Duplex with Separate
1339 Constance Street, New Orleans, LA 70130
For Sale
$799,000
A three-bedroom primary residence is paired with a self-contained one-bedroom apartment for flexible occupancy.
Property Size2,491 SF
Price / SF$320.75
Days on Market68
Property Features for 1339 Constance Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Units
Listing Agency:
Compass Metro
(504) 888-4585
Listed By:
Eric Stephens · License LA #995700395
(504) 616-3676
Source:
Donaldjulienrealestate
Added: Sep 4
Changed: Nov 10
Last Checked: Nov 10 at 7:28PM
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 Compass Metro
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Investment Insights
Based on property information with market context.
Built in 2014, this 2,491-square-foot duplex pairs a three-bedroom, two-and-a-half-bath main residence with a separate one-bedroom, one-bath apartment. Interior details include heart pine flooring, high ceilings, custom kitchen cabinetry, handcrafted bathroom vanities, and solid Alder doors. The apartment is independently configured and can accommodate guests, multigenerational living, or a long-term rental.
The property is at 1339 Constance Street in New Orleans’ Lower Garden District, on a corner site.
The property is at 1339 Constance Street in New Orleans’ Lower Garden District, on a corner site.
Key Highlights
- 2,491‑square‑foot duplex built in 2014
- Main residence has 3 bedrooms and 2.5 baths
- Separate one‑bedroom, one‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,542
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,840
$630.8K
Cap Rate 7%
$450,600
$450.6K
Cap Rate 9%
$350,467
$350.5K
Market Conditions
NOI Build-Up for 2,491 SF
Gross rent
$49.3K $19.80/SF
− Vacancy
−$4.3K −$1.71/SF
EGI
$45.1K $18.09/SF
− OpEx
−$13.5K −$5.43/SF
NOI
$31.5K $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%
$630,840
Cap Rate 7%
$450,600
Cap Rate 9%
$350,467
Alternative Uses
Best Use
Multifamily LT 5
$450.6K
$394.3K – $525.7K
NOI $31,542 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$414.2K
$362.4K – $483.2K
NOI $28,992 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$633.1K
$554.0K – $738.7K
NOI $44,319 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,899
Businesses Nearby
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Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
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Market
Average Price Trend$/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 - A three-bedroom primary residence is paired with a self-contained one-bedroom apartment for flexible occupancy.
Where is this duplex located?
The property is located at 1339 Constance Street New Orleans, LA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,491‑square‑foot duplex built in 2014; Main residence has 3 bedrooms and 2.5 baths; Separate one‑bedroom, one‑bath apartment
