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New Orleans Duplex: Income Potential

1864 FARRAGUT Street, New Orleans, LA 70114

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For Sale

$149,900

MULTI_FAMILY - New Orleans, LA

Property size:

2,814 SF

Lot size:

0.15 Acres

Price / SF:

$53/SF

HighLights

Great investment opportunity to finish a double and generate rental income.
New roof, gutters, siding, windows, and doors installed in 2025.
Each unit features 3 bedrooms, a full bathroom upstairs, and a half bathroom downstairs.
Potential for high rental income, with 3‑bedroom units renting for $1650 or more in the area.
Househacking potential: live in one unit while renting out the other.
Property has been gutted and studs replaced where needed, with some electrical wiring and boxes already in place.

We can help!

Listing Contact

Vanessa Parnell

For Sale

$149,900

MULTI_FAMILY - New Orleans, LA

Property size:

2,814 SF

Lot size:

0.15 Acres

Price / SF:

$53/SF

Added:: Mar 6, 2026
Days on Market:: 94
Last Refresh:: Jun 8 at 7:06 pm

Property Features for 1864 FARRAGUT Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Off Street
Standard status: Active
APN: 513504111
Size: 2,814 SF
Lot size: 0.15 Acres

Taxes and HOA fees

Tax Description: SOUTH N O SQ 13 PT 22, LOT 23, PT 24 OR 23-A 55 X 118 1864/1866 FARRAGUT

Utilities

Water source: Public

Building Details

Year built: 1945
Floors in Building: 2
Number of units: 2
Roof type: Shingle
Architectural style: Other

We can help!

Listing Contact

Vanessa Parnell

Listing agent Vanessa Parnell License #000018598

Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA

Listing date Mar 6, 2026

MLS# 2546305 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

Great investment opportunity to finish a double and generate rental income.
New roof, gutters, siding, windows, and doors installed in 2025.
Each unit features 3 bedrooms, a full bathroom upstairs, and a half bathroom downstairs.
Potential for high rental income, with 3‑bedroom units renting for $1650 or more in the area.
Househacking potential: live in one unit while renting out the other.
Property has been gutted and studs replaced where needed, with some electrical wiring and boxes already in place.

Overview

This duplex presents an opportunity to generate income. The property has been gutted, with stud replacements completed where necessary. A new roof, gutters, siding, windows, and doors were installed in 2025. Some electrical wiring and boxes are already in place. Each of the two units features a three-bedroom layout, including a full bathroom upstairs and a half bathroom downstairs. The property requires plumbing and HVAC installation. Rear parking access is available. The property size is 2,814 square feet, situated on a lot of approximately 0.149 acres. Located in New Orleans, Louisiana, this property offers a potential buy-and-hold strategy, with comparable three-bedroom rentals in the area fetching $1,650 or more. Alternatively, it could serve as a house-hacking opportunity, where one unit's rental income offsets the mortgage.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.034141
Latitude: 29.93477

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For sale
Duplexes
LA
New Orleans
70114
1864 FARRAGUT Street

What type of property is this?

Duplex - Gutted duplex with new roof, ready for finishing and income.

Where is this duplex located?

The property is located at 1864 FARRAGUT Street New Orleans, LA.

What is the asking price?

The asking price for this property is $149,900.

What are key features of this property?

This property features: Great investment opportunity to finish a double and generate rental income.; New roof, gutters, siding, windows, and doors installed in 2025.; Each unit features **3 bedrooms**, a full bathroom upstairs, and a half bathroom downstairs.

1864 FARRAGUT Street, New Orleans, LA 70114

MULTI_FAMILY - New Orleans, LA

Property Features for 1864 FARRAGUT Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Commercial & Residential Property

Uptown Bar with Adjoining Lot

New Orleans Commercial Opportunity

Historic Ground-Floor Office Space

Updated Duplex with Off-Street Parking

Turnkey New Construction Duplex

Income-Producing Triplex in Broadmoor

Uptown New Orleans Multi-Family Property

Algiers Fourplex Investment Opportunity

Renovated Duplex in New Orleans

Audubon Park Multifamily Investment Opportunity

Equipped Kitchen Space in New Orleans

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