Updated Duplex with Private
For Sale
$289,000
1216 18 Louisa Street, New Orleans, LA 70117
Fully occupied duplex with in-unit washer and dryer plus private backyard space for each unit.
Days on Market10
Property Features for 1216 18 Louisa Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
washer and dryer
private backyard space
built-in bookshelves
Building Details
Building Size
2,011 SF
Year Built
1900
Stories
2
Tenancy
Multi
Listing Agency:
Reve, Realtors
(504) 520-9255
Listed By:
Kate Kancheva
(504) 520-9255
Source:
Nolalivingrealty
Added: Jul 22
Changed: Jul 27
Last Checked: Jul 30 at 12:47PM
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 Reve, Realtors
Investment Insights
Based on property information with market context.
This thoughtfully updated and fully occupied duplex at 1216–1218 Louisa offers two separate residences with convenient in-unit washer and dryer, private backyard space, and built-in bookshelves that will remain with the property.
Improvements are highlighted on both sides. The 1218 residence includes an updated kitchen and bathroom, along with refinished hardwood floors. The 1216 side features refinished flooring throughout, updated appliances, plumbing updates, rebuilt piers following house leveling, and a newly installed ductless heating system in the second-floor bedroom.
The spacious rear yard includes loquat and fig trees, adding outdoor character to the property. The property is located in an X Flood Zone, with an assumable flood insurance policy available.
Improvements are highlighted on both sides. The 1218 residence includes an updated kitchen and bathroom, along with refinished hardwood floors. The 1216 side features refinished flooring throughout, updated appliances, plumbing updates, rebuilt piers following house leveling, and a newly installed ductless heating system in the second-floor bedroom.
The spacious rear yard includes loquat and fig trees, adding outdoor character to the property. The property is located in an X Flood Zone, with an assumable flood insurance policy available.
Key Highlights
- Fully occupied duplex with separate in‑unit washer and dryer plus private backyard space for each unit
- 1218 unit updates include a new kitchen and bathroom; hardwood floors refinished
- 1216 unit includes refinished flooring, updated appliances, plumbing updates, and rebuilt piers after house leveling
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 | $39.8k | $19.80 |
| − Vacancy | −$3.4k | −$1.71 |
| EGI | $36.4k | $18.09 |
| − OpEx | −$10.9k | −$5.43 |
| NOI | $25.5k | $12.66 |
2,011 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$363.8K
$318.3K – $424.4K
NOI $25,464 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$334.4K
$292.6K – $390.1K
NOI $23,406 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$511.1K
$447.2K – $596.3K
NOI $35,779 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,432
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with in-unit washer and dryer plus private backyard space for each unit.
Where is this duplex located?
The property is located at 1216 18 Louisa Street New Orleans, LA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Fully occupied duplex with separate in‑unit washer and dryer plus private backyard space for each unit; 1218 unit updates include a new kitchen and bathroom; hardwood floors refinished; 1216 unit includes refinished flooring, updated appliances, plumbing updates, and rebuilt piers after house leveling
