Back to Search
Modern Bywater Double Built 2022

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
Listed by Melissa Mcclendon · License #995704113
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 (±1% cap)
NOI $30,086 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$395.1K
$345.7K – $460.9K (±1% cap)
NOI $27,654 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$603.9K
$528.4K – $704.6K (±1% cap)
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

Suggested Use

Law Firm Skin Care Clinic Kitchen & Bath Showroom Bakery (Bike/Boat/Book/etc) Store Electrical Service Parking Lot & Garage Acupuncture Home Appliance Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

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.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message