New Orleans Duplex For
For Sale
$469,000
622 S PIERCE Street, New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
Property Size2,430 SF
Price / SF$193
Days on Market176
Property Features for 622 S PIERCE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Lot features
Regular
Standard status
Active
APN
105303715
Size
2,430 SF
Taxes and HOA fees
Tax Description
SQ 750 LOT 24 S PIERCE 24' 7" X 123' 11"
Legal Description
SQ 750 LOT 24 S PIERCE 24' 7" X 123' 11"
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Christian Shane Properties
(504) 208-5688
Listed By:
Christian Galvin · License #995718884
(504) 208-5688
Added: Feb 5
Changed: May 8
Last Checked: Jul 31 at 4:06AM
MLS# 2541836
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.
This newly constructed duplex is located in Mid City New Orleans. Each unit features 3 bedrooms and 3 full bathrooms. The units have open concept layouts, luxury vinyl plank flooring, quartz countertops, and stainless steel appliances. In-unit washer and dryer hookups are included. The property is located five blocks from the Canal Streetcar line, providing access to City Park, the Fairgrounds, Lafitte Greenway, and downtown dining and entertainment. The property is situated in an X Flood Zone and has a size of 2430 square feet.
Key Highlights
- Newly constructed duplex in vibrant Mid City New Orleans.
- Each unit features 3 bedrooms and 3 full bathrooms.
- High‑end finishes** including luxury vinyl plank flooring, quartz countertops, and stainless steel appliances.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,697
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
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 - New construction duplex in Mid City, New Orleans.
Where is this duplex located?
The property is located at 622 S 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**.; High‑end finishes** including luxury vinyl plank flooring, quartz countertops, and stainless steel appliances.
