Turnkey Double Duplex
1218-20 Bartholomew Street New Orleans, LA 70117
1218-20 Bartholomew Street, New Orleans, LA, 70117
$359,000
For Sale
$359,000
Fully renovated 2019–2020 double duplex offers two updated 2-bedroom homes with modern systems and original character details.
Property Size1,794 SF
Price / SF$200.11
Days on Market31
Property Features for 1218-20 Bartholomew Street
General Information
- Standard status
- Active
- Size
- 1,794 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1910
Listing agency
Compass
(504) 343-6683
Listed by
John Schaff · License #912124217
(504) 343-6683
Source
Compass
Added: Jun 22 Updated: Jul 21 at 7:38PM Checked: Jul 21 at 7:38PM
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 Compass
Investment Insights
Based on property information with market context.
This turnkey double duplex was beautifully restored and fully renovated in 2019–2020, preserving original architectural character while updating the property throughout. The residence includes two separate homes, and each unit features 2 bedrooms and 1 full bathroom. Interiors are highlighted by soaring ceilings, original heart pine floors, oversized windows, classic pocket doors, and spacious double parlors that create a bright, open feel. Kitchens include custom cabinetry, stone countertops, stainless steel appliances, and ample storage. Bathrooms were renovated with clean, timeless finishes.
The property also includes updated electrical, plumbing, HVAC systems, roof, and insulation, providing a foundation of modern reliability. An expansive rear deck overlooks the backyard, offering an outdoor space for dining or relaxation.
Located at 1218–20 Bartholomew Street, the property sits just across St. Claude from the Bywater.
The property also includes updated electrical, plumbing, HVAC systems, roof, and insulation, providing a foundation of modern reliability. An expansive rear deck overlooks the backyard, offering an outdoor space for dining or relaxation.
Located at 1218–20 Bartholomew Street, the property sits just across St. Claude from the Bywater.
Key Highlights
- Fully renovated in 2019–2020 St. Claude double with updated electrical, plumbing, HVAC, roof, and insulation
- Double offers two residences, each with 2 bedrooms and 1 full bathroom
- Original character features include heart pine floors, pocket doors, and soaring ceilings
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 | $35.5k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.5k | $18.09 |
| − OpEx | −$9.7k | −$5.43 |
| NOI | $22.7k | $12.66 |
1,794 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.5K
$284.0K – $378.6K
NOI $22,717 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$298.3K
$261.0K – $348.0K
NOI $20,880 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$456.0K
$399.0K – $532.0K
NOI $31,918 @ 7.0% cap · market cap 8.89%
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 - Fully renovated 2019–2020 double duplex offers two updated 2-bedroom homes with modern systems and original character details.
Where is this duplex located?
The property is located at 1218-20 Bartholomew Street New Orleans, LA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Fully renovated in 2019–2020 St. Claude double with updated electrical, plumbing, HVAC, roof, and insulation; Double offers two residences, each with 2 bedrooms and 1 full bathroom; Original character features include heart pine floors, pocket doors, and soaring ceilings
