Two-Story Duplex with
For Sale
$750,000
304-06 WALNUT Street, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size3,590 SF
Lot Size0.08 Acres
Price / SF$208.91
Days on Market76
Property Features for 304-06 WALNUT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2
Parking
2
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Permeable Paving
Directions
Driving down Broadway from St. Charles take a left on Coliseum and a left on Walnut
Standard status
Active
APN
306-WALNUTST
Size
3,590 SF
Lot size
0.08 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Description
GREENVILLE SQ 31 LOT R 2. WALNUT 30X120 3. 304-06 WALNUT ST
Legal Description
GREENVILLE SQ 31 LOT R 2. WALNUT 30X120 3. 304-06 WALNUT ST
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1926
Number of units
2
Building materials
Stucco
Architectural style
Other
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Sarah H Keiffer · License #995693332
(225) 270-0438
Added: Aug 9
Changed: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 2571066
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,590-square-foot duplex is arranged across two upper levels and a basement on a 30 x 120-foot lot. The upper floors contain two bedrooms and one bathroom, while the basement has a partial build-out with three bedrooms and two bathrooms. A front porch, driveway parking, and separate meters are also in place. The building dates to 1926 and is being sold as-is; window units provide cooling.
The property is across from Audubon Park at 304-06 Walnut Street in New Orleans. It is in the X Flood Zone. Public water and sewer serve the property, and natural gas is available.
The property is across from Audubon Park at 304-06 Walnut Street in New Orleans. It is in the X Flood Zone. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- 3,590‑square‑foot duplex on a 30 x 120‑foot lot
- Two upper levels with 2 bedrooms and 1 bath
- Partially built‑out basement with 3 bedrooms and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,458
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,160
$909.2K
Cap Rate 7%
$649,400
$649.4K
Cap Rate 9%
$505,089
$505.1K
Market Conditions
NOI Build-Up for 3,590 SF
Gross rent
$71.1K $19.80/SF
− Vacancy
−$6.1K −$1.71/SF
EGI
$64.9K $18.09/SF
− OpEx
−$19.5K −$5.43/SF
NOI
$45.5K $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 Rate 5%
$909,160
Cap Rate 7%
$649,400
Cap Rate 9%
$505,089
Alternative Uses
Best Use
Multifamily LT 5
$649.4K
$568.2K – $757.6K
NOI $45,458 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$596.9K
$522.3K – $696.4K
NOI $41,783 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$912.5K
$798.4K – $1.06M
NOI $63,872 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
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Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate meters, a front porch, and driveway parking are among the property's existing features.
Where is this duplex located?
The property is located at 304-06 WALNUT Street New Orleans, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,590‑square‑foot duplex on a 30 x 120‑foot lot; Two upper levels with 2 bedrooms and 1 bath; Partially built‑out basement with 3 bedrooms and 2 baths
