:
Nolalivingrealty
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 12 at 1:05PM
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 Compass Uptown-Maple St
Investment Insights
Based on property information with market context.
Built in 2022–23, this duplex features two leased units with finishes highlighted by crown molding, upgraded spa-style bathrooms, and custom closet buildouts. The open floor plan includes outdoor space from the upper unit via a balcony, with interior viewing possible from the kitchen. The property is offered with existing leases in place, and the buyer will assume those leases.
The rent roll is $4,000 per month, and both units are leased until the end of October 2026. Off-street parking is provided for both units in a tandem configuration (2/2), which the seller notes may accommodate up to four cars in the driveway.
For buyers seeking a newer duplex with current income and built-in outdoor space on the upper level, this is a straightforward opportunity to purchase with leases already underway.
The rent roll is $4,000 per month, and both units are leased until the end of October 2026. Off-street parking is provided for both units in a tandem configuration (2/2), which the seller notes may accommodate up to four cars in the driveway.
For buyers seeking a newer duplex with current income and built-in outdoor space on the upper level, this is a straightforward opportunity to purchase with leases already underway.
Key Highlights
- Newer duplex built in 2022–23 (YearBuilt: 2023)
- Rent roll of $4,000 per month with both units leased through the end of October 2026
- Owner‑occupy or investment option; buyer assumes the existing leases
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,354
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$747,080
$747.1K
Cap Rate 7%
$533,629
$533.6K
Cap Rate 9%
$415,044
$415.0K
Market Conditions
NOI Build-Up for 2,950 SF
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.
Gross rent
$58.4K $19.80/SF
− Vacancy
−$5.0K −$1.71/SF
EGI
$53.4K $18.09/SF
− OpEx
−$16.0K −$5.43/SF
NOI
$37.4K $12.66/SF
Area
New Orleans, LA
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$747,080
Cap Rate 7%
$533,629
Cap Rate 9%
$415,044
Alternative Uses
Best Use
Multifamily LT 5
$533.6K
$466.9K – $622.6K
NOI $37,354 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$490.5K
$429.2K – $572.3K
NOI $34,335 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$749.8K
$656.1K – $874.8K
NOI $52,485 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,760
Businesses Nearby
Explore this area
Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newer duplex built 2022–23 with two leased units and driveway parking for both units.
Where is this duplex located?
The property is located at 2714-16 Magnolia Street New Orleans, LA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Newer duplex built in 2022–23 (YearBuilt: 2023); Rent roll of $4,000 per month with both units leased through the end of October 2026; Owner‑occupy or investment option; buyer assumes the existing leases
