Duplex with Fortified
8926 Forshey Street, New Orleans, LA 70118
For Sale
New
$385,000
Multifamily, New Orleans, LA
Property Size2,450 SF
Lot Size0.08 Acres
Price / SF$157.14
Days on Market2
Property Features for 8926 Forshey Street
General Information
Property type
Property subtype
Property condition
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
fortified roof
fenced backyard
offstreet parking
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Galiano Realty
Listed By:
Nicholas B Galiano · License LA #995681036
(504) 256-6311
Added: Nov 9
Last Checked: Nov 10 at 9:06PM
MLS# 200QKH
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 two-unit property at 8926 Forshey Street offers 2,450 square feet across a 0.08-acre parcel. Each residence has an open floor plan, high ceilings, engineered and tile flooring, and a kitchen with custom cabinetry, stone counters, a breakfast bar, and stainless steel appliances. The room schedule lists six bedrooms and four bathrooms in total. A porch, fenced yard, and off-street driveway parking are among the exterior features. The property is listed with a 2026 year built and a fortified roof.
Located in Uptown New Orleans, the property provides access to downtown and is near restaurants, shopping, and major thoroughfares. Public water and sewer are available, along with cable service.
Located in Uptown New Orleans, the property provides access to downtown and is near restaurants, shopping, and major thoroughfares. Public water and sewer are available, along with cable service.
Key Highlights
- 2,450 square feet on a 0.08‑acre parcel
- Two‑unit property with six bedrooms and four bathrooms listed
- Fortified roof, shingle roofing, and HardiPlank Type exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,023
Cap Rate
8.06%
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 8.06%
Second Best
Apartment 5plus
$407.4K
$356.4K – $475.3K
NOI $28,515 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$622.7K
$544.9K – $726.5K
NOI $43,590 @ 7.0% cap · market cap 11.32%
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
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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
$451,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature open living areas, private primary suites, 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 $385,000.
What are key features of this property?
This property features: 2,450 square feet on a 0.08‑acre parcel; Two‑unit property with six bedrooms and four bathrooms listed; Fortified roof, shingle roofing, and HardiPlank Type exterior
