Victorian
2756-58 Orleans Avenue, New Orleans, LA 70119
For Sale
$149,000
Multifamily, New Orleans, LA
Property Size1,100 SF
Price / SF$135.45
Days on Market21
Property Features for 2756-58 Orleans Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Standard status
Size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Jean G Michel · License LA #000022334
(504) 390-1954
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 10 at 1:06AM
MLS# 2582344
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,100-square-foot Victorian duplex was built in 1940 and includes two bedrooms and two bathrooms. Wood floors, high ceilings, pocket doors, and a pantry add character, while the kitchen has white appliances and a refrigerator. Window-unit cooling serves the property, with wood siding on the exterior.
Renovation work was completed between 2020 and 2021, including a new roof and appliances. Public water and sewer serve the property, and natural gas is available. Located on Orleans Avenue in New Orleans, the duplex is close to Bayou St. John and a short drive from City Park and the French Quarter.
Renovation work was completed between 2020 and 2021, including a new roof and appliances. Public water and sewer serve the property, and natural gas is available. Located on Orleans Avenue in New Orleans, the duplex is close to Bayou St. John and a short drive from City Park and the French Quarter.
Key Highlights
- Two‑bedroom, two‑bathroom duplex
- 1,100 square feet; built in 1940
- Victorian architectural style with wood siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,803
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,060
$256.1K
Cap Rate 7%
$182,900
$182.9K
Cap Rate 9%
$142,256
$142.3K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$25.6K $23.28/SF
− Vacancy
−$2.3K −$2.12/SF
EGI
$23.3K $21.16/SF
− OpEx
−$10.5K −$9.52/SF
NOI
$12.8K $11.64/SF
Area
ZIP 70119
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,060
Cap Rate 7%
$182,900
Cap Rate 9%
$142,256
Alternative Uses
Best Use
Multifamily LT 5
$199.0K
$174.1K – $232.2K
NOI $13,929 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$182.9K
$160.0K – $213.4K
NOI $12,803 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$287.8K
$251.9K – $335.8K
NOI $20,148 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,890
Businesses Nearby
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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
$359,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate sides support a live-in-one, rent-the-other arrangement.
Where is this duplex located?
The property is located at 2756-58 Orleans Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom duplex; 1,100 square feet; built in 1940; Victorian architectural style with wood siding
