New Orleans Duplex For
For Sale
$469,000
2732 IBERVILLE Street, New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
Property Size2,462 SF
Price / SF$190.50
Days on Market135
Property Features for 2732 IBERVILLE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch
Exterior features
Balcony, Porch
Lot features
Regular
Subdivision
Mid City
Standard status
Active
APN
206204304
Size
2,462 SF
Taxes and HOA fees
Tax Description
As per title
Legal Description
As per title
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Christian Shane Properties
(504) 208-5688
Listed By:
Christian Galvin · License #995718884
(504) 208-5688
Added: Mar 18
Changed: May 14
Last Checked: Jul 30 at 11:06PM
MLS# 2545666
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.
Investment Insights
Based on property information with market context.
This newly constructed duplex in New Orleans' Mid-City presents an investment opportunity or a home with income potential. The property offers convenient access to downtown New Orleans, City Park, the Fairgrounds, the Lafitte Greenway, and various dining options. The Canal Streetcar line is located just 5 blocks away. Each unit features 3 bedrooms and 3 baths, along with in-unit washer/dryer hookups. The units include an open kitchen/living area, LVP flooring, quartz countertops, and stainless-steel appliances. Located in an X Flood Zone, the property is designed with modern finishes. The building's construction aims to help reduce insurance costs. The property, with a size of 2462 square feet, is suitable for buyers seeking a turnkey rental property or an income-generating home.
Key Highlights
- New construction duplex in desirable Mid‑City location.
- Income‑generating potential to offset mortgage or as a turnkey rental property.
- Each unit features 3 bedrooms and 3 baths with in‑unit washer/dryer hookups.
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 | $48.7k | $19.80 |
| − Vacancy | −$4.2k | −$1.71 |
| EGI | $44.5k | $18.09 |
| − OpEx | −$13.4k | −$5.43 |
| NOI | $31.2k | $12.66 |
2,462 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$445.4K
$389.7K – $519.6K
NOI $31,175 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$409.4K
$358.2K – $477.6K
NOI $28,655 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$644.2K
$563.7K – $751.6K
NOI $45,096 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
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 - New construction duplex in Mid-City, great investment opportunity.
Where is this duplex located?
The property is located at 2732 IBERVILLE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: New construction duplex in desirable Mid‑City location.; Income‑generating potential to offset mortgage or as a turnkey rental property.; Each unit features **3 bedrooms and 3 baths with in‑unit washer/dryer hookups.**
