Renovated Historic Duplex with Outdoor
1937 2ND Street New Orleans, LA 70113
1937 2ND Street, New Orleans, LA, 70113
$479,000
For Sale
$479,000
MULTI_FAMILY - New Orleans, LA
Property Size2,500 SF
Lot Size0.04 Acres
Price / SF$191.60
Days on Market86
Property Features for 1937 2ND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Balcony, Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 412202211
- Size
- 2,500 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Description
- SQ 272 LOT X SECOND ST AND DANNEEL 35X51 = 1785 SQ FT
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Marcotte & Co. Real Estate
(504) 439-4900
8526 Cohn St, new orleans, LA
Listed by
Danielle Marcotte · License #995691913
(504) 439-4900
Added: Apr 23 Checked: Jul 17 at 10:06 am
MLS# 2553869
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 renovated historic duplex was updated in 2021 and offers two separate 2-bedroom, 2-bath units. Both units feature tall ceilings and open living spaces, along with generous storage and in-unit laundry.
The lower unit includes a private courtyard, and the upper unit has a wraparound balcony, providing outdoor space for both residences. The property is located at 1937 2ND Street in Faubourg Livaudais, in New Orleans, LA 70113.
With two well-configured units in place, the property supports straightforward live-in and rental arrangements within the duplex structure.
The lower unit includes a private courtyard, and the upper unit has a wraparound balcony, providing outdoor space for both residences. The property is located at 1937 2ND Street in Faubourg Livaudais, in New Orleans, LA 70113.
With two well-configured units in place, the property supports straightforward live-in and rental arrangements within the duplex structure.
Key Highlights
- Renovated in 2021, historic double built in 1900 with classic character and updated living features
- Two 2‑bedroom, 2‑bath units with tall ceilings, open living spaces, and generous storage
- In‑unit laundry in both units
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 | $49.5k | $19.80 |
| − Vacancy | −$4.3k | −$1.71 |
| EGI | $45.2k | $18.09 |
| − OpEx | −$13.6k | −$5.43 |
| NOI | $31.7k | $12.66 |
2,500 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.2K
$395.7K – $527.6K
NOI $31,656 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$415.7K
$363.7K – $485.0K
NOI $29,097 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Renovated in 2021, this duplex includes two 2-bedroom, 2-bath units with tall ceilings, storage, and in-unit laundry.
Where is this duplex located?
The property is located at 1937 2ND Street New Orleans, LA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Renovated in 2021, historic double built in 1900 with classic character and updated living features; Two 2‑bedroom, 2‑bath units with tall ceilings, open living spaces, and generous storage; In‑unit laundry in both units
