Renovated Duplex with Owner
For Sale
$699,000
2728 General Pershing St, New Orleans, LA 70115
One residence is leased through February 2027, while the adjoining unit supports owner occupancy.
Property Size3,369 SF
Price / SF$207.48
Days on Market49
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Property Features for 2728 General Pershing St
General Information
Standard status
Active
Size
3,369 SF
Property subtype
Multi-Family
Building Details
Year Built
1921
Year Renovated
2020
Listing Agency:
Tuxor Realty
(713) 893-5580
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 14 at 11:35PM
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 Tuxor Realty
Investment Insights
Based on property information with market context.
This 3,369-square-foot duplex at 2728 General Pershing St. and 2730 General Pershing was renovated in 2020. The interior includes a custom kitchen, connected living and den areas, a bar, and an oversized rear porch that extends the usable entertaining space outdoors.
The primary suite features a custom walk-in closet, dedicated vanity area, marble finishes, and upgraded fixtures. The arrangement supports an owner-occupant in one unit while the adjacent residence at 2728 General Pershing is leased through February 2027. The property was built in 1921 and is located in New Orleans’ Freret Street neighborhood.
The primary suite features a custom walk-in closet, dedicated vanity area, marble finishes, and upgraded fixtures. The arrangement supports an owner-occupant in one unit while the adjacent residence at 2728 General Pershing is leased through February 2027. The property was built in 1921 and is located in New Orleans’ Freret Street neighborhood.
Key Highlights
- 3,369‑square‑foot duplex renovated in 2020
- One unit is leased through February 2027
- Owner‑occupancy setup with an adjacent rented unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,957
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,140
$579.1K
Cap Rate 7%
$413,671
$413.7K
Cap Rate 9%
$321,744
$321.7K
Market Conditions
NOI Build-Up for 3,369 SF
Gross rent
$45.3K $13.44/SF
− Vacancy
−$3.9K −$1.16/SF
EGI
$41.4K $12.28/SF
− OpEx
−$12.4K −$3.68/SF
NOI
$29.0K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,140
Cap Rate 7%
$413,671
Cap Rate 9%
$321,744
Alternative Uses
Best Use
Multifamily LT 5
$413.7K
$362.0K – $482.6K
NOI $28,957 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$366.7K
$320.9K – $427.8K
NOI $25,669 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$888.8K
$777.7K – $1.04M
NOI $62,219 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,672
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased through February 2027, while the adjoining unit supports owner occupancy.
Where is this duplex located?
The property is located at 2728 General Pershing St New Orleans, LA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,369‑square‑foot duplex renovated in 2020; One unit is leased through February 2027; Owner‑occupancy setup with an adjacent rented unit
