Duplex with In-Unit
For Sale
$160,000
1015-17 Saux Ln, New Orleans, LA 70114
Two one-bedroom residences feature refreshed kitchens, updated baths, and separate laundry within each unit.
Property Size1,128 SF
Price / SF$141.84
Days on Market44
Property Features for 1015-17 Saux Ln
General Information
Standard status
Active
Size
1,128 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
Remax Crescent Collective LLC
(504) 202-6736
Listed By:
John Hendrix · License #995719267
Source:
Dominionplace
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 31 at 7:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Crescent Collective LLC
Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bath residences. Both units include refreshed kitchens, updated bathrooms, in-unit laundry, and a combination of wood and tile flooring. Outdoor features include a fenced front yard, an extra-long driveway, and a secured rear yard.
The property is a few blocks from Behrman Memorial Park, with schools and shopping nearby. Access to US 90 connects the property with destinations throughout the New Orleans area. Built in 1950, the building provides a two-unit residential configuration with separate living spaces and shared site improvements.
The property is a few blocks from Behrman Memorial Park, with schools and shopping nearby. Access to US 90 connects the property with destinations throughout the New Orleans area. Built in 1950, the building provides a two-unit residential configuration with separate living spaces and shared site improvements.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom on each side
- Refreshed kitchens and updated bathrooms in both residences
- In‑unit laundry in each side of the duplex
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,283
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,660
$285.7K
Cap Rate 7%
$204,043
$204.0K
Cap Rate 9%
$158,700
$158.7K
Market Conditions
NOI Build-Up for 1,128 SF
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.
Gross rent
$22.3K $19.80/SF
− Vacancy
−$1.9K −$1.71/SF
EGI
$20.4K $18.09/SF
− OpEx
−$6.1K −$5.43/SF
NOI
$14.3K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,660
Cap Rate 7%
$204,043
Cap Rate 9%
$158,700
Alternative Uses
Best Use
Multifamily LT 5
$204.0K
$178.5K – $238.1K
NOI $14,283 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$187.6K
$164.1K – $218.8K
NOI $13,129 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$286.7K
$250.9K – $334.5K
NOI $20,069 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Explore this area
Business Placement
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences feature refreshed kitchens, updated baths, and separate laundry within each unit.
Where is this duplex located?
The property is located at 1015-17 Saux Ln New Orleans, LA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom on each side; Refreshed kitchens and updated bathrooms in both residences; In‑unit laundry in each side of the duplex
