Raised-Basement Duplex with Private
1124-22 North Johnson Street New Orleans, LA 70116
1124-22 North Johnson Street, New Orleans, LA, 70116
$439,999
For Sale
$439,999
Two-story raised-basement duplex in an X-flood zone with dual-zone central A/C, in-unit laundry, fenced backyards, and off-street parking.
Property Size2,850 SF
Price / SF$154.39
Days on Market151
Property Features for 1124-22 North Johnson Street
General Information
- Standard status
- Active
- Size
- 2,850 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 999
Listing agency
Bennette Dukes Realty LLC
(504) 644-1111
Listed by
Danielle Bennette · License #995696479
(504) 644-1111
Source
Compass
Added: Feb 21 Updated: Jul 22 at 8:09AM Checked: Jul 22 at 8:09AM
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 Bennette Dukes Realty LLC
Investment Insights
Based on property information with market context.
This two-story raised-basement duplex offers a spacious, light-filled layout with historic charm and contemporary updates. The property is configured as a double with 6 bedrooms and 4 bathrooms total, soaring ceilings, hardwood floors, and granite countertops. Comfort and durability include dual-zone central A/C and heat, along with a newer metal roof. Each side has its own washer and dryer, along with substantial storage, and a private, fenced backyard.
Located in the Treme/Esplanade Ridge area, the home is described as being within walking distance of the French Quarter, Fair Grounds, and City Park. The property also includes dedicated off-street parking for each side, and the remarks note easy access to I-10.
Located in the Treme/Esplanade Ridge area, the home is described as being within walking distance of the French Quarter, Fair Grounds, and City Park. The property also includes dedicated off-street parking for each side, and the remarks note easy access to I-10.
Key Highlights
- Two‑story raised‑basement duplex with 6 bedrooms and 4 full bathrooms (2 units).
- X‑flood zone duplex with dual‑zone central A/C and central heating for year‑round comfort.
- Metal roof and slab traditional foundation; porch on the exterior.
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 | $56.4k | $19.80 |
| − Vacancy | −$4.9k | −$1.71 |
| EGI | $51.6k | $18.09 |
| − OpEx | −$15.5k | −$5.43 |
| NOI | $36.1k | $12.66 |
2,850 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$515.5K
$451.1K – $601.5K
NOI $36,088 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$473.9K
$414.6K – $552.9K
NOI $33,171 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$724.4K
$633.8K – $845.1K
NOI $50,706 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-story raised-basement duplex in an X-flood zone with dual-zone central A/C, in-unit laundry, fenced backyards, and off-street parking.
Where is this duplex located?
The property is located at 1124-22 North Johnson Street New Orleans, LA.
What is the asking price?
The asking price for this property is $439,999.
What are key features of this property?
This property features: Two‑story raised‑basement duplex with 6 bedrooms and 4 full bathrooms (2 units).; X‑flood zone duplex with dual‑zone central A/C and central heating for year‑round comfort.; Metal roof and slab traditional foundation; porch on the exterior.
