New Construction Duplex with
3105-07 Toulouse Street New Orleans, LA 70119
3105-07 Toulouse Street, New Orleans, LA, 70119
$589,000
For Sale
$589,000
Two-unit, new construction property features separate 3-bedroom layouts with private bathrooms and multiple outdoor living areas.
Property Size2,750 SF
Price / SF$214.18
Days on Market143
Property Features for 3105-07 Toulouse Street
General Information
- Standard status
- Active
- Size
- 2,750 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2025
Listing agency
KELLER WILLIAMS REALTY 455-0100
(504) 402-3661
Listed by
Victoria Rochon · License #995719123
(504) 402-3661
Source
Compass
Added: Mar 2 Updated: Jul 23 at 2:51AM Checked: Jul 23 at 2:51AM
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 455-0100
Investment Insights
Based on property information with market context.
This new construction duplex offers two separate units, each with three bedrooms and its own private bathrooms. The design includes both front and back porches, as well as balconies with city views. Modern finishes and building features noted in the remarks include a Fortified roof, quartz counters, and a full appliance package. Built-in security, along with surround sound, is also described as already in place.
The property is described as being within walking distance of local favorites, with easy access to the Canal streetcar, and is approximately 2.5 blocks from the Bayou and 1 block from the Greenway.
The listing is presented as suitable for both investors and owner-occupants, with the option to live in one unit and rent the other. A virtual tour is included in the attachments, and the owner is identified as a licensed real estate agent.
The property is described as being within walking distance of local favorites, with easy access to the Canal streetcar, and is approximately 2.5 blocks from the Bayou and 1 block from the Greenway.
The listing is presented as suitable for both investors and owner-occupants, with the option to live in one unit and rent the other. A virtual tour is included in the attachments, and the owner is identified as a licensed real estate agent.
Key Highlights
- New construction 2‑unit property built in 2025 with 2 stories
- Each unit features 3 bedrooms with private bathrooms; total of 6 bedrooms and 6 full bathrooms
- Central heating and central air, with in‑unit laundry
Local 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 | $54.5k | $19.80 |
| − Vacancy | −$4.7k | −$1.71 |
| EGI | $49.7k | $18.09 |
| − OpEx | −$14.9k | −$5.43 |
| NOI | $34.8k | $12.66 |
2,750 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$497.5K
$435.3K – $580.4K
NOI $34,822 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$457.2K
$400.1K – $533.5K
NOI $32,007 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$719.6K
$629.6K – $839.5K
NOI $50,371 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit, new construction property features separate 3-bedroom layouts with private bathrooms and multiple outdoor living areas.
Where is this duplex located?
The property is located at 3105-07 Toulouse Street New Orleans, LA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: New construction 2‑unit property built in 2025 with 2 stories; Each unit features 3 bedrooms with private bathrooms; total of 6 bedrooms and 6 full bathrooms; Central heating and central air, with in‑unit laundry
