2025-Built Duplex with Central
For Sale
$365,000
Pending
1125-1127 Saux Lane, New Orleans, LA 70114
MULTI_FAMILY - New Orleans, LA
Property Size1,978 SF
Lot Size0.28 Acres
Days on Market226
Property Features for 1125-1127 Saux Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
2
Parking features
Assigned
Interior features
Electric Stove Con., Master Bath, Walk-Up Attic
Exterior features
Landscaped, Lighting
Appliances
Washer/Dryer All, Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator
Subdivision
Walnut Bend
Elementary school district
Orleans Parish
Middle school district
Orleans Parish
High school district
Orleans Parish
Directions
One block from General Meyer Avenue and Saux Lane. Three blocks from Shirley Drive and General Meyer. From bridge BUS 90, take first exit on right and immediate left towards General De Gaulle Drive. Then immediate left on Shirley Drive to Gen Meyer Ave
Standard status
Pending
Size
1,978 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
1. PROP SOLD BY A. CAMUS 2. LOT 64, HF OF LOT 65 3. 72 X 170 4. 1127 SAUX LANE
Legal Description
1. PROP SOLD BY A. CAMUS 2. LOT 64, HF OF LOT 65 3. 72 X 170 4. 1127 SAUX LANE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Wood Siding, Frame
Roof type
Composition
Listing Agency:
Homecoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Added: Jan 9
Changed: Jul 22
Last Checked: Aug 23 at 4:06PM
MLS# 2026000634
Copyright © 2026 Greater Baton Rouge Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2025, this duplex offers two separate 989-sq.-ft. residential units within a 1,978-sq.-ft. total built area. Each unit features three bedrooms and 1 full bathroom with a bathtub/shower plus 1 3/4 bathroom with a shower. Interiors include a modern U-shaped kitchen with a 4-seat island, a spacious pantry, and an appliance package that includes a fridge, stove, dishwasher, and microwave. Comfort is supported by central A/C in each unit, along with ceiling fans in all bedrooms and the living area. A 2-hour-rated firewall between the units helps reinforce separation. Practical conveniences include a washer/dryer located in a large closet and finished closets with inside lights, finished with high-end lighting fixtures throughout both units.
The property sits on a 12,240-sq.-ft. lot, with a large front-of-house garden and a huge shaded backyard. It is located within short distance of Delgado College – West Bank Campus and the Federal City main entrance.
For buyers or operators seeking a turn-key duplex configuration, the layout is consistent across both units, with matching bed/bath counts and similar kitchen and mechanical features. The included appliance package, washer/dryer, and central A/C reduce immediate tenant setup needs, while the dedicated firewall construction provides a clear building-level separation between residences.
The property sits on a 12,240-sq.-ft. lot, with a large front-of-house garden and a huge shaded backyard. It is located within short distance of Delgado College – West Bank Campus and the Federal City main entrance.
For buyers or operators seeking a turn-key duplex configuration, the layout is consistent across both units, with matching bed/bath counts and similar kitchen and mechanical features. The included appliance package, washer/dryer, and central A/C reduce immediate tenant setup needs, while the dedicated firewall construction provides a clear building-level separation between residences.
Key Highlights
- 2025‑built duplex with 1,978 sq. ft. total built area (989 sq. ft. per unit)
- Each unit offers 3 bedrooms and 1 full bath plus 1 3/4 bath
- Modern U‑shaped kitchens with 4‑seat island, spacious pantry, and included appliances (fridge, stove, dishwasher, microwave)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,046
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,920
$500.9K
Cap Rate 7%
$357,800
$357.8K
Cap Rate 9%
$278,289
$278.3K
Market Conditions
NOI Build-Up for 1,978 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.2K $19.80/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$35.8K $18.09/SF
− OpEx
−$10.7K −$5.43/SF
NOI
$25.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,920
Cap Rate 7%
$357,800
Cap Rate 9%
$278,289
Alternative Uses
Best Use
Multifamily LT 5
$357.8K
$313.1K – $417.4K
NOI $25,046 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$328.9K
$287.8K – $383.7K
NOI $23,022 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$502.7K
$439.9K – $586.5K
NOI $35,192 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 3-bedroom units with modern kitchens and central A/C, separated by a 2-hour-rated firewall.
Where is this duplex located?
The property is located at 1125-1127 Saux Lane New Orleans, LA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2025‑built duplex with 1,978 sq. ft. total built area (989 sq. ft. per unit); Each unit offers 3 bedrooms and 1 full bath plus 1 3/4 bath; Modern U‑shaped kitchens with 4‑seat island, spacious pantry, and included appliances (fridge, stove, dishwasher, microwave)
