Historic Double
2544 ST PHILIP New Orleans, LA 70119
2544 ST PHILIP, New Orleans, LA, 70119
$249,000
For Sale
$249,000
MULTI_FAMILY - New Orleans, LA
Property Size1,633 SF
Price / SF$152.48
Days on Market71
Property Features for 2544 ST PHILIP
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 2544
- Size
- 1,633 SF
Taxes and HOA fees
- Tax Description
- SQ 322 LOT 98
Utilities
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1912
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Asbestos Shingle
- Architectural style
- Other
Listing Agency
Crane Realtors
(504) 210-2014
138 N Cortez Street, New Orleans, LA
Listed by
Aaron Dare · License #995681183
(504) 899-8666
Added: May 8 Checked: Jul 17 at 10:06 pm
MLS# 2557151
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 classic New Orleans double duplex offers two residential units with a configuration designed for flexible occupancy. Both units feature wood floors, tall ceilings, original fireplaces, transom windows, and abundant natural light. The property also has spacious living areas and generously sized bedrooms, reflecting the architectural character typical of the area.
The building is located in a walkable New Orleans setting, with nearby access to neighborhood restaurants, bars, music venues, and everyday conveniences. The location supports tenants and occupants who value close-in neighborhood amenities and everyday walkability.
As a for-sale residential income property, the duplex layout can work well for an owner-occupant looking to live in one unit while maintaining an additional unit for rental use, or for an investor seeking a two-unit asset. The combination of original interior details and a “renovation opportunity” context may appeal to buyers planning to refresh finishes and maximize the existing layout.
The building is located in a walkable New Orleans setting, with nearby access to neighborhood restaurants, bars, music venues, and everyday conveniences. The location supports tenants and occupants who value close-in neighborhood amenities and everyday walkability.
As a for-sale residential income property, the duplex layout can work well for an owner-occupant looking to live in one unit while maintaining an additional unit for rental use, or for an investor seeking a two-unit asset. The combination of original interior details and a “renovation opportunity” context may appeal to buyers planning to refresh finishes and maximize the existing layout.
Key Highlights
- 1912‑built classic New Orleans double with historic architectural details throughout.
- Both units feature wood floors, tall ceilings, original fireplaces, transom windows, and abundant natural light.
- Double layout offers flexible living for an owner‑occupant or rental setup.
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 | $32.3k | $19.80 |
| − Vacancy | −$2.8k | −$1.71 |
| EGI | $29.5k | $18.09 |
| − OpEx | −$8.9k | −$5.43 |
| NOI | $20.7k | $12.66 |
1,633 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$295.4K
$258.5K – $344.6K
NOI $20,678 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$271.5K
$237.6K – $316.8K
NOI $19,006 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$427.3K
$373.9K – $498.5K
NOI $29,911 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with original fireplaces, tall ceilings, transom windows, and wood floors, suited for owner or investment use.
Where is this duplex located?
The property is located at 2544 ST PHILIP New Orleans, LA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1912‑built classic New Orleans double with historic architectural details throughout.; Both units feature wood floors, tall ceilings, original fireplaces, transom windows, and abundant natural light.; Double layout offers flexible living for an owner‑occupant or rental setup.
