Duplex with Accessory
New
For Sale
$525,000
3020 22 LAUREL Street, New Orleans, LA 70115
A fenced rear yard and a detached utility-served structure complement the property’s renovated interior and exterior.
Property Size2,012 SF
Days on Market7
Property Features for 3020 22 LAUREL Street
General Information
Standard status
Active
Size
2,012 SF
Property subtype
Duplex
Amenities
covered front porch
fully fenced backyard
accessory structure
landscaping
irrigation
Building Details
Building Size
2,012 SF
Year Built
1923
Listing Agency:
Keller Williams Realty New Orleans
Listed By:
Michael Styles · License #995690479
(504) 777-1773
Source:
Ewbank.kw
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 7 at 8:56AM
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 Keller Williams Realty New Orleans
Investment Insights
Based on property information with market context.
Built in 1923, this duplex combines original hardwood flooring, vaulted ceilings, exposed brick, and wrought-iron fencing with a renovated kitchen and new appliances. Improvements include a fortified roof with new decking completed in 2025, two replacement HVAC systems with ductwork, repaired siding, and fresh exterior paint. The property also has landscaping with irrigation and a covered front porch.
A fully enclosed backyard contains an accessory structure served by electricity, plumbing, and gas. The property is in Flood Zone X, a short walk from Magazine Street shops and restaurants, with access to the Uptown parade route and the French Quarter.
A fully enclosed backyard contains an accessory structure served by electricity, plumbing, and gas. The property is in Flood Zone X, a short walk from Magazine Street shops and restaurants, with access to the Uptown parade route and the French Quarter.
Key Highlights
- Duplex built in 1923
- Fortified roof and new decking completed in 2025
- Two new HVAC systems and ductwork
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,293
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,860
$345.9K
Cap Rate 7%
$247,043
$247.0K
Cap Rate 9%
$192,144
$192.1K
Market Conditions
NOI Build-Up for 2,012 SF
Gross rent
$27.0K $13.44/SF
− Vacancy
−$2.3K −$1.16/SF
EGI
$24.7K $12.28/SF
− OpEx
−$7.4K −$3.68/SF
NOI
$17.3K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,860
Cap Rate 7%
$247,043
Cap Rate 9%
$192,144
Alternative Uses
Best Use
Multifamily LT 5
$247.0K
$216.2K – $288.2K
NOI $17,293 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$219.0K
$191.6K – $255.5K
NOI $15,330 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$530.8K
$464.5K – $619.3K
NOI $37,158 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A fenced rear yard and a detached utility-served structure complement the property’s renovated interior and exterior.
Where is this duplex located?
The property is located at 3020 22 LAUREL Street New Orleans, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex built in 1923; Fortified roof and new decking completed in 2025; Two new HVAC systems and ductwork
