Updated Duplex with Private
1216 LOUISA Street New Orleans, LA 70117
New
1216 LOUISA Street, New Orleans, LA, 70117
$289,000
For Sale
$289,000
MULTI_FAMILY - New Orleans, LA
Property Size2,011 SF
Lot Size0.11 Acres
Price / SF$143.71
Days on Market2
Property Features for 1216 LOUISA Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Standard status
- Active
- APN
- 39W303436
- Size
- 2,011 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- SQ 481 LOT 1 LOUISA 34X140 FR/DBLE 10/RMS C/R 1216-18 LOUISA ST
Utilities
- Heating system
- Ductless (Heating), Other (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
REVE, REALTORS
(504) 300-0700
Listed by
Kate Kancheva
(504) 300-0700
Added: Jul 22 Checked: Jul 23 at 8:06AM
MLS# 2566949
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 thoughtfully updated, fully occupied duplex includes two separate residences at 1216 and 1218 Louisa Street. The 1218 unit features updated kitchen and bathroom finishes, along with refinished hardwood floors. The 1216 side includes refinished flooring throughout, updated appliances, updated plumbing, rebuilt piers following house leveling, and a newly installed ductless heating system in the second-floor bedroom. Each unit offers its own washer and dryer and private backyard space, and built-in bookshelves that will remain with the property.
The rear yard provides outdoor space and includes loquat and fig trees. The property is located in an X Flood Zone, and an assumable flood insurance policy is available.
The asset is listed for sale and is configured as a duplex with updated interiors and improvements to major building elements, including rebuilt piers after leveling.
The rear yard provides outdoor space and includes loquat and fig trees. The property is located in an X Flood Zone, and an assumable flood insurance policy is available.
The asset is listed for sale and is configured as a duplex with updated interiors and improvements to major building elements, including rebuilt piers after leveling.
Key Highlights
- Well‑maintained double at 1216‑18 Louisa with both units fully occupied
- Improvements include refinished flooring, updated appliances, and plumbing on the 1216 side, plus rebuilt piers after house leveling
- 1218 unit has updated kitchen and bathroom, and hardwood floors have been refinished
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully occupied, thoughtfully updated duplex with in-unit washer and dryer and private backyard space for each unit.
Where is this duplex located?
The property is located at 1216 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: Well‑maintained double at 1216‑18 Louisa with both units fully occupied; Improvements include refinished flooring, updated appliances, and plumbing on the 1216 side, plus rebuilt piers after house leveling; 1218 unit has updated kitchen and bathroom, and hardwood floors have been refinished
