Historic Two-Unit
For Sale
$169,000
1324 GENERAL OGDEN Street, New Orleans, LA 70118
Multi-Family, Shot Gun, New Orleans, LA
Property Size1,036 SF
Lot Size0.04 Acres
Price / SF$163.13
Days on Market51
Property Features for 1324 GENERAL OGDEN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Porch, Window Screens
Lot features
Regular
Subdivision
Leonidas
Standard status
Active
APN
716203107
Size
1,036 SF
Lot size
0.04 Acres
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
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Cameron Smith
(504) 345-9996
Added: Aug 16
Changed: Sep 29
Last Checked: Oct 5 at 1:06PM
MLS# 2572276
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.
Built in 1930, this two-unit duplex contains 1,036 square feet on a 0.0413-acre lot. Each side is arranged with one bedroom and one bathroom. A porch and shingle roof are among the property’s existing features; the roof was replaced after Hurricane Ida. The building is currently configured as a duplex and may be eligible for historic rehabilitation tax credits, subject to buyer verification.
The two sides have different mechanical setups: 1324 General Ogden Street has central heat and air, while 1326 has window units and space heaters. Mini-split systems are inoperable. Electric service is separately metered, and the units share water service. The property is in Flood Zone X.
The two sides have different mechanical setups: 1324 General Ogden Street has central heat and air, while 1326 has window units and space heaters. Mini-split systems are inoperable. Electric service is separately metered, and the units share water service. The property is in Flood Zone X.
Key Highlights
- Two‑unit layout with one bedroom and one bathroom on each side
- 1,036 square feet on a 0.0413‑acre lot
- Built in 1930; roof installed after Hurricane Ida
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has one bedroom and one bathroom, and the property has separate electric meters.
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 layout with one bedroom and one bathroom on each side; 1,036 square feet on a 0.0413‑acre lot; Built in 1930; roof installed after Hurricane Ida
