New Orleans Multi-Family
1435 LESSEPS Street New Orleans, LA 70117
1435 LESSEPS Street, New Orleans, LA, 70117
$349,000
For Sale
$349,000
MULTI_FAMILY - New Orleans, LA
Property Size2,267 SF
Lot Size0.09 Acres
Price / SF$153.95
Days on Market186
Property Features for 1435 LESSEPS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Driveway
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 39W309618
- Size
- 2,267 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- AS PER TITLE
Utilities
- Heating system
- Ductless (Heating), Central, Other (Heating)
- Cooling system
- Central Air, Ductless, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Galiano Realty
(504) 256-6311
3414 B Canal Street, New Orleans, LA
Listed by
Rachel Silvers · License #995694275
(504) 256-6311
Added: Jan 12 Checked: Jul 17 at 9:06 am
MLS# 2537423
Listing URL
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.
This new construction multi-family property is located in the Bywater neighborhood of New Orleans. The property includes a main unit with three bedrooms and 2.5 bathrooms, along with a bonus studio apartment. The main home features an open-concept living area with hardwood floors. The kitchen includes quartz countertops, a waterfall island, a dining area, and a coffee/wine bar nook. The primary en suite bathroom features a soaking tub, double vanity, and separate shower. Additional amenities include a laundry room and half bath. The separate studio efficiency features quartz counters, a walk-in closet, and a private bathroom. The property includes a front porch, yard, and off-street parking. The lot size is 0.0901 acres, and the property size is 2267 square feet. The studio offers flexible living or rental potential.
Key Highlights
- 2023 new construction Bywater multi‑family with main 3‑bedroom, 2.5‑bath home plus an additional studio apartment
- Main home includes a chef‑style kitchen with quartz countertops, large waterfall island, and dining area
- Primary en suite features a soaking tub, double vanity, and separate shower
Local Financial Insights For Multifamily LT 5
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 | $44.9k | $19.80 |
| − Vacancy | −$3.9k | −$1.71 |
| EGI | $41.0k | $18.09 |
| − OpEx | −$12.3k | −$5.43 |
| NOI | $28.7k | $12.66 |
2,267 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$410.1K
$358.8K – $478.4K
NOI $28,706 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$376.9K
$329.8K – $439.8K
NOI $26,385 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$576.2K
$504.2K – $672.2K
NOI $40,334 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New construction multi-family property with bonus studio in vibrant neighborhood.
Where is this duplex located?
The property is located at 1435 LESSEPS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2023 new construction Bywater multi‑family with main 3‑bedroom, 2.5‑bath home plus an additional studio apartment; Main home includes a chef‑style kitchen with quartz countertops, large waterfall island, and dining area; Primary en suite features a soaking tub, double vanity, and separate shower
