Historic-Zoned Duplex with Shotgun
For Sale
$410,000
1701 henriette delille street, New Orleans, LA 70116
Two residential units feature bright interiors, high ceilings, original mantels, wood floors, and separate rear utility areas.
Property Size1,496 SF
Price / SF$274.06
Days on Market947
Property Features for 1701 henriette delille street
General Information
Standard status
Active
Size
1,496 SF
Property subtype
Retail
Zoning
HMC-2
Amenities
ceiling fans
stainless steel appliances
gas range
window units
Water
Sewer
Building Details
Year Built
1923
Listing Agency:
eXp Realty
Listed By:
Adrienne LaBauve · License #995684424
(504) 344-0877
Source:
Lacdb.resimplifi
Added: Mar 18, 2024
Changed: Oct 6
Last Checked: Oct 19 at 3:17AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This duplex, built in 1923, contains two residences arranged in a shotgun-style configuration. Each side includes 2 rooms and 1 bath, with a kitchen, bathroom, and utility room positioned toward the rear. Interior details include high ceilings, ceiling fans, original mantels, wood flooring, window units, stainless steel appliances, and gas ranges.
The property is located blocks from the Marigny, French Quarter, and Esplanade Avenue, with restaurants, live music, art markets, and Frenchmen Street nearby. HMC-2 zoning identifies the site as part of the Historic Marigny/Tremé/Bywater Commercial District and supports residential/commercial potential. Permitted uses should be independently verified.
The property is located blocks from the Marigny, French Quarter, and Esplanade Avenue, with restaurants, live music, art markets, and Frenchmen Street nearby. HMC-2 zoning identifies the site as part of the Historic Marigny/Tremé/Bywater Commercial District and supports residential/commercial potential. Permitted uses should be independently verified.
Key Highlights
- Duplex with two 2‑room/1‑bath residences
- Each side includes a kitchen, bathroom, and rear utility room
- Built in 1923 with original mantels and wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,943
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,860
$378.9K
Cap Rate 7%
$270,614
$270.6K
Cap Rate 9%
$210,478
$210.5K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$29.6K $19.80/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$27.1K $18.09/SF
− OpEx
−$8.1K −$5.43/SF
NOI
$18.9K $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%
$378,860
Cap Rate 7%
$270,614
Cap Rate 9%
$210,478
Alternative Uses
Best Use
Multifamily LT 5
$270.6K
$236.8K – $315.7K
NOI $18,943 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$248.7K
$217.7K – $290.2K
NOI $17,412 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$380.2K
$332.7K – $443.6K
NOI $26,616 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,140
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature bright interiors, high ceilings, original mantels, wood floors, and separate rear utility areas.
Where is this duplex located?
The property is located at 1701 henriette delille street New Orleans, LA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Duplex with two 2‑room/1‑bath residences; Each side includes a kitchen, bathroom, and rear utility room; Built in 1923 with original mantels and wood floors
