Contemporary Duplex with
2740-42 Conti Street New Orleans, LA 70119
2740-42 Conti Street, New Orleans, LA, 70119
$484,000
For Sale
$484,000
Modern duplex with two 3-bedroom, 3-bath units, each with ensuite bedrooms, plus a front porch and private balcony.
Property Size2,709 SF
Price / SF$178.66
Days on Market332
Property Features for 2740-42 Conti Street
General Information
- Standard status
- Active
- Size
- 2,709 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2020
Listing agency
FQR Realtors
(504) 894-4586
Listed by
Gary Anderson · License #995700410
(504) 894-4586
Source
Compass
Added: Aug 26, 2025 Updated: Jul 22 at 7:05PM Checked: Jul 22 at 7:05PM
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 FQR Realtors
Investment Insights
Based on property information with market context.
Contemporary mid-city duplex offering two separate 3-bedroom, 3-bathroom units, for a total of 6 bedrooms and 6 bathrooms. Each unit features an open floor plan with stainless steel appliances and quartz counters, and every bedroom includes its own ensuite bath and walk-in closet. The downstairs unit includes a front porch, while the upstairs unit offers a private balcony.
The property is described as being located about one block from the Lafitte Greenway and Whole Foods, and steps from City Park, the Fairgrounds & Jazz Fest, and the Canal Streetcar Line. The remarks also note proximity to Bayou Beer Garden and the Endymion Parade route.
The duplex is less than 6 years young and is listed as being in Flood Zone X. Tenants are in place, and the provided photos are from when the home was vacant.
The property is described as being located about one block from the Lafitte Greenway and Whole Foods, and steps from City Park, the Fairgrounds & Jazz Fest, and the Canal Streetcar Line. The remarks also note proximity to Bayou Beer Garden and the Endymion Parade route.
The duplex is less than 6 years young and is listed as being in Flood Zone X. Tenants are in place, and the provided photos are from when the home was vacant.
Key Highlights
- 2020‑built contemporary duplex with 2 units and 6 total bedrooms/6 total bathrooms
- Each unit features a 3‑bedroom, 3‑bath layout with an open floor plan, stainless steel appliances, and quartz counters
- Every bedroom includes an ensuite bath and walk‑in closet
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 | $53.6k | $19.80 |
| − Vacancy | −$4.6k | −$1.71 |
| EGI | $49.0k | $18.09 |
| − OpEx | −$14.7k | −$5.43 |
| NOI | $34.3k | $12.66 |
2,709 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$490.0K
$428.8K – $571.7K
NOI $34,303 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$450.4K
$394.1K – $525.5K
NOI $31,530 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$708.9K
$620.3K – $827.0K
NOI $49,620 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Modern duplex with two 3-bedroom, 3-bath units, each with ensuite bedrooms, plus a front porch and private balcony.
Where is this duplex located?
The property is located at 2740-42 Conti Street New Orleans, LA.
What is the asking price?
The asking price for this property is $484,000.
What are key features of this property?
This property features: 2020‑built contemporary duplex with 2 units and 6 total bedrooms/6 total bathrooms; Each unit features a 3‑bedroom, 3‑bath layout with an open floor plan, stainless steel appliances, and quartz counters; Every bedroom includes an ensuite bath and walk‑in closet
