New Orleans Multi-Family
1435 LESSEPS Street, New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
Property size:
2,267 SFLot size:
0.09 AcresPrice / SF:
$153/SF- Added:
- Jan 12, 2026
- Days on Market:
- 141
- Last Refresh:
- Jun 2 at 2:06 am
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
- Other (Heating), Central, Ductless (Heating)
- Cooling system
- Ductless, Wall Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Rachel Silvers License #995694275 (504) 256-6311
Listing office Galiano Realty 3414 B Canal Street, New Orleans, LA (504) 256-6311
Listing date Jan 12, 2026
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.
HighLights
- New construction multi‑family property with a main unit and separate studio apartment.
- Main unit features 3 bedrooms, 2.5 bathrooms, and an open‑concept living area with hardwood floors.
- Chef‑style kitchen with quartz countertops, waterfall island, and coffee/wine bar.
- Separate studio apartment with quartz counters, walk‑in closet, and private bathroom for flexible use or rental income.
- Primary en suite includes a soaking tub, double vanity, and separate shower.
- Off‑street parking, front porch, and fenced yard.
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.031189
- Latitude
- 29.968773
Nearby Similar for Sale
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: New construction multi‑family property with a main unit and separate studio apartment.; Main unit features 3 bedrooms, 2.5 bathrooms, and an open‑concept living area with hardwood floors.; Chef‑style kitchen with quartz countertops, waterfall island, and coffee/wine bar.
