Two-Unit Shotgun
For Sale
$235,000
1139 TOURO Street, New Orleans, LA 70116
Multifamily, New Orleans, LA
Property Size1,486 SF
Lot Size0.05 Acres
Price / SF$158.14
Days on Market32
Property Features for 1139 TOURO Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Lot features
Corner Lot
Directions
Touro Street towards St. Claude Avenue, home on the left a block before St. Claude at Marias
Standard status
Active
APN
37W103709
Size
1,486 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
SQ 388 LOT 1A OR 1 TOURO & MARAIS 32X64 DBLE W/FR 10/RM S/R 1139-41 TOURO ST
Legal Description
SQ 388 LOT 1A OR 1 TOURO & MARAIS 32X64 DBLE W/FR 10/RM S/R 1139-41 TOURO ST
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Amenities
rear shed
deck
Building Details
Year built
1880
Number of units
2
Building materials
Wood Siding
Architectural style
Shotgun
Buildings
1
Listing Agency:
Witry Collective, L.L.C.
(504) 291-2022
Listed By:
Katie A Witry · License #995710150
(504) 919-8585
Added: Sep 24
Changed: Oct 24
Last Checked: Oct 25 at 4:06PM
MLS# 2578742
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 1,486-square-foot duplex contains two side-by-side shotgun units of approximately 740 square feet each. The building dates to 1880 and sits on a 0.047-acre corner parcel measuring 32 by 64 feet. A rear shed and backyard deck provide additional storage and space for washer and dryer placement. Wood siding, window-unit cooling, public water, and public sewer serve the property. The exterior was painted in 2025 and the interior in 2026; tile covers wood flooring, whose condition is uncertain.
The property is within a historic district and zoned HMR-2, the Historic Marigny Residential Zoning District. The St. Claude Avenue corridor and Rampart/St. Claude Streetcar Line are about one block away. Nearby destinations named for the area include Walgreens, Robert's Fresh Market, Baldwin & Co., Ayu Bakehouse, and Frenchman Street. St. Bernard and Claiborne Avenues and I-10/I-610 access are a few blocks away.
The property is within a historic district and zoned HMR-2, the Historic Marigny Residential Zoning District. The St. Claude Avenue corridor and Rampart/St. Claude Streetcar Line are about one block away. Nearby destinations named for the area include Walgreens, Robert's Fresh Market, Baldwin & Co., Ayu Bakehouse, and Frenchman Street. St. Bernard and Claiborne Avenues and I-10/I-610 access are a few blocks away.
Key Highlights
- Two side‑by‑side shotgun units, approximately 740 square feet each; 1,486 square feet total
- 0.047‑acre corner lot measuring 32 x 64 feet
- HMR‑2 zoning in a historic district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,816
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,320
$376.3K
Cap Rate 7%
$268,800
$268.8K
Cap Rate 9%
$209,067
$209.1K
Market Conditions
NOI Build-Up for 1,486 SF
Gross rent
$29.4K $19.80/SF
− Vacancy
−$2.5K −$1.71/SF
EGI
$26.9K $18.09/SF
− OpEx
−$8.1K −$5.43/SF
NOI
$18.8K $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%
$376,320
Cap Rate 7%
$268,800
Cap Rate 9%
$209,067
Alternative Uses
Best Use
Multifamily LT 5
$268.8K
$235.2K – $313.6K
NOI $18,816 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$247.1K
$216.2K – $288.3K
NOI $17,295 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$377.7K
$330.5K – $440.6K
NOI $26,438 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,398
Businesses Nearby
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
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 - Corner-lot property in the Historic Marigny Residential Zoning District, near the St. Claude Streetcar Line.
Where is this duplex located?
The property is located at 1139 TOURO Street New Orleans, LA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two side‑by‑side shotgun units, approximately 740 square feet each; 1,486 square feet total; 0.047‑acre corner lot measuring 32 x 64 feet; HMR‑2 zoning in a historic district
