Cottage Duplex with Guest
For Sale
$649,900
1018 St Ferdinand, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size2,490 SF
Lot Size0.10 Acres
Price / SF$261
Days on Market11
Property Features for 1018 St Ferdinand
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3
Subdivision
Marigny
Lot features
Back Yard
Elementary school district
Orleans Parish
Middle school district
Orleans Parish
High school district
Orleans Parish
Directions
I-10E to 236A Esplanade Ave exit. R on Esplanade, L on Henriette Delille, R on Kerlerec St, L on N Rampart, R on Saint Ferdinand St.
Standard status
Active
APN
1018-STFERDINANDST
Size
2,490 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
Sq 366 Lot 11 St Ferdinand 32X131 Dble 5/Rm Ea A/R 1016-18 St Ferdinand St
Tax Annual Amount
7943
Legal Description
Sq 366 Lot 11 St Ferdinand 32X131 Dble 5/Rm Ea A/R 1016-18 St Ferdinand St
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
exposed brick fireplaces
stainless steel appliances
fully fenced backyard
covered deck
washer and dryer
Building Details
Year built
1890
Number of units
2
Building materials
Wood Siding
Roof type
Shingle, Asphalt
Architectural style
Cottage
Buildings
1
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Cameron Clinton Smith · License #995719644
(504) 345-9996
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 31 at 1:06AM
MLS# 200HKE
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,490-square-foot cottage duplex, built circa 1890, pairs original hardwood floors, high ceilings, and brick fireplaces with a renovated interior. The main residence has a spacious kitchen with marble counters and stainless steel appliances. An attached guest suite adds an efficiency kitchen, full bathroom with walk-in shower, and washer and dryer. Outside, a fenced backyard includes a covered deck. The property sits on a 0.1-acre lot and is in Flood Zone X.
At 1018 St. Ferdinand Street in New Orleans, the property is near neighborhood coffee shops, restaurants, and the St. Claude arts corridor. The French Quarter, Bywater, Crescent Park, and Frenchmen Street are also identified as accessible nearby destinations.
At 1018 St. Ferdinand Street in New Orleans, the property is near neighborhood coffee shops, restaurants, and the St. Claude arts corridor. The French Quarter, Bywater, Crescent Park, and Frenchmen Street are also identified as accessible nearby destinations.
Key Highlights
- 2,490‑square‑foot duplex on a 0.1‑acre lot
- Built circa 1890; cottage architectural style
- Attached guest suite with efficiency kitchen, full bathroom, and washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,530
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,600
$630.6K
Cap Rate 7%
$450,429
$450.4K
Cap Rate 9%
$350,333
$350.3K
Market Conditions
NOI Build-Up for 2,490 SF
Gross rent
$49.3K $19.80/SF
− Vacancy
−$4.3K −$1.71/SF
EGI
$45.0K $18.09/SF
− OpEx
−$13.5K −$5.43/SF
NOI
$31.5K $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 Rate 5%
$630,600
Cap Rate 7%
$450,429
Cap Rate 9%
$350,333
Alternative Uses
Best Use
Multifamily LT 5
$450.4K
$394.1K – $525.5K
NOI $31,530 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$414.0K
$362.3K – $483.0K
NOI $28,981 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$632.9K
$553.8K – $738.4K
NOI $44,301 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,871
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A separate attached suite includes an efficiency kitchen, full bathroom, and its own washer and dryer.
Where is this duplex located?
The property is located at 1018 St Ferdinand New Orleans, LA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,490‑square‑foot duplex on a 0.1‑acre lot; Built circa 1890; cottage architectural style; Attached guest suite with efficiency kitchen, full bathroom, and washer and dryer
