Modern New Construction
2919-21 Monroe Street New Orleans, LA 70118
2919-21 Monroe Street, New Orleans, LA, 70118
$499,900
For Sale
$499,900
New construction duplex near universities and Oak Street amenities.
Property Size3,105 SF
Price / SF$160
Days on Market80
Property Features for 2919-21 Monroe Street
General Information
- Standard status
- Active
- Size
- 3,105 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2026
Listing Agency
ACA Realty
(504) 232-5277
Listed by
Frank James · License #000032663
(504) 232-5277
Source
Compass
Added: Apr 29 Checked: Jul 17 at 4:00 am
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 ACA Realty
Investment Insights
Based on property information with market context.
This is a modern new construction duplex featuring an open concept design. Each of the two units contains three bedrooms and two bathrooms, with a thoughtful design and layout. The kitchens are equipped with stylish cabinets and stainless steel appliances. Recessed lighting and designer accent lighting are installed throughout each unit. The front entrance allows for ample natural light. Double-insulated windows enhance energy efficiency. The design emphasizes functionality and everyday comfort. Primary bedrooms include large walk-in closets. The property is conveniently located with easy access to both Ochsner Hospital campuses, Xavier University, Tulane University, and Loyola University. It is also situated blocks away from the commercial activity on Oak Street. The property size is 3105 square feet.
Key Highlights
- Second unit provides income potential.
- New construction with modern, open concept design.
- Convenient access to Ochsner Hospital campuses, Xavier, Tulane, and Loyola University.
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 | $61.5k | $19.80 |
| − Vacancy | −$5.3k | −$1.71 |
| EGI | $56.2k | $18.09 |
| − OpEx | −$16.9k | −$5.43 |
| NOI | $39.3k | $12.66 |
3,105 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$561.7K
$491.5K – $655.3K
NOI $39,317 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$516.3K
$451.7K – $602.3K
NOI $36,139 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$789.2K
$690.5K – $920.7K
NOI $55,243 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New construction duplex near universities and Oak Street amenities.
Where is this duplex located?
The property is located at 2919-21 Monroe Street New Orleans, LA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Second unit provides income potential.; New construction with **modern, open concept design.**; Convenient access to Ochsner Hospital campuses, Xavier, Tulane, and Loyola University.
