1569 ATHIS Street New Orleans, LA 70122
MULTI_FAMILY - New Orleans, LA
- Added:
- Jun 17, 2026
- Days on Market:
- 25
- Last Refresh:
- Jul 11 at 7:06 am
Property Features for 1569 ATHIS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- APN
- 37W523709
- Size
- 3,275 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- LEGION OAKS EXT SQ V LOT 9 ATHIS AND PARIS AVE 60X120 1-1/2 ST SGLE FR 9/RMS A/R
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1967
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Split Level
Listing agent Louis Williams License #73679 (985) 727-7000
Listing office Keller Williams Realty Services 1522 W. Causeway Approach, Mandeville, LA (985) 727-7000
Listing date Jun 17, 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 includes a low-maintenance brick exterior, a fenced yard, a covered parking area, and ample off-street parking. It is positioned for convenience to local schools, parks, shopping, dining, and major thoroughfares throughout New Orleans. The home is currently tenant-occupied, and interior photographs may reflect virtual staging intended to illustrate potential use of space.
From an income-earning standpoint, the current 4-bedroom portion is leased at $2,000 per month. A separate 1-bedroom living space has historically generated between $1,000 and $1,100 per month, and prior to the current setup the entire property was leased as a single residence for $4,300 per month. The listing also notes an approximate market-rate leasing figure for the entire home of $3,600 per month, with purchasers encouraged to verify all lease terms, rental income, and property details during due diligence.
Key Highlights
- Split‑level brick home built in 1967 in New Orleans’ Gentilly neighborhood
- Current tenant‑occupied setup: 4‑bedroom portion leased for $2,000/month
- Separate 1‑bedroom space has historically rented for $1,000–$1,100/month
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 | $53.1k | $16.20 |
| − Vacancy | −$4.6k | −$1.40 |
| EGI | $48.5k | $14.80 |
| − OpEx | −$14.5k | −$4.44 |
| NOI | $33.9k | $10.36 |
