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Value Add 4 Plex- 2229 Dumaine St

2229 Dumaine St New Orleans, LA 70119

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Overview

This 4 plex is part of a 9 unit portfolio that can be purchased separately or together. This is a rare opportunity to own a beautifully renovated 9-unit portfolio in the vibrant New Orleans area. The portfolio includes two modern 4-plex buildings and a stylish single-family residence, offering flexibility to purchase the entire collection or select individual properties to suit your investment goals. Many of the units are fully furnished and boast high-end finished, providing a turnkey solution for investors or owner-occupants. Interiors have been meticulously updated, blending contemporary design with comfort and functionality. With a strong history of 100% occupancy and commanding premium rental rate, this portfolio promises immediate cash flow and long-term growth potential. Whether you’re looking to expand your investment portfolio or secure a profitable multi-property acquisition, this opportunity is not to be missed.

9% Cap as is

Value Add Potential

For Sale

Investment
Multifamily
Sale Price
$590,000
Price Per SF
$237.5/SF
Cap Rate
9.03%
Building Size
2,484 SF
Acres
0.1314 ac
Zoning Description
Historic Urban Two Family Residential District
Gross Income
$78,420
Net Operating Income
$53,262
Pro Forma NOI
$56,987
Total Expenses
$21,237
Year Built
1940
Property Use Type
Investment
Average Occupancy Rate
100%
Total Units
4
County
Orleans Parish
Available
2025-07-24
Created
2025-07-23
Updated
2025-07-30
Listing ID
90f7a254
Parcel APN
207108324