Two-Unit Residential Income
1328 Ptolemy Street New Orleans, LA 70114
1328 Ptolemy Street, New Orleans, LA, 70114
$249,000
For Sale
$249,000
Duplex with two separate units, each separately metered for water and electricity, plus washer/dryer hookups.
Property Size1,662 SF
Price / SF$149.82
Days on Market326
Property Features for 1328 Ptolemy Street
General Information
- Standard status
- Active
- Size
- 1,662 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2013
Listing agency
Robert Wolfe Real Estate, Inc.
(504) 393-2445
Listed by
Robert Wolfe · License #000001251
(504) 393-2445
Source
Compass
Added: Aug 31, 2025 Updated: Jul 22 at 12:03AM Checked: Jul 22 at 12:03AM
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 Robert Wolfe Real Estate, Inc.
Investment Insights
Based on property information with market context.
This duplex offers two residential units with separate utility metering for water and electricity. Unit A is currently rented, while Unit B is vacant and available for easy showings. The property includes front and rear porches, with a ramp on the left side providing access to the rear entrance, and washer/dryer hookups in place for convenient in-unit laundry setup.
A rear entrance is supported by the on-site ramp, and both porches provide usable outdoor space for daily living. Separate metering can support clearer utility management between units.
The building configuration and separate utilities make the property well-suited for either owner-occupancy with a tenant or continued rental use as a residential income investment.
A rear entrance is supported by the on-site ramp, and both porches provide usable outdoor space for daily living. Separate metering can support clearer utility management between units.
The building configuration and separate utilities make the property well-suited for either owner-occupancy with a tenant or continued rental use as a residential income investment.
Key Highlights
- Duplex with two separate units, each separately metered for water and electricity
- 1‑story duplex built in 2013 with 4 bedrooms and 2 full bathrooms
- Central air and central heating
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 | $32.9k | $19.80 |
| − Vacancy | −$2.8k | −$1.71 |
| EGI | $30.1k | $18.09 |
| − OpEx | −$9.0k | −$5.43 |
| NOI | $21.0k | $12.66 |
1,662 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.6K
$263.1K – $350.8K
NOI $21,045 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$276.3K
$241.8K – $322.4K
NOI $19,344 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$422.4K
$369.6K – $492.8K
NOI $29,570 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two separate units, each separately metered for water and electricity, plus washer/dryer hookups.
Where is this duplex located?
The property is located at 1328 Ptolemy Street New Orleans, LA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Duplex with two separate units, each separately metered for water and electricity; 1‑story duplex built in 2013 with 4 bedrooms and 2 full bathrooms; Central air and central heating
