1203 DELERY Street New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
- Added:
- May 20, 2026
- Days on Market:
- 54
- Last Refresh:
- Jul 12 at 11:06 am
Property Features for 1203 DELERY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 39W212605
- Size
- 2,004 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- ST CLAUDE SUB DIV SQ 17 LOTS 7 8 50 X 104 DBLE 12/RM A/R 1203-05 DELERY & MARAIS STS
Utilities
- Heating system
- Ductless (Heating), Other (Heating)
- Cooling system
- Ductless, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Cottage
Listing agent Katie Witry License #995710150 (504) 453-2277
Listing office Witry Collective, L.L.C. 3640 Magazine St, New Orleans, LA (504) 291-2022
Listing date May 20, 2026
Copyright © 2026 New Orleans Metropolitan 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.
The property sits on a corner lot in front of Jackson Barracks, with a block off St. Claude Avenue providing access to Orleans and St. Bernard Parishes. The home has tall ceilings, wood floors, and large living rooms.
A gated parking area is included, and the lot size is listed as 50 by 140 for the adjoining lot that is a separate tax parcel but will be sold with the residence. Flood zone X is noted in the remarks, and flood insurance is recommended but not required.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $23.28 |
| − Vacancy | −$4.2k | −$2.12 |
| EGI | $42.4k | $21.16 |
| − OpEx | −$19.1k | −$9.52 |
| NOI | $23.3k | $11.64 |
