Two-Unit Duplex With Original
For Sale
$299,000
326 SEGUIN Street New, New Orleans, LA 70114
Tenant-occupied duplex with private entrances, off-street parking, separate storage, and shared outdoor space near the Algiers Ferry.
Property Size2,061 SF
Price / SF$145.08
Days on Market103
Property Features for 326 SEGUIN Street New
General Information
Standard status
Active
Size
2,061 SF
Total Parking Spaces
2
Property subtype
Duplex
Amenities
high ceilings
abundant natural light
original wood flooring
private entrance
separate laundry/storage space
shared backyard
covered patio
deck
lush landscaping
whimsical trees
scenic river views
Central Air
Central
Window Unit(s)
Natural Gas Available
Building Details
Year Built
1928
Buildings
1
Tenancy
Multi
Listed By:
Brittany Picolo-Ramos · License #995687117
(504) 300-5179
Source:
Kw
Added: Jul 10
Changed: Oct 19
Last Checked: Oct 19 at 4:34AM
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 Brittany Picolo-Ramos
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Investment Insights
Based on property information with market context.
Built in 1928, this tenant-occupied duplex contains two two-bedroom, one-bath residences totaling approximately 2,061 living square feet. Each unit is approximately 1,030 square feet and includes separate entry, living and dining rooms, a kitchen with pantry space, multiple closets, dedicated laundry or storage space, and original wood flooring. High ceilings and substantial natural light complement the layout. One residence has central air and heat installed approximately a year ago, while the other uses window air-conditioning units.
The property sits in Algiers Point, approximately 20 feet from Congregation Coffee and two blocks from the Algiers Ferry. The levee is about a block and a half away, with river views and passing boat traffic. Exterior features include dedicated off-street parking for each residence, additional street parking for guests, and a shared backyard with a covered patio, deck, and landscaped setting.
The property sits in Algiers Point, approximately 20 feet from Congregation Coffee and two blocks from the Algiers Ferry. The levee is about a block and a half away, with river views and passing boat traffic. Exterior features include dedicated off-street parking for each residence, additional street parking for guests, and a shared backyard with a covered patio, deck, and landscaped setting.
Key Highlights
- Two‑bedroom, one‑bath units with approximately 1,030 square feet per residence
- Approximately 2,061 living square feet across the duplex
- Private entrances, dedicated off‑street parking, and separate laundry/storage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,097
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,940
$521.9K
Cap Rate 7%
$372,814
$372.8K
Cap Rate 9%
$289,967
$290.0K
Market Conditions
NOI Build-Up for 2,061 SF
Gross rent
$40.8K $19.80/SF
− Vacancy
−$3.5K −$1.71/SF
EGI
$37.3K $18.09/SF
− OpEx
−$11.2K −$5.43/SF
NOI
$26.1K $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%
$521,940
Cap Rate 7%
$372,814
Cap Rate 9%
$289,967
Alternative Uses
Best Use
Multifamily LT 5
$372.8K
$326.2K – $435.0K
NOI $26,097 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$342.7K
$299.9K – $399.8K
NOI $23,988 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$523.8K
$458.4K – $611.2K
NOI $36,669 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
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Business Placement
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with private entrances, off-street parking, separate storage, and shared outdoor space near the Algiers Ferry.
Where is this duplex located?
The property is located at 326 SEGUIN Street New New Orleans, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath units with approximately 1,030 square feet per residence; Approximately 2,061 living square feet across the duplex; Private entrances, dedicated off‑street parking, and separate laundry/storage for each unit
