Six-Bedroom Duplex with Outdoor
For Sale
$480,000
2740 42 Conti St, New Orleans, LA 70119
Two three-bedroom residences feature open layouts, quartz countertops, stainless steel appliances, and contemporary interior finishes.
Property Size2,709 SF
Price / SF$177.19
Days on Market76
Property Features for 2740 42 Conti St
General Information
Standard status
Active
Size
2,709 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
stainless steel appliances
quartz counters
front porch
private balcony
walk-in closets
open floor plan
Building Details
Year Built
2019
Buildings
1
Construction
Contemporary
Listing Agency:
FQR Realtors
Listed By:
Gary Anderson · License #995700410
(504) 894-4586
Source:
Fiorellaavenue
Added: Aug 5
Changed: Oct 5
Last Checked: Oct 19 at 11:09AM
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
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Investment Insights
Based on property information with market context.
Built in 2019, this two-unit duplex contains six bedrooms and six bathrooms, with each residence arranged as a three-bedroom, three-bathroom home. Both units offer open-concept interiors, stainless steel appliances, quartz countertops, and modern finishes. Every bedroom includes an ensuite bathroom and walk-in closet. A front porch serves the lower residence, while the upper unit includes a private balcony. Tenants are currently in place.
The property is located at 2740 42 Conti St in New Orleans, one block from the Lafitte Greenway and Whole Foods. City Park, the Fairgrounds, the Canal Streetcar Line, Bayou Beer Garden, the Endymion Parade Route, shops, and restaurants are also identified nearby. The property is in Flood Zone X and may suit an owner-occupant or investor seeking two separate residences.
The property is located at 2740 42 Conti St in New Orleans, one block from the Lafitte Greenway and Whole Foods. City Park, the Fairgrounds, the Canal Streetcar Line, Bayou Beer Garden, the Endymion Parade Route, shops, and restaurants are also identified nearby. The property is in Flood Zone X and may suit an owner-occupant or investor seeking two separate residences.
Key Highlights
- Two‑unit duplex with 6 bedrooms and 6 bathrooms
- Each unit offers a 3‑bedroom, 3‑bathroom layout
- Every bedroom includes an ensuite bathroom and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,303
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,060
$686.1K
Cap Rate 7%
$490,043
$490.0K
Cap Rate 9%
$381,144
$381.1K
Market Conditions
NOI Build-Up for 2,709 SF
Gross rent
$53.6K $19.80/SF
− Vacancy
−$4.6K −$1.71/SF
EGI
$49.0K $18.09/SF
− OpEx
−$14.7K −$5.43/SF
NOI
$34.3K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,060
Cap Rate 7%
$490,043
Cap Rate 9%
$381,144
Alternative Uses
Best Use
Multifamily LT 5
$490.0K
$428.8K – $571.7K
NOI $34,303 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$450.4K
$394.1K – $525.5K
NOI $31,530 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$708.9K
$620.3K – $827.0K
NOI $49,620 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,599
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
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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 - Two three-bedroom residences feature open layouts, quartz countertops, stainless steel appliances, and contemporary interior finishes.
Where is this duplex located?
The property is located at 2740 42 Conti St New Orleans, LA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two‑unit duplex with 6 bedrooms and 6 bathrooms; Each unit offers a 3‑bedroom, 3‑bathroom layout; Every bedroom includes an ensuite bathroom and walk‑in closet
