Shotgun-Style
For Sale
$169,000
1324 GENERAL OGDEN Street, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size1,036 SF
Lot Size0.04 Acres
Price / SF$163.13
Days on Market69
Property Features for 1324 GENERAL OGDEN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Patio and Porch features
Porch
Directions
S. Claiborne to Leonidas, R on Willow, L on Gen Ogden.
Standard status
Active
APN
716203107
Size
1,036 SF
Lot size
0.04 Acres
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Description
SQ 172 LOT 7 GEN OGDEN 30 X 60 1324-26 GEN OGDEN
Legal Description
SQ 172 LOT 7 GEN OGDEN 30 X 60 1324-26 GEN OGDEN
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1930
Number of units
2
Building materials
Wood Siding
Architectural style
Shotgun
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Cameron Clinton Smith · License #995719644
(504) 345-9996
Added: Aug 16
Changed: Oct 23
Last Checked: Oct 23 at 6:06PM
MLS# 2572276
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1930, this wood-sided shotgun-style duplex contains 1,036 square feet on a 0.0413-acre lot. Each side is configured with one bedroom and one bathroom. The property has a porch, public water and sewer, and natural gas available. A replacement roof was installed after Hurricane Ida, and the property is in Flood Zone X.
Heating and cooling differ between the units: the 1324 side has central heat and air, while the 1326 side has window units and space heaters. Mini-split systems are inoperable. The duplex is near the Oak Street corridor, with access to Carrollton, Riverbend, Uptown, and the Mississippi River greenway.
Heating and cooling differ between the units: the 1324 side has central heat and air, while the 1326 side has window units and space heaters. Mini-split systems are inoperable. The duplex is near the Oak Street corridor, with access to Carrollton, Riverbend, Uptown, and the Mississippi River greenway.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom on each side
- 1,036 square feet on a 0.0413‑acre lot
- 1930 construction with shotgun architectural style and wood siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,118
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,360
$262.4K
Cap Rate 7%
$187,400
$187.4K
Cap Rate 9%
$145,756
$145.8K
Market Conditions
NOI Build-Up for 1,036 SF
Gross rent
$20.5K $19.80/SF
− Vacancy
−$1.8K −$1.71/SF
EGI
$18.7K $18.09/SF
− OpEx
−$5.6K −$5.43/SF
NOI
$13.1K $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%
$262,360
Cap Rate 7%
$187,400
Cap Rate 9%
$145,756
Alternative Uses
Best Use
Multifamily LT 5
$187.4K
$164.0K – $218.6K
NOI $13,118 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$172.3K
$150.7K – $201.0K
NOI $12,058 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$263.3K
$230.4K – $307.2K
NOI $18,432 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each side includes one bedroom and one bathroom, with separate electric meters and shared water service.
Where is this duplex located?
The property is located at 1324 GENERAL OGDEN Street New Orleans, LA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom on each side; 1,036 square feet on a 0.0413‑acre lot; 1930 construction with shotgun architectural style and wood siding
