For Sale
$279,000
2715 ACACIA Street, New Orleans, LA 70122
Multifamily, New Orleans, LA
Property Size1,925 SF
Lot Size0.20 Acres
Price / SF$144.94
Days on Market122
Property Features for 2715 ACACIA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3
Parking
2
Parking features
Off Street
Subdivision
Edgewood Park
Directions
Exit Franklin I-610, left on Franklin Ave, turn 4th street right
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
Legal Description
EDGEWOOD PARK SQ 13 LOT 39-E 72.7X120 DBLE 10/RMS A/R 2715-2721 ACACIA ST
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Floor Furnace
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1925
Number of units
2
Flooring type
Wood, Carpet, Tile
Building materials
HardiPlank Type
Architectural style
Shotgun
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Margarete G Wabnig · License #995688813
(504) 430-2178
Added: Jun 25
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 2564775
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,943
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,860
$398.9K
Cap Rate 7%
$284,900
$284.9K
Cap Rate 9%
$221,589
$221.6K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$31.2K $16.20/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$28.5K $14.80/SF
− OpEx
−$8.5K −$4.44/SF
NOI
$19.9K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,860
Cap Rate 7%
$284,900
Cap Rate 9%
$221,589
Alternative Uses
Best Use
Multifamily LT 5
$284.9K
$249.3K – $332.4K
NOI $19,943 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$247.5K
$216.5K – $288.7K
NOI $17,323 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 $279,000.
