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6 Beds
4 Baths
2,851 sqft

$519,000

1140 42 TOURO Street, New Orleans LA, 70116

Price per sqft$182.04
Built in2026
Property size2,851 sqft
Property typeMulti-family
Courtesy of Chris Smith with Keller Williams Realty New Orleans

Overview

Active

Listed Sep 24, 2026

Updated 9 days ago

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 annually

This 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.

$3,453/mo

Est. mortgage payment based on a $519,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2578654

Interior Features

Bedrooms
6
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

New Construction
Yes
MLS provider logo

Listing Contact: (504) 231-2004 

Based on information from the Gulf South Real Estate Information Network as of 10/5/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 4:33 AM UTC, 10/5/2026

 

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