1140 TOURO Street
New Orleans, LA, 70116 $ 499,000
Bedrooms6 Baths4.0 Sq 2,851 Monthly Estimate*
$ 3,446
for $499,000 with 6 bedrooms and 4 full baths. This 2,851 square foot home was built in 2026.
95% FINANCING PLUS AN $8,000 GRANT that can be applied toward the down payment, closing costs, a permanent interest-rate buydown, or buyer-agent compensation—with NO REPAYMENT required! NO income limit, NO mortgage insurance, and first-time homebuyer status is not required.Positioned in the very heart of the Faubourg Marigny, this exceptional NEW construction duplex delivers what buyers are always searching for but rarely find.Only 1 block off Saint Claude Avenue, 4 blocks to the world renowned French Quarter, and 2 blocks to Elysian Fields Avenue. This is true walkability. True connectivity. True New Orleans energy.Step outside and you are moments from neighborhood favorites including The Ruby Slipper Cafe, Hotel Peter & Paul, Who Dat Coffee Cafe, AYU Bakehouse, and Robert Fresh Market, plus an endless collection of beloved local restaurants, coffee shops, music venues, and nightlife. The lifestyle here is unmatched.The property itself is a superbly constructed duplex featuring 3 separate bedrooms and 2 FULL baths in EACH unit. Thoughtfully designed open floor plans create a seamless flow between living, dining, and kitchen spaces, enhanced by abundant natural light and a spacious, modern feel.Situated on an enviable corner lot, the home offers Gated Off Street Parking for 2 vehicles, a rare and valuable amenity in this location.Built with modern construction standards and energy efficient materials, this residence offers:• NEW Construction• Functional double pane windows• Modern insulation for efficiency and comfort• Quality contemporary building materials throughout• NEW HOME Builder Warranty• 5 Year Home Builder Warranty• Located in an X Flood Zone that has NEVER Flooded• Low Homeowner’s Insurance of approximately $4,539 annuallyThis is not simply another duplex. This is a strategic purchase in one of the most vibrant and culturally rich neighborhoods in the city. Ideal for owner occupancy, multi generational living, or investment with strong rental appeal.Opportunities like this do not linger. If you value location, quality construction, and long term upside, you owe it to yourself to see this property in person.Be there.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Natural Gas Available
Architectural Style Traditional
Construction Materials Frame HardiPlank Type Wood Siding
Year Built 2026
Tenant Pays Electricity Gas Water
Stories Count 1
Property Subtype Duplex
Parcel Number 1142-TOUROST
County Orleans
New Construction N
Property Type Multifamily
HOA N
Attached Garage N
Energy Efficient Insulation Lighting Windows
Garage Y/N N
Full Baths 4
Status Active
Directions 1 block lakeside of St Claude 2 blocks Uptown side of Elysian Fields
City New Orleans
Disclosures Property As Is
Senior Community Y/N N
Number Of Units Total 2
Lot Size Square Feet 0.0
Carport Y/N N
Land Lease Y/N N
Home Warranty Y/N Y
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.zillow.com/view-imx/a9e0de5d-33de-4f17-a0df-f8e58cab8387?wl=true&setAttribution=mls&initialViewType=pano
Standard Status Active
Tax Lot 1 13
Legal Description SQ 387 LOTS 1 OR 13 TOURO AND MARAIS 29 X 100
Year Built Effective 2026
Water Body Access Y/N None
Accessibility Features Y/N None
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ExteriorFencing Other
Parking Features Driveway
Lot Features Corner Lot
Water Source Public
Total Parking 2.0
Foundation Details Raised
Spa N
Building Area Total 2851.0
Lot Dimensions 29 x 100
Lot Size Acres 0.0
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
Laundry Features Electric Dryer Hookup In Unit
Total Bedrooms 6
Total Baths 4
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* Excluded FeaturesList ByChris M SmithListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $3,446
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in New Orleans, LA
Average List Price $480,938
Percent of Sale Price 4%
About New Orleans, LA 392,550 Population
-19% Since 2002
$ 41,421 Median Income
36.4 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
5583192 Elementary School
5584917 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/15/2026 | $499,000 | -3.85% | Price Down |
| 10/13/2026 | $519,000 | | Listed Price |