Duplex with Fortified
For Sale
$389,000
8926 FORSHEY Street, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size2,450 SF
Price / SF$158.78
Days on Market47
Property Features for 8926 FORSHEY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1
Parking features
Driveway
Standard status
Active
APN
716405807
Size
2,450 SF
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
2
Building materials
HardiPlank Type
Architectural style
Other
Listing Agency:
Galiano Realty
Listed By:
Nicholas B Galiano · License #995681036
(504) 256-6311
Added: Sep 8
Changed: Oct 23
Last Checked: Oct 24 at 12:06AM
MLS# 2575421
Copyright © 2026 ROAM MLS. 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 2,450-square-foot duplex is under construction, with completion scheduled for 2026. Both units have open-plan living and dining areas, wood flooring, and kitchens equipped with stainless steel appliances, stone counters, cabinetry, and breakfast bars. Primary suites include bathrooms with a freestanding tub and separate walk-in shower; guest bathrooms feature tiled finishes. HardiPlank siding, central heating and air conditioning, and a fortified roof are among the building features.
The property includes a fenced backyard and driveway parking. Natural gas is available, and the property is served by public water and sewer. The New Orleans location offers access to downtown, restaurants, shopping, and major thoroughfares.
The property includes a fenced backyard and driveway parking. Natural gas is available, and the property is served by public water and sewer. The New Orleans location offers access to downtown, restaurants, shopping, and major thoroughfares.
Key Highlights
- 2,450 square feet across a duplex
- Under construction; year built listed as 2026
- Fortified roof and HardiPlank Type exterior
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
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 homes offer open layouts, stone-counter kitchens, and access to a fenced backyard.
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: 2,450 square feet across a duplex; Under construction; year built listed as 2026; Fortified roof and HardiPlank Type exterior
