Multifamily Income
For Sale
$239,000
2749 SAINT PETER Street, New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
Property Size1,303 SF
Lot Size0.04 Acres
Price / SF$183.42
Days on Market47
Property Features for 2749 SAINT PETER Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Lot features
Regular
Subdivision
Mid-City
Standard status
Active
APN
207200414
Size
1,303 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
SQ 358 LOT 13-B ST PETER 30X57
Legal Description
SQ 358 LOT 13-B ST PETER 30X57
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Susan Tiblier · License #000005548
(504) 908-5037
Added: Jun 14
Changed: Jun 15
Last Checked: Jul 30 at 10:06PM
MLS# 2557731
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 for-sale multifamily property is listed as a residential income asset with a total size of 1,303 square feet and a lot size of 0.0393 acres. The listing notes versatile living arrangements, supporting scenarios such as owner occupancy, long-term rental use, or short-term rental possibilities. The property is positioned as a way to own in a character-rich New Orleans setting, with buyers encouraged to confirm local requirements before pursuing any short-term use.
The property is located at 2749 Saint Peter Street in New Orleans, LA 70119 (Orleans Parish). The listing describes the surrounding area as convenient to dining, entertainment, shopping, and cultural attractions, which may be relevant to tenants and operators considering different rental strategies. Any decision to proceed should also account for local zoning and short-term rental regulations.
From a tenant and operator standpoint, the asset’s multifamily/residential income framing and the stated flexibility make it worth reviewing if you’re looking for a property that could support either long-term tenancy or short-term rental operations. Because the listing specifically flags the need to verify short-term rental rules, due diligence on zoning and allowable use should be part of your evaluation before committing.
The property is located at 2749 Saint Peter Street in New Orleans, LA 70119 (Orleans Parish). The listing describes the surrounding area as convenient to dining, entertainment, shopping, and cultural attractions, which may be relevant to tenants and operators considering different rental strategies. Any decision to proceed should also account for local zoning and short-term rental regulations.
From a tenant and operator standpoint, the asset’s multifamily/residential income framing and the stated flexibility make it worth reviewing if you’re looking for a property that could support either long-term tenancy or short-term rental operations. Because the listing specifically flags the need to verify short-term rental rules, due diligence on zoning and allowable use should be part of your evaluation before committing.
Key Highlights
- Central heating and central air conditioning
- Home built in 1940
- Public water source
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 | $25.8k | $19.80 |
| − Vacancy | −$2.2k | −$1.71 |
| EGI | $23.6k | $18.09 |
| − OpEx | −$7.1k | −$5.43 |
| NOI | $16.5k | $12.66 |
1,303 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$235.7K
$206.2K – $275.0K
NOI $16,499 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$216.6K
$189.6K – $252.8K
NOI $15,165 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$341.0K
$298.3K – $397.8K
NOI $23,867 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,890
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - For-sale multifamily property offering flexible living and rental options in New Orleans, subject to local regulations.
Where is this duplex located?
The property is located at 2749 SAINT PETER Street New Orleans, LA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Central heating and central air conditioning; Home built in 1940; Public water source
