1021 POLAND Avenue, New Orleans, LA 70117
COMMERCIAL - New Orleans, LA
- Added:
- Jul 6, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 6 at 11:06 pm
Property Features for 1021 POLAND Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HMR3
- Parking features
- Off Street, Garage
- Standard status
- Active
- APN
- 1023-POLANDAV
- Size
- 2,944 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- SQ 349 LOTS 6 7 POLAND 53X100 1 1/2 ST FR/DBLE 12/RM C/R C/PORT 1021 1023 P OLAND AV
Utilities
- Water source
- Public
Building Details
- Year built
- 1919
- Floors in Building
- 2
Listing agent Michael Styles License #995690479 (504) 862-0100
Listing office Keller Williams Realty New Orleans 8601 Leake Ave., New Orleans, LA (504) 862-0100
Listing date Jul 6, 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.
HighLights
- Camelback duplex plus garden house on an oversized lot in the Bywater
- Zoned HMR‑3; built in 1919
- Off‑street parking and a garage; public water service
- Updates include full exterior paint, sewer line servicing the units, and complete ductwork replacement
- Rebuilt back balcony and deck, plus a fully fenced private patio and covered front porch
- Units feature a non‑shotgun layout with bonus rooms off the primary bedrooms; property in preferred Flood Zone X
Overview
The home sits in Flood Zone X and is zoned HMR-3. Outdoor spaces are a strong component of the layout, with a covered front porch, a fully fenced private patio, and a newly rebuilt back balcony with views of the Mississippi River. The driveway is currently used as additional patio space and could be converted back to accommodate at least two vehicles.
For buyers seeking an owner-occupant setup or an income-focused residential asset, the combination of duplex living and an accessory structure supports a flexible arrangement. With in-place updates to major building systems and multiple outdoor gathering areas, the property is positioned for tenants or residents who value historic details alongside practical, livable room layouts.
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 | $58.3k | $19.80 |
| − Vacancy | −$5.0k | −$1.71 |
| EGI | $53.3k | $18.09 |
| − OpEx | −$16.0k | −$5.43 |
| NOI | $37.3k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0315321
- Latitude
- 29.9639461
