918 MONTEGUT Street New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
Property Features for 918 MONTEGUT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 39W200406
- Size
- 1,890 SF
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1850
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Trey Miley License #995709617 (504) 499-0047
Listing office 1 Percent Lists Legacy 1007 E Judge Perez Dr, Chalmette, LA (504) 499-0047
Listing date Apr 1, 2026
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.
The property has some deferred maintenance and needs updating, making it well suited for an investor looking to restore the historic facade and refresh the interiors, or an owner-occupant seeking a place to bring the character back while living in one unit. A fenced rear yard adds outdoor space for gardening or future improvements.
With a functional two-unit configuration and dedicated in-unit laundry hookups, this duplex can work for tenants who want self-contained living while keeping day-to-day operations straightforward. The fenced yard and the historic detailing throughout the units support a restoration-focused approach in a residential income property setting within New Orleans.
Key Highlights
- Historic 1850's shotgun double with New Orleans charm
- Two units, each with 2 bedrooms and 1 bath
- Excellent opportunity for restoration and value‑add
Local 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 | $44.0k | $23.28 |
| − Vacancy | −$4.0k | −$2.12 |
| EGI | $40.0k | $21.16 |
| − OpEx | −$18.0k | −$9.52 |
| NOI | $22.0k | $11.64 |
