Residential Income Duplex
1205 DELERY Street New Orleans, LA 70117
1205 DELERY Street, New Orleans, LA, 70117
$260,000
For Sale
$260,000
MULTI_FAMILY - New Orleans, LA
Property Size2,004 SF
Lot Size0.12 Acres
Price / SF$129.74
Days on Market20
Property Features for 1205 DELERY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 39W212605
- Size
- 2,004 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- ST CLAUDE SUB DIV SQ 17 LOTS 7 8 50 X 104 DBLE 12/RM A/R 1203-05 DELERY & MARAIS STS
Utilities
- Heating system
- Ductless (Heating), Other (Heating)
- Cooling system
- Wall Unit(s), Ductless
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Cottage
Listing Agency
Witry Collective, L.L.C.
(504) 291-2022
3640 Magazine St, New Orleans, LA
Listed by
Katie Witry · License #995710150
(504) 453-2277
Added: Jun 30 Checked: Jul 19 at 5:06 am
MLS# 2565488
Listing URL
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.
Investment Insights
Based on property information with market context.
This residential income duplex cottage features a layout described as a double with distinct living areas rather than a shotgun style. The front portion includes a 2-bedroom, 2-bath setup, while the rear portion is described as a 1-bedroom, 1-bath apartment connected via a shared screen porch. The home is described with tall ceilings and wood floors, along with large living rooms designed for day-to-day living and entertaining.
The property is situated on a corner lot near Jackson Barracks, with access described as a block off St. Claude Avenue, supporting convenient travel to Orleans and St. Bernard Parishes. The lot size is listed as 50 by 140. The property is identified as being in flood zone X, and flood insurance is noted as recommended but not required.
The asset is offered for sale as part of a residential income property category and includes a total property size of 2,004 square feet.
The property is situated on a corner lot near Jackson Barracks, with access described as a block off St. Claude Avenue, supporting convenient travel to Orleans and St. Bernard Parishes. The lot size is listed as 50 by 140. The property is identified as being in flood zone X, and flood insurance is noted as recommended but not required.
The asset is offered for sale as part of a residential income property category and includes a total property size of 2,004 square feet.
Key Highlights
- 1920 cottage on a 50x140 corner lot in front of Jackson Barracks
- Double home layout: front 2‑bedroom/2‑bath unit with 3 independent bedrooms total, plus a rear 1‑bedroom/1‑bath apartment
- Shared screen porch connects the front unit and rear 1‑bedroom/1‑bath apartment
Local Financial Insights For Apartment 5plus
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 | $46.7k | $23.28 |
| − Vacancy | −$4.2k | −$2.12 |
| EGI | $42.4k | $21.16 |
| − OpEx | −$19.1k | −$9.52 |
| NOI | $23.3k | $11.64 |
2,004 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.5K
$317.2K – $422.9K
NOI $25,376 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$333.2K
$291.6K – $388.7K
NOI $23,324 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$509.4K
$445.7K – $594.3K
NOI $35,655 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Corner-lot duplex cottage with independent units and a shared screen porch in a flood zone X area.
Where is this duplex located?
The property is located at 1205 DELERY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1920 cottage on a 50x140 corner lot in front of Jackson Barracks; Double home layout: front 2‑bedroom/2‑bath unit with 3 independent bedrooms total, plus a rear 1‑bedroom/1‑bath apartment; Shared screen porch connects the front unit and rear 1‑bedroom/1‑bath apartment
