New Construction
For Sale
$565,000
Pending
3107 Toulouse St, New Orleans, LA 70112
New construction duplex with open layouts, three en suite bathrooms per unit, and multiple private outdoor spaces.
Property Size2,522 SF
Days on Market176
Property Features for 3107 Toulouse St
General Information
Standard status
Pending
Size
2,522 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Bayou St. John
Listing Agency:
Christian Shane Properties
(504) 208-5688
Listed By:
Christian Galvin · License #995718884
(504) 252-0455
Source:
Exprealty
Added: May 4
Changed: Oct 26
Last Checked: Oct 24 at 7:10PM
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 Christian Shane Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
New construction duplex offering an open floor plan in each unit, with three en suite bathrooms and quartz countertops. Interiors include stylish lighting and a full kitchen appliance package. Outdoor living is provided through front and rear porches and private balconies, with select views toward the downtown skyline mentioned in the property materials. Additional listed features include a fortified roof, surround sound, camera systems, and new home warranties.
Situated in Mid-City, the property is described as just steps from Bayou St. John, the Lafitte Greenway, and the Canal streetcar line, with easy access to neighborhood dining and area attractions.
Designed for either owner-occupancy or investment use, this turnkey duplex is presented as a complete, move-in-ready property.
Situated in Mid-City, the property is described as just steps from Bayou St. John, the Lafitte Greenway, and the Canal streetcar line, with easy access to neighborhood dining and area attractions.
Designed for either owner-occupancy or investment use, this turnkey duplex is presented as a complete, move-in-ready property.
Key Highlights
- New construction duplex built in 2024 with 2 stories
- Each unit offers an open floor plan with a full kitchen appliance package
- Six bedrooms and six full bathrooms total; each unit includes three en suite bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,935
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,700
$638.7K
Cap Rate 7%
$456,214
$456.2K
Cap Rate 9%
$354,833
$354.8K
Market Conditions
NOI Build-Up for 2,522 SF
Gross rent
$49.9K $19.80/SF
− Vacancy
−$4.3K −$1.71/SF
EGI
$45.6K $18.09/SF
− OpEx
−$13.7K −$5.43/SF
NOI
$31.9K $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%
$638,700
Cap Rate 7%
$456,214
Cap Rate 9%
$354,833
Alternative Uses
Best Use
Multifamily LT 5
$456.2K
$399.2K – $532.3K
NOI $31,935 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$419.3K
$366.9K – $489.2K
NOI $29,353 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$641.0K
$560.9K – $747.9K
NOI $44,871 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 70112, LA
4,988
Population
3,711
Households
1.3
Avg Household Size
35
Median Age
44%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
4,988
Density / Sq Mi
$23,052
Median Household Income
$36,029
Median Earnings
$1,063
Median Rent
$398,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex with open layouts, three en suite bathrooms per unit, and multiple private outdoor spaces.
Where is this duplex located?
The property is located at 3107 Toulouse St New Orleans, LA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: New construction duplex built in 2024 with 2 stories; Each unit offers an open floor plan with a full kitchen appliance package; Six bedrooms and six full bathrooms total; each unit includes three en suite bathrooms
