Brand-New Duplex with
For Sale
$325,000
3030 First Street, New Orleans, LA 70125
New construction duplex with 2-bed, 1.5-bath units, including a front porch and a second-floor balcony.
Property Size1,620 SF
Price / SF$200.62
Days on Market280
Property Features for 3030 First Street
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Residential / Detached Single Family / Single Family Home
Additional Details
Highway Access
Yes
Clear Height
10 ft
Multifamily Units
2
Amenities
Central Air
Central
2
4
2/2
Asphalt
Pillar/Post/Pier
HardiPlank Type
Building Details
Year Built
2026
Tenancy
Multi
Listing Agency:
Congress Realty, Inc
Listed By:
Jared English · License #20608
(888) 881-4118
Source:
Compass
Added: Nov 29, 2025
Changed: Aug 9
Last Checked: Aug 8 at 11:40AM
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, Inc
Investment Insights
Based on property information with market context.
Brand-new construction duplex offering two distinct unit layouts. Each unit features 2 bedrooms and 1.5 bathrooms. Interior finishes include quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and 10-foot ceilings. Exterior features include a spacious front porch, and one unit offers a second-floor balcony.
The property is located in Uptown and is described as being minutes from I-10, Starbucks, and a quick drive to downtown New Orleans.
For durability and insurance considerations, the structure includes a Fortified roof designed to add enhanced storm protection.
The property is located in Uptown and is described as being minutes from I-10, Starbucks, and a quick drive to downtown New Orleans.
For durability and insurance considerations, the structure includes a Fortified roof designed to add enhanced storm protection.
Key Highlights
- Brand new 2‑story duplex built in 2026 with Central Air and Central heating
- Each unit offers 2 bedrooms and 1.5 bathrooms (4 bedrooms, 4 total bathrooms across the duplex)
- Unit layouts include one single‑story unit and one two‑story unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,513
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,260
$410.3K
Cap Rate 7%
$293,043
$293.0K
Cap Rate 9%
$227,922
$227.9K
Market Conditions
NOI Build-Up for 1,620 SF
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.
Gross rent
$32.1K $19.80/SF
− Vacancy
−$2.8K −$1.71/SF
EGI
$29.3K $18.09/SF
− OpEx
−$8.8K −$5.43/SF
NOI
$20.5K $12.66/SF
Area
New Orleans, LA
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,260
Cap Rate 7%
$293,043
Cap Rate 9%
$227,922
Alternative Uses
Best Use
Multifamily LT 5
$293.0K
$256.4K – $341.9K
NOI $20,513 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$269.4K
$235.7K – $314.3K
NOI $18,855 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$411.8K
$360.3K – $480.4K
NOI $28,823 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
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 - New construction duplex with 2-bed, 1.5-bath units, including a front porch and a second-floor balcony.
Where is this duplex located?
The property is located at 3030 First Street New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Brand new 2‑story duplex built in 2026 with Central Air and Central heating; Each unit offers 2 bedrooms and 1.5 bathrooms (4 bedrooms, 4 total bathrooms across the duplex); Unit layouts include one single‑story unit and one two‑story unit
