Income-Generating Double
2717-21 Second Street New Orleans, LA 70113
2717-21 Second Street, New Orleans, LA, 70113
$189,000
For Sale
$189,000
A well-maintained duplex with two sides, each with separate entrances and rental income potential.
Property Size1,453 SF
Price / SF$130.08
Days on Market104
Property Features for 2717-21 Second Street
General Information
- Standard status
- Active
- Size
- 1,453 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2007
Listing agency
Gulf South International, REALTORS, LLC
(504) 400-9899
Listed by
Luis Ernesto Ramos · License #912123376
(504) 400-9899
Source
Compass
Added: Apr 9 Updated: Jul 20 at 10:06PM Checked: Jul 21 at 6:49AM
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 Gulf South International, REALTORS, LLC
Investment Insights
Based on property information with market context.
This income-producing double duplex features two separate living sides, each with its own entrance. The property is described as well-maintained, with each unit in great condition and designed as comfortable living spaces for renters or owner-occupants.
The offering is located in Central City, with Public Remarks noting it is just minutes from Downtown and convenient to public transportation and local amenities.
The reported rent structure is $1,800 total, or $900 per side, supporting the property’s income component for an owner looking to offset monthly expenses.
The offering is located in Central City, with Public Remarks noting it is just minutes from Downtown and convenient to public transportation and local amenities.
The reported rent structure is $1,800 total, or $900 per side, supporting the property’s income component for an owner looking to offset monthly expenses.
Key Highlights
- Income‑producing duplex with total rents of $1,800/month ($900/month on each side)
- 2‑bed, 2‑bath duplex built in 2007 with 1 story
- Each unit has separate entrance(s)
Local Financial Insights For Apartment 5plus
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 | $33.8k | $23.28 |
| − Vacancy | −$3.1k | −$2.12 |
| EGI | $30.7k | $21.16 |
| − OpEx | −$13.8k | −$9.52 |
| NOI | $16.9k | $11.64 |
1,453 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$262.8K
$230.0K – $306.7K
NOI $18,399 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$241.6K
$211.4K – $281.9K
NOI $16,911 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$369.3K
$323.1K – $430.9K
NOI $25,851 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A well-maintained duplex with two sides, each with separate entrances and rental income potential.
Where is this duplex located?
The property is located at 2717-21 Second Street New Orleans, LA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Income‑producing duplex with total rents of $1,800/month ($900/month on each side); 2‑bed, 2‑bath duplex built in 2007 with 1 story; Each unit has separate entrance(s)
