Duplex with Garage
For Sale
$950,000
1412 ROYAL Street, New Orleans, LA 70116
Multifamily, New Orleans, LA
Property Size2,832 SF
Price / SF$335.45
Days on Market73
Property Features for 1412 ROYAL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4
Parking
3
Parking features
Off Street
Standard status
Active
APN
1412-ROYALST
Size
2,832 SF
Taxes and HOA fees
Tax Description
1. SQ 155 LOT D OR 8 ROYAL 2. 19X107 2/STORY SGLE W/FR 3. 6/RM S/R AND BASEMENT
Legal Description
1. SQ 155 LOT D OR 8 ROYAL 2. 19X107 2/STORY SGLE W/FR 3. 6/RM S/R AND BASEMENT
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
porches
private courtyard
Building Details
Year built
1923
Number of units
2
Flooring type
Painted/stained, Concrete, Wood
Building materials
Brick, Frame, HardiPlank Type
Architectural style
Other
Buildings
1
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Dana Kampovsky · License #995708986
(504) 444-7524
Added: Aug 14
Changed: Oct 23
Last Checked: Oct 25 at 2:06PM
MLS# 2572511
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,832-square-foot duplex dates to 1923 and includes a lower unit renovated in 2020 with one bedroom, one bathroom, laundry, and a private courtyard. Wood and concrete flooring, central heating and air conditioning, and a metal roof are among the property’s physical features. A whole-home generator, roll-down hurricane shutters, and a water pressure booster pump are also installed. Two porches and storage areas add to the building’s configuration.
Off-street parking includes garage space for two cars and additional driveway parking. The property is within walking distance of the French Quarter and Frenchmen Street in New Orleans.
Off-street parking includes garage space for two cars and additional driveway parking. The property is within walking distance of the French Quarter and Frenchmen Street in New Orleans.
Key Highlights
- 2,832‑square‑foot duplex built in 1923
- Lower unit renovated in 2020 with one bedroom, one bathroom, laundry, and a private courtyard
- Garage parking for two cars, plus driveway 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.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
3,585
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The renovated lower unit includes a bedroom, bath, laundry, and private courtyard.
Where is this duplex located?
The property is located at 1412 ROYAL Street 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‑square‑foot duplex built in 1923; Lower unit renovated in 2020 with one bedroom, one bathroom, laundry, and a private courtyard; Garage parking for two cars, plus driveway parking
