Modern Bywater Double Built
1119-21 Bartholomew Street New Orleans, LA 70117
1119-21 Bartholomew Street, New Orleans, LA, 70117
$485,000
For Sale
$485,000
Built in 2022, modern Bywater double with strong rental potential.
Property Size2,376 SF
Price / SF$204.12
Days on Market148
Property Features for 1119-21 Bartholomew Street
General Information
- Standard status
- Active
- Size
- 2,376 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1930
Listing Agency
Compass Uptown
(504) 417-5131
Listed by
Melissa Mcclendon · License #995704113
(504) 417-5131
Source
Compass
Added: Feb 19 Checked: Jul 17 at 5:31 am
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 Compass Uptown
Investment Insights
Based on property information with market context.
Located in the Bywater neighborhood, 1119-1121 Bartholomew Street is a double property constructed in 2022. Each unit features quartz countertops, stainless steel appliances, designer tile backsplashes, and new Forno stoves and refrigerators. The interiors feature fresh paint and hardwood floors. Exposed wood ceiling beams add architectural interest, complemented by large windows that provide natural light. The kitchens include waterfall islands. Primary bathrooms offer double vanities, walk-in showers with rain heads, and freestanding soaking tubs. A rear porch extends the living space outdoors. The Bywater neighborhood is known for its colorful homes, arts scene, and restaurants and cafes. Investment options include living in one unit and renting the other, leasing both for long-term income, or exploring short-term rental opportunities, subject to local regulations. The property size is 2,376 square feet. The appraised value is $540,000.
Key Highlights
- Newly built (2022) double in the desirable Bywater neighborhood.
- Strong income‑producing potential with flexible investment options.
- Modern finishes including quartz countertops, stainless steel appliances, designer tile, and hardwood floors.
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 | $47.0k | $19.80 |
| − Vacancy | −$4.1k | −$1.71 |
| EGI | $43.0k | $18.09 |
| − OpEx | −$12.9k | −$5.43 |
| NOI | $30.1k | $12.66 |
2,376 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$429.8K
$376.1K – $501.4K
NOI $30,086 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$395.1K
$345.7K – $460.9K
NOI $27,654 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$603.9K
$528.4K – $704.6K
NOI $42,273 @ 7.0% cap · market cap 8.72%
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 - Built in 2022, modern Bywater double with strong rental potential.
Where is this duplex located?
The property is located at 1119-21 Bartholomew Street New Orleans, LA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Newly built (2022) double in the desirable Bywater neighborhood.; Strong income‑producing potential with flexible investment options.; Modern finishes including quartz countertops, stainless steel appliances, designer tile, and hardwood floors.