Duplex with Front
227 S GAYOSO Street New Orleans, LA 70119
For Sale
$500,000
Pending
MULTI_FAMILY - New Orleans, LA
Property Size3,928 SF
Lot Size0.09 Acres
Days on Market120
Property Features for 227 S GAYOSO Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, Porch
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 105204306
- Size
- 3,928 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- SQ 633 LOT 8 SO GAYOSO 35' X 110' M/A CHANGE 3/2/06
Utilities
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Metal
- Architectural style
- Colonial
Listing Agency:
Homesmart Realty South
(504) 908-7653
Listed By:
Dominique Dennoun
(504) 908-5037
Added: Mar 28
Changed: Jul 9
Last Checked: Jul 25 at 2:06AM
MLS# 2550126
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 well-maintained duplex features two separate residential units, each offering 3 bedrooms and 2 full bathrooms. Interior details include original hardwood floors, tall ceilings, and abundant natural light. The layout provides generous living space within each unit, supporting a comfortable day-to-day flow for residents. A pair of inviting front galleries adds outdoor space for relaxing or entertaining, reflecting the property’s classic duplex character.
Located at 227 S GAYOSO Street in New Orleans (70119), the property is positioned in Mid-City. The seller’s remarks note convenience to local restaurants and parks, with access to the broader amenities of New Orleans.
The property’s duplex configuration can suit a range of living and ownership strategies, including owner-occupancy alongside a second unit, multi-generational living, or a rental-focused approach. With two full 3-bedroom, 2-bath units already in place, it offers a practical setup for households seeking more space and flexibility within a single property. Buyers and brokers may also find it appealing for tenants or occupants looking for two distinct, self-contained unit options under one roof.
Located at 227 S GAYOSO Street in New Orleans (70119), the property is positioned in Mid-City. The seller’s remarks note convenience to local restaurants and parks, with access to the broader amenities of New Orleans.
The property’s duplex configuration can suit a range of living and ownership strategies, including owner-occupancy alongside a second unit, multi-generational living, or a rental-focused approach. With two full 3-bedroom, 2-bath units already in place, it offers a practical setup for households seeking more space and flexibility within a single property. Buyers and brokers may also find it appealing for tenants or occupants looking for two distinct, self-contained unit options under one roof.
Key Highlights
- Duplex in Mid‑City with two spacious units, each with 3 bedrooms and 2 full bathrooms
- Original hardwood floors, tall ceilings, and abundant natural light throughout
- Front galleries/porch features plus a balcony and fenced yard
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 | $91.4k | $23.28 |
| − Vacancy | −$8.3k | −$2.12 |
| EGI | $83.1k | $21.16 |
| − OpEx | −$37.4k | −$9.52 |
| NOI | $45.7k | $11.64 |
3,928 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$710.5K
$621.7K – $829.0K
NOI $49,738 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$653.1K
$571.5K – $762.0K
NOI $45,717 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$1.03M
$899.4K – $1.20M
NOI $71,948 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
New Orleans bnb
Travel Agency
FAQs
What type of property is this?
Duplex - Well-maintained two-unit duplex offers two 3-bedroom layouts with original hardwood floors and front galleries.
Where is this duplex located?
The property is located at 227 S GAYOSO Street New Orleans, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Duplex in Mid‑City with two spacious units, each with 3 bedrooms and 2 full bathrooms; Original hardwood floors, tall ceilings, and abundant natural light throughout; Front galleries/porch features plus a balcony and fenced yard
