Mid-City Duplex with Private
3004-06 Conti Street New Orleans, LA 70119
For Sale
$239,000
Well-maintained duplex with separate meters and independent utility payments, each unit featuring its own laundry area.
Property Size1,297 SF
Price / SF$184.27
Days on Market156
Property Features for 3004-06 Conti Street
General Information
- Standard status
- Active
- Size
- 1,297 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1943
Listing Agency:
Realty One Group Immobilia
(504) 722-7222
Listed By:
Darren Zuppardo · License #000000101
(504) 722-7222
Source:
Compass
Added: Feb 17
Changed: Jul 23
Last Checked: Jul 23 at 7:25AM
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 Realty One Group Immobilia
Investment Insights
Based on property information with market context.
This mid-city duplex offers two separate units with all utilities separately metered, with tenants paying their own utilities. The property has been well maintained, preserving historic architectural details including antique oak hardwood floors, original wood windows, solid wood doors, and detailed trim work. Each unit includes a functional layout with light-filled living spaces and front-positioned kitchens, bathrooms located just beyond, and bedrooms toward the rear for added privacy. Separate laundry rooms for each unit connect to a spacious backyard.
The home features a front porch spanning the width of the duplex. It is described as one block from the Lafitte Greenway, and positioned moments from Bayou St. John and nearby dining, coffee shops, and entertainment.
A next-door property is also available for purchase, providing an option for buyers seeking to expand their footprint in Mid-City.
The home features a front porch spanning the width of the duplex. It is described as one block from the Lafitte Greenway, and positioned moments from Bayou St. John and nearby dining, coffee shops, and entertainment.
A next-door property is also available for purchase, providing an option for buyers seeking to expand their footprint in Mid-City.
Key Highlights
- Well‑maintained Mid‑City duplex built in 1943 with 2 bedrooms and 2 full bathrooms total (1‑story structure).
- Each unit has separate meters, and tenants pay all of their own utilities.
- Separate laundry rooms for each unit, with each unit featuring its own laundry area.
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 | $25.7k | $19.80 |
| − Vacancy | −$2.2k | −$1.71 |
| EGI | $23.5k | $18.09 |
| − OpEx | −$7.0k | −$5.43 |
| NOI | $16.4k | $12.66 |
1,297 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.6K
$205.3K – $273.7K
NOI $16,423 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$215.7K
$188.7K – $251.6K
NOI $15,096 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$339.4K
$297.0K – $396.0K
NOI $23,757 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with separate meters and independent utility payments, each unit featuring its own laundry area.
Where is this duplex located?
The property is located at 3004-06 Conti 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: Well‑maintained Mid‑City duplex built in 1943 with 2 bedrooms and 2 full bathrooms total (1‑story structure).; Each unit has separate meters, and tenants pay all of their own utilities.; Separate laundry rooms for each unit, with each unit featuring its own laundry area.
