Renovated Duplex Near Carrollton
8533 FORSHEY Street New Orleans, LA 70118
8533 FORSHEY Street, New Orleans, LA, 70118
$229,000
For Sale
$229,000
MULTI_FAMILY - New Orleans, LA
Property Size1,512 SF
Lot Size0.12 Acres
Price / SF$151.46
Days on Market165
Property Features for 8533 FORSHEY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 716407801
- Size
- 1,512 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- SQ 509 LOT W5 37.5X140.6 8517-19 FORSHEY ST
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
REVE, REALTORS
(504) 300-0700
4827 Prytania St, New Orleans, LA
Listed by
Joey Walker · License #995699523
(504) 300-0700
Added: Feb 2 Checked: Jul 17 at 9:06 am
MLS# 2541035
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 duplex presents an excellent investment opportunity in a high-demand New Orleans location, situated just four blocks from South Carrollton Avenue. The property features two classic shotgun-style units, each offering 2 bedrooms and 1 bathroom. Both units include updated kitchens and baths, and central HVAC. Off-street parking is available. The property is fully leased and generates $2,200 in monthly rental income. Tenants are responsible for their own utilities. Convenient access to I-10, public transportation, and nearby shopping enhances long-term rental appeal. The property size is 1512 square feet, situated on a lot of 0.1209 acres. This duplex is available individually or as part of a seven-property package, all situated on the same square. A 48-hour notice is required for showings, which are available to pre-approved buyers.
Key Highlights
- Fully leased duplex generating $2,200 monthly rental income.
- Updated kitchens and baths in both units.
- Excellent investment opportunity in a high‑demand New Orleans location (four blocks from South Carrollton Avenue).
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 | $29.9k | $19.80 |
| − Vacancy | −$2.6k | −$1.71 |
| EGI | $27.4k | $18.09 |
| − OpEx | −$8.2k | −$5.43 |
| NOI | $19.1k | $12.66 |
1,512 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$273.5K
$239.3K – $319.1K
NOI $19,146 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$251.4K
$220.0K – $293.3K
NOI $17,598 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$384.3K
$336.3K – $448.4K
NOI $26,901 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Income-producing duplex with modern updates in prime New Orleans location.
Where is this duplex located?
The property is located at 8533 FORSHEY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Fully leased duplex generating $2,200 monthly rental income.; Updated kitchens and baths in both units.; Excellent investment opportunity in a high‑demand New Orleans location (four blocks from South Carrollton Avenue).
