Leased Duplex with
For Sale
$385,000
3213 15 Toledano Street, New Orleans, LA 70125
Fully leased up-and-down duplex with two units, each offering 3 bedrooms and 2 full baths.
Days on Market84
Property Features for 3213 15 Toledano Street
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Building Size
2,475 SF
Year Built
2025
Stories
2
Listing Agency:
Keller Williams Realty 455-0100
(504) 517-6292
Listed By:
Maya Madison · License #995693263
(504) 517-6292
Source:
Nolalivingrealty
Added: May 9
Changed: Jul 26
Last Checked: Jul 30 at 12:07PM
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.
New construction duplex with an up-and-down layout and both units fully leased. Each unit provides 3 bedrooms and 2 full baths, with stainless steel appliances, stone countertops, and open-concept living spaces. The upstairs unit includes a private balcony and 9-foot ceilings. The downstairs unit features 10-foot ceilings and offers lots of storage.
Located in New Orleans, the property has a long driveway that provides off-street parking for two cars in the rear.
With a simple two-unit configuration and modern finishes throughout, this duplex is designed for straightforward day-to-day operation while maintaining separate, self-contained living spaces for each floor.
Located in New Orleans, the property has a long driveway that provides off-street parking for two cars in the rear.
With a simple two-unit configuration and modern finishes throughout, this duplex is designed for straightforward day-to-day operation while maintaining separate, self-contained living spaces for each floor.
Key Highlights
- New construction duplex built in 2025, fully leased up‑and‑down with two units
- Each unit has 3 bedrooms and 2 full baths
- Both units feature stainless steel appliances and stone countertops
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 | $49.0k | $19.80 |
| − Vacancy | −$4.2k | −$1.71 |
| EGI | $44.8k | $18.09 |
| − OpEx | −$13.4k | −$5.43 |
| NOI | $31.3k | $12.66 |
2,475 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$447.7K
$391.8K – $522.3K
NOI $31,340 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$411.5K
$360.1K – $480.1K
NOI $28,806 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$629.1K
$550.4K – $733.9K
NOI $44,034 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,692
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 - Fully leased up-and-down duplex with two units, each offering 3 bedrooms and 2 full baths.
Where is this duplex located?
The property is located at 3213 15 Toledano Street New Orleans, LA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: New construction duplex built in 2025, fully leased up‑and‑down with two units; Each unit has 3 bedrooms and 2 full baths; Both units feature stainless steel appliances and stone countertops
