Maintained Duplex with Private
For Sale
$950,000
1412 Royal St, New Orleans, LA 70116
Historic character, modern updates, off-street parking, and a flexible lower-level unit support varied residential use.
Property Size2,832 SF
Price / SF$335.45
Days on Market51
Property Features for 1412 Royal St
General Information
Standard status
Active
Size
2,832 SF
Property subtype
Multi-Family
Building Details
Year Built
1923
Listing Agency:
REVE, REALTORS
Listed By:
Dana Kampovsky
(504) 444-7524
Source:
Fiorellaavenue
Added: Aug 18
Changed: Sep 14
Last Checked: Oct 5 at 10:52PM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
Built in 1923, this 2,832-square-foot duplex combines historic character with carefully maintained interiors and contemporary improvements. Wood flooring, high ceilings, plantation shutters, natural light, granite kitchen counters, stainless-steel appliances, a wine cooler, two porches, and substantial storage define the main residence. The lower unit was renovated in 2020 and includes one bedroom, one bathroom, laundry, and a private courtyard, providing flexibility for guests, extended household needs, office or studio use, or additional income potential.
The property is located at 1412 Royal St in New Orleans, within walking distance of the French Quarter and Frenchmen Street. Off-street parking, a whole-home generator, roll-down hurricane shutters, a water pressure booster pump, and a metal roof add practical functionality to the property.
The property is located at 1412 Royal St in New Orleans, within walking distance of the French Quarter and Frenchmen Street. Off-street parking, a whole-home generator, roll-down hurricane shutters, a water pressure booster pump, and a metal roof add practical functionality to the property.
Key Highlights
- 2,832 SF duplex built in 1923
- Lower unit renovated in 2020 with 1 bedroom, 1 bath, laundry, and private courtyard
- Two porches and generous off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,860
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,200
$717.2K
Cap Rate 7%
$512,286
$512.3K
Cap Rate 9%
$398,444
$398.4K
Market Conditions
NOI Build-Up for 2,832 SF
Gross rent
$56.1K $19.80/SF
− Vacancy
−$4.8K −$1.71/SF
EGI
$51.2K $18.09/SF
− OpEx
−$15.4K −$5.43/SF
NOI
$35.9K $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%
$717,200
Cap Rate 7%
$512,286
Cap Rate 9%
$398,444
Alternative Uses
Best Use
Multifamily LT 5
$512.3K
$448.3K – $597.7K
NOI $35,860 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$470.9K
$412.0K – $549.4K
NOI $32,961 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$719.8K
$629.8K – $839.8K
NOI $50,386 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,585
Businesses Nearby
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Historic character, modern updates, off-street parking, and a flexible lower-level unit support varied residential use.
Where is this duplex located?
The property is located at 1412 Royal St New Orleans, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,832 SF duplex built in 1923; Lower unit renovated in 2020 with 1 bedroom, 1 bath, laundry, and private courtyard; Two porches and generous off‑street parking
