Contemporary New Construction
For Sale
$385,000
3213 TOLEDANO Street, New Orleans, LA 70125
Multi-Family, Contemporary, New Orleans, LA
Property Size2,475 SF
Lot Size0.08 Acres
Price / SF$155.56
Days on Market152
Property Features for 3213 TOLEDANO Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Exterior features
Fence
Fencing
Fenced
Lot features
Regular
Standard status
Active
APN
412402912
Size
2,475 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
SQ 439 LOT 16 TOLEDANO 31X114 OVER 119
Legal Description
SQ 439 LOT 16 TOLEDANO 31X114 OVER 119
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
stainless steel appliances
stone countertops
open-concept living spaces
private balcony
9-foot ceilings
10-foot ceilings
storage
Building Details
Year built
2025
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Maya Madison · License #995693263
(504) 517-6292
Added: May 9
Changed: Sep 15
Last Checked: Oct 7 at 9:06PM
MLS# 2556973
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed as a contemporary duplex in 2025, this 2,475-square-foot property contains two residences with matching three-bedroom, two-bath layouts. Each unit includes stainless steel appliances, stone countertops, and open-concept living areas. The upper residence adds a private balcony and 9-foot ceilings, while the lower residence provides 10-foot ceilings and substantial storage. Both homes are connected to central heating and central air, with public water service and a shingle roof.
The 0.0829-acre parcel is fenced and includes a long driveway leading to rear off-street parking for two cars. The property is fully leased, providing an established rental setup for the next owner.
The 0.0829-acre parcel is fenced and includes a long driveway leading to rear off-street parking for two cars. The property is fully leased, providing an established rental setup for the next owner.
Key Highlights
- Two‑unit property with 3 bedrooms and 2 full baths in each residence
- 2,475 square feet on a 0.0829‑acre parcel
- Built in 2025 with contemporary architectural design
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,340
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,800
$626.8K
Cap Rate 7%
$447,714
$447.7K
Cap Rate 9%
$348,222
$348.2K
Market Conditions
NOI Build-Up for 2,475 SF
Gross rent
$49.0K $19.80/SF
− Vacancy
−$4.2K −$1.71/SF
EGI
$44.8K $18.09/SF
− OpEx
−$13.4K −$5.43/SF
NOI
$31.3K $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%
$626,800
Cap Rate 7%
$447,714
Cap Rate 9%
$348,222
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
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences offer modern finishes, private outdoor space, and rear off-street parking.
Where is this duplex located?
The property is located at 3213 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: Two‑unit property with 3 bedrooms and 2 full baths in each residence; 2,475 square feet on a 0.0829‑acre parcel; Built in 2025 with contemporary architectural design
