New Construction Duplex with Fenced
For Sale
$389,000
8926 FORSHEY Street, New Orleans, LA 70118
Multi-Family, Traditional, New Orleans, LA
Property Size2,450 SF
Price / SF$158.78
Days on Market49
Property Features for 8926 FORSHEY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking features
Driveway
Exterior features
Fence
Fencing
Fenced
Lot features
Regular
Standard status
Active
APN
716405807
Size
2,450 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced backyard
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Galiano Realty
Listed By:
Nicholas Galiano
(504) 256-6311
Added: Sep 8
Changed: Sep 16
Last Checked: Oct 26 at 2:06AM
MLS# 2575421
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.
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Investment Insights
Based on property information with market context.
This duplex is an under-construction residential property with 2,450 square feet across two private units. Each residence is designed with an open living and dining arrangement, high ceilings, wood flooring, and a kitchen equipped with stone countertops, stainless steel appliances, extensive cabinetry, and a breakfast bar. Primary suites include freestanding soaking tubs and separate walk-in showers, while additional bedrooms have tiled guest bathrooms with contemporary vanities and fixtures.
The property includes central heating and central air, a shingle roof, public water service, and a fenced backyard. Driveway parking provides off-street parking, and the property is located on Forshey Street in New Orleans, Louisiana. The recorded year built is 2026.
The property includes central heating and central air, a shingle roof, public water service, and a fenced backyard. Driveway parking provides off-street parking, and the property is located on Forshey Street in New Orleans, Louisiana. The recorded year built is 2026.
Key Highlights
- Duplex with 2,450 square feet
- Two private units with open living and dining layouts
- Kitchens include stone counters, stainless steel appliances, cabinetry, and breakfast bars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,023
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,460
$620.5K
Cap Rate 7%
$443,186
$443.2K
Cap Rate 9%
$344,700
$344.7K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$48.5K $19.80/SF
− Vacancy
−$4.2K −$1.71/SF
EGI
$44.3K $18.09/SF
− OpEx
−$13.3K −$5.43/SF
NOI
$31.0K $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%
$620,460
Cap Rate 7%
$443,186
Cap Rate 9%
$344,700
Alternative Uses
Best Use
Multifamily LT 5
$443.2K
$387.8K – $517.1K
NOI $31,023 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$407.4K
$356.4K – $475.3K
NOI $28,515 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,590 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
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Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
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 - Two private residences feature open layouts, upgraded kitchens, ensuite baths, and off-street driveway parking.
Where is this duplex located?
The property is located at 8926 FORSHEY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Duplex with 2,450 square feet; Two private units with open living and dining layouts; Kitchens include stone counters, stainless steel appliances, cabinetry, and breakfast bars
