New Orleans Duplex with Modern
622-24 South Pierce Street New Orleans, LA 70119
622-24 South Pierce Street, New Orleans, LA, 70119
$469,000
For Sale
$469,000
Newly constructed duplex in Mid City with high-end finishes.
Property Size2,430 SF
Price / SF$193
Days on Market219
Property Features for 622-24 South Pierce Street
General Information
- Standard status
- Active
- Size
- 2,430 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2023
Listing Agency
Christian Shane Properties
(504) 252-0455
Listed by
Christian Galvin · License #995718884
(504) 252-0455
Source
Compass
Added: Dec 10, 2025 Checked: Jul 17 at 4:47 am
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.
This newly constructed duplex, located in Mid City New Orleans, features modern design and high-end finishes. Each unit includes 3 bedrooms and 3 full bathrooms. The units feature open concept layouts, luxury vinyl plank flooring, quartz countertops, stainless steel appliances, and in-unit washer and dryer hookups. The property is located five blocks from the Canal Streetcar line, providing access to City Park, the Fairgrounds, Lafitte Greenway, downtown, and dining and entertainment options. The property is located in an X Flood Zone.
Key Highlights
- Newly constructed duplex in vibrant Mid City New Orleans.
- Each unit features 3 bedrooms and 3 full bathrooms with open concept layouts.
- High‑end finishes including luxury vinyl plank flooring, quartz countertops, and stainless steel appliances.
Local 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 | $48.1k | $19.80 |
| − Vacancy | −$4.2k | −$1.71 |
| EGI | $44.0k | $18.09 |
| − OpEx | −$13.2k | −$5.43 |
| NOI | $30.8k | $12.66 |
2,430 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$439.6K
$384.6K – $512.8K
NOI $30,770 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$404.0K
$353.5K – $471.4K
NOI $28,282 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$635.9K
$556.4K – $741.8K
NOI $44,510 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Newly constructed duplex in Mid City with high-end finishes.
Where is this duplex located?
The property is located at 622-24 South Pierce Street New Orleans, LA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Newly constructed duplex in vibrant Mid City New Orleans.; Each unit features 3 bedrooms and 3 full bathrooms with open concept layouts.; High‑end finishes including luxury vinyl plank flooring, quartz countertops, and stainless steel appliances.
