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    Corner Lot Mixed-Use Duplex Title is generated by Realmo AI

    1700 SHORT Street, New Orleans, LA 70118

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    For Sale
    $295,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    1,636 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $180/SF
    Added:
    May 18, 2026
    Days on Market:
    20
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 1700 SHORT Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    716207715
    Size
    1,636 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Description
    SQ 224 FRONT LOT 10 GREEN AND SHORT 30 X 99 8003 GREEN-1700 SHORT

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1923
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Alex DeRojas

    Listing agent Alex DeRojas

    Listing office Century 21 J. Carter & Company 3540 S I-10 Service Rd W, Metairie, LA

    Listing date May 18, 2026

    MLS# 2558784 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

    • Mixed‑use property on a corner lot at 1700 Short St / 8003 Green St, one block from the Carrollton streetcar line
    • Residential unit offers 2 bedrooms and 1 bathroom
    • Kitchen features granite countertops, with no carpet in the unit
    • In‑unit washer and dryer included
    • Central heating and central air, with a shingle roof
    • Public water service and fenced exterior

    Overview

    Located on a prime corner lot, this mixed-use duplex at 1700 Short St and 8003 Green St offers an opportunity with two addresses on one site. The 1700 Short St unit includes a 2-bedroom, 1-bath layout with granite countertops, no carpet, and an in-unit washer and dryer, providing practical, tenant-friendly everyday functionality.

    The property benefits from a strong nearby lifestyle and transportation draw, positioned just one block from the Carrollton streetcar line. It is also described as convenient to local restaurants, universities, and public transit, supporting tenant demand from households that value access to daily amenities and connections around the area.

    From an investment perspective, this configuration is well suited for buyers seeking a rental property with in-unit laundry and durable finishes in a compact, manageable duplex format. The corner-lot positioning and proximity to transit can also support leasing interest, particularly for tenants who prefer walkable access to employment, schools, and neighborhood conveniences.

    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 $38.1k $23.28
    − Vacancy −$3.5k −$2.12
    EGI $34.6k $21.16
    − OpEx −$15.6k −$9.52
    NOI $19.0k $11.64
    1,636 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $272.0K
    $238.0K – $317.4K (±1% cap)
    NOI $19,041 @ 7.0% cap · market cap 6.45%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $415.8K
    $363.8K – $485.1K (±1% cap)
    NOI $29,107 @ 7.0% cap · market cap 9.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.125
    Latitude
    29.950302

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    FAQs

    What type of property is this?
    Single family property - Well-positioned corner duplex with an updated 2-bedroom unit and in-unit laundry, ideal for rental-focused investors.
    Where is this single family property located?
    The property is located at 1700 SHORT Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Mixed‑use property on a corner lot at 1700 Short St / 8003 Green St, one block from the Carrollton streetcar line; Residential unit offers 2 bedrooms and 1 bathroom; Kitchen features granite countertops, with no carpet in the unit
    (504) 810-2825
    We can help!
    Listing Contact
    Alex DeRojas
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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