Renovated Duplex with High
1414 Thalia Street New Orleans, LA 70130
1414 Thalia Street, New Orleans, LA, 70130
$385,000
For Sale
$385,000
Newly renovated duplex features high ceilings, arched hallways, and exposed brick, with one unit already rented.
Property Size2,054 SF
Price / SF$187.44
Days on Market214
Property Features for 1414 Thalia Street
General Information
- Standard status
- Active
- Size
- 2,054 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1960
Listing agency
eXp Realty, LLC
(201) 341-8733
Listed by
Amber Hines · License #995716810
(201) 341-8733
Source
Compass
Added: Dec 20, 2025 Updated: Jul 21 at 3:30PM Checked: Jul 21 at 3:30PM
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, LLC
Investment Insights
Based on property information with market context.
This beautifully renovated double offers classic New Orleans character paired with modern updates. Interior highlights include high ceilings, arched hallways, and exposed brick, creating a distinctive look throughout. The property is configured as a duplex, with one unit already rented.
Located at 1414 Thalia Street in Uptown New Orleans, the home provides convenient access to Downtown, Tulane, Xavier, and University Medical Center. The public remarks also note views of Five-O-Fore Golf and the new Fox 8 building.
Per the owner’s remarks, there is also an offering of $10,000 toward closing. Schedule a tour to review the layout and current occupancy firsthand.
Located at 1414 Thalia Street in Uptown New Orleans, the home provides convenient access to Downtown, Tulane, Xavier, and University Medical Center. The public remarks also note views of Five-O-Fore Golf and the new Fox 8 building.
Per the owner’s remarks, there is also an offering of $10,000 toward closing. Schedule a tour to review the layout and current occupancy firsthand.
Key Highlights
- Newly renovated duplex with 6 bedrooms and 4 full bathrooms
- One unit is already rented
- 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 | $40.7k | $19.80 |
| − Vacancy | −$3.5k | −$1.71 |
| EGI | $37.2k | $18.09 |
| − OpEx | −$11.1k | −$5.43 |
| NOI | $26.0k | $12.66 |
2,054 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$371.6K
$325.1K – $433.5K
NOI $26,009 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$341.5K
$298.8K – $398.4K
NOI $23,906 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$522.1K
$456.8K – $609.1K
NOI $36,544 @ 7.0% cap · market cap 9.49%
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 - Newly renovated duplex features high ceilings, arched hallways, and exposed brick, with one unit already rented.
Where is this duplex located?
The property is located at 1414 Thalia Street New Orleans, LA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Newly renovated duplex with 6 bedrooms and 4 full bathrooms; One unit is already rented; Central air and central heating
