Bywater Double Shotgun with
914 CONGRESS Street New Orleans, LA 70117
914 CONGRESS Street, New Orleans, LA, 70117
$300,000
Pending
For Sale
$300,000
Pending
MULTI_FAMILY - New Orleans, LA
Property Size1,412 SF
Days on Market132
Property Features for 914 CONGRESS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 3
- Size
- 1,412 SF
Taxes and HOA fees
- Tax Description
- SQ 287 LOT 3 OR 6 CONGRESS 45X95 DBLE 10/RM A/R 914-16 CONGRESS ST
Utilities
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- 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: Mar 9 Checked: Jul 17 at 11:06 pm
MLS# 2544346
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.
Located in the heart of the Bywater, this classic double shotgun blends historic charm with practical updates in one of the city's most walkable neighborhoods. The traditional front-to-back shotgun double layout creates an open, connected feel throughout the living and dining spaces, while natural light pours in through the updated windows. Original wood floors, picture molding, and decorative cased openings fill the spaces with character and architectural appeal. Each unit offers an eat-in kitchen with a gas range oven and a full bathroom, along with the convenience of in-unit laundry. A large rear door opens to a generous backyard that is divided, allowing each unit to enjoy its own designated outdoor space. One unit has a nice deck and off-street parking. The property is located just blocks from neighborhood restaurants, coffee shops, and local favorites. This property presents a strong opportunity for investors or buyers looking to procure a well-located Bywater property with lasting appeal. Located in flood zone X, this property has cheap flood insurance that is currently under $1,000 per year. The property size is 1412 square feet. A new roof was installed in 2026.
Key Highlights
- Classic double shotgun with traditional front‑to‑back layout for connected living and dining spaces
- Each unit includes an eat‑in kitchen with gas range oven, full bathroom, and in‑unit laundry
- Fenced property with porch and a large backyard split into designated outdoor space for each unit
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 | $28.0k | $19.80 |
| − Vacancy | −$2.4k | −$1.71 |
| EGI | $25.5k | $18.09 |
| − OpEx | −$7.7k | −$5.43 |
| NOI | $17.9k | $12.66 |
1,412 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.4K
$223.5K – $298.0K
NOI $17,879 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$234.8K
$205.4K – $273.9K
NOI $16,434 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$358.9K
$314.0K – $418.7K
NOI $25,122 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Classic New Orleans double in walkable Bywater neighborhood.
Where is this duplex located?
The property is located at 914 CONGRESS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Classic double shotgun with traditional front‑to‑back layout for connected living and dining spaces; Each unit includes an eat‑in kitchen with gas range oven, full bathroom, and in‑unit laundry; Fenced property with porch and a large backyard split into designated outdoor space for each unit
