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Mixed-Use Duplex
For Sale
Contact for pricing
Pending

721 S Salcedo St, New Orleans, LA 70119

Includes a commercial short-term rental unit and a separate long-term rental unit.

Property SizeContact for details
Days on Market144

Property Features for 721 S Salcedo St

General Information

Standard status Pending
Property subtype Multifamily
Zoning MU-2

Units

Unit Mix 1 x 3 bed 1 bath, 1 x 2 bed 1 bath
Multifamily Units 2

Additional Details

Gross Income $55,200
Listing Agency: eXp Realty
Listed By: Jacob Martinolich · License #0995691893
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 3:27AM

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 eXp Realty

Investment Insights

Based on property information with market context.

Located at 721 S Salcedo St in New Orleans, this duplex contains two units with distinct configurations and rental profiles. One unit has 3 bedrooms and 1 bath and is operated as a commercial short-term rental. The second unit has 2 bedrooms and is used as a long-term rental.

The property carries MU-2 zoning. The existing units may be combined into a 5-bedroom short-term rental, used for another business, or occupied as a residence, based on the options identified for the property. This configuration offers both established rental uses and multiple ways to operate the two-unit asset.

Key Highlights

  • Two‑unit duplex at 721 S Salcedo St, New Orleans, LA 70119
  • 3‑bedroom, 1‑bath commercial short‑term rental unit
  • Separate 2‑bedroom long‑term rental unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store Garden Center Butcher Nursing Home Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,967
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Includes a commercial short-term rental unit and a separate long-term rental unit.
Where is this duplex located?
The property is located at 721 S Salcedo St New Orleans, LA.
What are key features of this property?
This property features: Two‑unit duplex at 721 S Salcedo St, New Orleans, LA 70119; 3‑bedroom, 1‑bath commercial short‑term rental unit; Separate 2‑bedroom long‑term rental unit
(504) 513-3109 Call to check price and availability
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