Raised Duplex with Shared
1207-09 South Clark Street New Orleans, LA 70125
1207-09 South Clark Street, New Orleans, LA, 70125
$155,000
For Sale
$155,000
Each side offers a one-bedroom layout with an indoor laundry area and access to a shared backyard.
Property Size1,166 SF
Price / SF$132.93
Days on Market134
Property Features for 1207-09 South Clark Street
General Information
- Standard status
- Active
- Size
- 1,166 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1931
Listing agency
LATTER & BLUM
(504) 887-7878
Listed by
Jodie LeBoutillier · License #000077803
(504) 887-7878
Source
Compass
Added: Mar 12 Updated: Jul 21 at 1:58PM Checked: Jul 22 at 9:40AM
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 LATTER & BLUM
Investment Insights
Based on property information with market context.
This raised double duplex provides a one-bedroom, one-large-bath configuration on each side, with an open-concept kitchen and living room. Each unit includes indoor laundry space for a washer and dryer, and the property also features a shared backyard area.
Located on a convenient, quiet one-block street with close proximity to Xavier University, the Central Business District, and the Superdome, the duplex offers an owner-controlled residential income setup with consistent unit layouts.
The owner has three duplex properties for sale on the same block, creating the option to purchase all three and own six total rental units. Comparables and an appraiser agree that each unit could bring in $900–$1,000 per unit, with monthly rental income potential of $5,400–$6,000 for all units.
Located on a convenient, quiet one-block street with close proximity to Xavier University, the Central Business District, and the Superdome, the duplex offers an owner-controlled residential income setup with consistent unit layouts.
The owner has three duplex properties for sale on the same block, creating the option to purchase all three and own six total rental units. Comparables and an appraiser agree that each unit could bring in $900–$1,000 per unit, with monthly rental income potential of $5,400–$6,000 for all units.
Key Highlights
- 2‑story (1‑story) raised double duplex built in 1931 with vinyl siding and asphalt roof
- 2‑bed, 2‑bath layout with one bedroom and a large bath on each side
- Each unit features an open‑concept kitchen and living room
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 | $27.1k | $23.28 |
| − Vacancy | −$2.5k | −$2.12 |
| EGI | $24.7k | $21.16 |
| − OpEx | −$11.1k | −$9.52 |
| NOI | $13.6k | $11.64 |
1,166 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$210.9K
$184.6K – $246.1K
NOI $14,764 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$193.9K
$169.6K – $226.2K
NOI $13,571 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$296.4K
$259.3K – $345.8K
NOI $20,745 @ 7.0% cap · market cap 13.38%
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 - Each side offers a one-bedroom layout with an indoor laundry area and access to a shared backyard.
Where is this duplex located?
The property is located at 1207-09 South Clark Street New Orleans, LA.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 2‑story (1‑story) raised double duplex built in 1931 with vinyl siding and asphalt roof; 2‑bed, 2‑bath layout with one bedroom and a large bath on each side; Each unit features an open‑concept kitchen and living room
