New-Construction Duplex with FORTIFIED
3012 Republic St, New Orleans, LA 70119
For Sale
$425,000
Two residences offer open living and kitchen areas, finished with stone counters and stainless steel appliances.
Property Size2,459 SF
Price / SF$172.83
Days on Market20
Property Features for 3012 Republic St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
stone countertops
stainless steel appliances
breakfast-bar seating
freestanding soaking tub
separate glass-enclosed shower
designer tile
covered front entries
fenced backyard
Building Details
Buildings
Listing Agency:
Congress Realty
Listed By:
Jared Andrew English · License LA #0561973
(888) 881-4118
Source:
Exprealty
Added: Oct 26
Changed: Nov 11
Last Checked: Nov 12 at 11:47AM
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 Congress Realty
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Investment Insights
Based on property information with market context.
This newly built duplex contains 2,459 square feet across two units. Both feature open living and kitchen areas, white cabinetry, stone countertops, stainless steel appliances, breakfast-bar seating, and black fixtures. Bathrooms include a freestanding soaking tub, a separate glass-enclosed shower, and designer tile. Covered front entries, a fenced backyard, off-street parking, and a FORTIFIED roof complete the property.
The duplex is near the Fair Grounds Race Course and a short drive from City Park in New Orleans.
The duplex is near the Fair Grounds Race Course and a short drive from City Park in New Orleans.
Key Highlights
- New‑construction duplex with 2,459 square feet across two units
- Each unit has an open living and kitchen layout with breakfast‑bar seating
- Stone countertops, white cabinetry, stainless steel appliances, and black fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,137
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,740
$622.7K
Cap Rate 7%
$444,814
$444.8K
Cap Rate 9%
$345,967
$346.0K
Market Conditions
NOI Build-Up for 2,459 SF
Gross rent
$48.7K $19.80/SF
− Vacancy
−$4.2K −$1.71/SF
EGI
$44.5K $18.09/SF
− OpEx
−$13.3K −$5.43/SF
NOI
$31.1K $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%
$622,740
Cap Rate 7%
$444,814
Cap Rate 9%
$345,967
Alternative Uses
Best Use
Multifamily LT 5
$444.8K
$389.2K – $519.0K
NOI $31,137 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$408.9K
$357.8K – $477.0K
NOI $28,620 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$643.4K
$563.0K – $750.7K
NOI $45,041 @ 7.0% cap · market cap 10.60%
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
713
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
$359,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 residences offer open living and kitchen areas, finished with stone counters and stainless steel appliances.
Where is this duplex located?
The property is located at 3012 Republic St New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: New‑construction duplex with 2,459 square feet across two units; Each unit has an open living and kitchen layout with breakfast‑bar seating; Stone countertops, white cabinetry, stainless steel appliances, and black fixtures
