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    Historic Duplex with Adjacent Lot Title is generated by Realmo AI

    2715 ACACIA Street, New Orleans, LA 70122

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    Claim this Listing
    New
    For Sale
    $299,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    1,925 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $155/SF
    Added:
    Jun 25, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 28 at 2:06 am

    Property Features for 2715 ACACIA Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Standard status
    Active
    APN
    38W304427
    Size
    1,925 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Description
    EDGEWOOD PARK SQ 13 LOT 39-E 72.7X120 DBLE 10/RMS A/R 2715-2721 ACACIA ST

    Utilities

    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

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    Contact an agent
    Margarete Wabnig
    Margarete Wabnig

    Listing agent Margarete Wabnig

    Listing office KELLER WILLIAMS REALTY 455-0100 3500 N Causeway Blvd Suite 350, Metairie, LA

    Listing date Jun 25, 2026

    MLS# 2564775 Listing URL

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Historic double on a double lot in Gentilly
    • Adjacent vacant lot included in the sale for added flexibility
    • Year built: 1925
    • Cooling: window unit(s)
    • Off‑street parking
    • Public water and shingle roof

    Overview

    This offering includes a historic duplex property described as a “double on a double lot,” with the adjacent vacant lot included in the sale. The duplex provides residential income potential through its two units within a single property. The combined package is positioned to support multiple buyer scenarios, including living in one side while renting the other, or purchasing for continued rental use.

    The property is located at 2715 Acacia Street in New Orleans, Louisiana (70122). The listing also notes that the adjacent vacant lot is part of the transaction, creating a larger total site for buyers who want more flexibility than a standalone structure.

    The duplex-and-lot configuration can be well-suited for owner-occupants and investors looking for options beyond a single residential asset. The adjacent lot may allow buyers to consider development-related possibilities; however, the buyer is responsible for verifying zoning, permitted uses, buildability, and all development requirements with the City of New Orleans. Additionally, any plans to combine, expand, or repurpose the site should be confirmed through the appropriate local review process.

    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 $31.2k $16.20
    − Vacancy −$2.7k −$1.40
    EGI $28.5k $14.80
    − OpEx −$8.5k −$4.44
    NOI $19.9k $10.36
    1,925 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $284.9K
    $249.3K – $332.4K (±1% cap)
    NOI $19,943 @ 7.0% cap · market cap 6.67%
    Second Best
    Apartment 5plus
    $247.5K
    $216.5K – $288.7K (±1% cap)
    NOI $17,323 @ 7.0% cap · market cap 5.79%
    Theoretical Best
    Office A
    $503.7K
    $440.8K – $587.7K (±1% cap)
    NOI $35,260 @ 7.0% cap · market cap 11.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.04702
    Latitude
    29.996506

    FAQs

    What type of property is this?
    Duplex - Income-producing duplex sold with an adjacent vacant lot, offering flexibility for living, renting, or future plans.
    Where is this duplex located?
    The property is located at 2715 ACACIA Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Historic double on a double lot in Gentilly; Adjacent vacant lot included in the sale for added flexibility; Year built: 1925
    More about this property
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