Renovated Two-Unit
1300 Congress Street, New Orleans, LA 70117
For Sale
$299,000
Central air, off-street parking, and a transferable roof warranty serve both units.
Property Size1,586 SF
Price / SF$188.52
Days on Market83
Property Features for 1300 Congress Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Year Renovated
Buildings
Units
Listing Agency:
Upper Management Realty, LLC
(504) 895-1241
Listed By:
Olivia M Ford · License LA #995686875
(504) 343-1837
Source:
Donaldjulienrealestate
Added: Aug 24
Changed: Nov 9
Last Checked: Nov 13 at 7:03PM
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 Upper Management Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,586-square-foot duplex was built in 1900 and renovated in 2019. The two-unit layout includes an updated floorplan, original wood flooring, and central air. Off-street parking is available, and the roof warranty can transfer to a new owner. The property is in an X flood zone.
At 1300 Congress Street in New Orleans, the duplex is near Downtown, Bywater restaurants, and parks.
At 1300 Congress Street in New Orleans, the duplex is near Downtown, Bywater restaurants, and parks.
Key Highlights
- Two‑unit duplex with 1,586 square feet
- Renovations completed in 2019; original wood floors remain
- Central air and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,083
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,660
$401.7K
Cap Rate 7%
$286,900
$286.9K
Cap Rate 9%
$223,144
$223.1K
Market Conditions
NOI Build-Up for 1,586 SF
Gross rent
$31.4K $19.80/SF
− Vacancy
−$2.7K −$1.71/SF
EGI
$28.7K $18.09/SF
− OpEx
−$8.6K −$5.43/SF
NOI
$20.1K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,660
Cap Rate 7%
$286,900
Cap Rate 9%
$223,144
Alternative Uses
Best Use
Multifamily LT 5
$286.9K
$251.0K – $334.7K
NOI $20,083 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$263.7K
$230.7K – $307.7K
NOI $18,459 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$403.1K
$352.7K – $470.3K
NOI $28,218 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,190
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
$247,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Central air, off-street parking, and a transferable roof warranty serve both units.
Where is this duplex located?
The property is located at 1300 Congress Street New Orleans, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,586 square feet; Renovations completed in 2019; original wood floors remain; Central air and off‑street parking
