New Construction
3107 Toulouse Street New Orleans, LA 70119
For Sale
$580,000
New construction duplex with open layouts, three en suite bathrooms per unit, and multiple private outdoor spaces.
Property Size2,522 SF
Price / SF$229.98
Days on Market88
Property Features for 3107 Toulouse Street
General Information
- Standard status
- Active
- Size
- 2,522 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2024
Listing Agency:
Christian Shane Properties
(504) 252-0455
Listed By:
Christian Galvin · License #995718884
(504) 252-0455
Source:
Compass
Added: Apr 27
Changed: Jul 23
Last Checked: Jul 23 at 2:10PM
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
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 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 | $49.9k | $19.80 |
| − Vacancy | −$4.3k | −$1.71 |
| EGI | $45.6k | $18.09 |
| − OpEx | −$13.7k | −$5.43 |
| NOI | $31.9k | $12.66 |
2,522 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.2K
$399.2K – $532.3K
NOI $31,935 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$419.3K
$366.9K – $489.2K
NOI $29,353 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$659.9K
$577.4K – $769.9K
NOI $46,195 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 Street New Orleans, LA.
What is the asking price?
The asking price for this property is $580,000.
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
