New Construction Duplex with
New
For Sale
$899,000
1419 ESPLANADE Avenue, New Orleans, LA 70116
Multi-Family, New Orleans, LA
Property Size5,085 SF
Lot Size0.13 Acres
Price / SF$176.79
Days on Market1
Property Features for 1419 ESPLANADE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Patio and Porch features
Patio
Exterior features
Courtyard, Fence, Outdoor Entertainment Area Beyond Your Average Patio
Fencing
Fenced
Lot features
Oversized
Subdivision
Treme
Standard status
Active
APN
37W106419
Size
5,085 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
SQ 628 ESPLANADE AVE LOT E-3 31-16.6/48X127.6-31/158.7
Legal Description
SQ 628 ESPLANADE AVE LOT E-3 31-16.6/48X127.6-31/158.7
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private courtyard
custom pergola
built-in gas grill
Building Details
Year built
2017
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Kasi Champagne · License #995685330
(504) 715-0115
Added: Sep 1
Last Checked: Sep 1 at 8:06PM
MLS# 2574111
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2017, this duplex combines two independently functioning residences on a 0.1265-acre lot. The property contains 5,085 square feet total, with a 3,217-square-foot front residence featuring 4 bedrooms and 3.5 baths, plus a 1,868-square-foot rear residence with 3 bedrooms and 2 baths. Separate entrances and utilities support distinct residential use.
Interior finishes include marble countertops, reclaimed heart pine floors, coffered ceilings, custom lighting, and finished baths. A private brick courtyard links the residences and includes a custom pergola and built-in gas grill. The property also offers driveway parking, fencing, central heating, central air, a shingle roof, and public water.
Interior finishes include marble countertops, reclaimed heart pine floors, coffered ceilings, custom lighting, and finished baths. A private brick courtyard links the residences and includes a custom pergola and built-in gas grill. The property also offers driveway parking, fencing, central heating, central air, a shingle roof, and public water.
Key Highlights
- Two residences totaling 5,085 square feet on a 0.1265‑acre lot
- Front residence: 3,217 square feet with 4 bedrooms and 3.5 baths
- Rear residence: 1,868 square feet with 3 bedrooms and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,389
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,287,780
$1.3M
Cap Rate 7%
$919,843
$919.8K
Cap Rate 9%
$715,433
$715.4K
Market Conditions
NOI Build-Up for 5,085 SF
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.
Gross rent
$100.7K $19.80/SF
− Vacancy
−$8.7K −$1.71/SF
EGI
$92.0K $18.09/SF
− OpEx
−$27.6K −$5.43/SF
NOI
$64.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,287,780
Cap Rate 7%
$919,843
Cap Rate 9%
$715,433
Alternative Uses
Best Use
Multifamily LT 5
$919.8K
$804.9K – $1.07M
NOI $64,389 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$845.5K
$739.8K – $986.4K
NOI $59,183 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,471 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,095
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible occupancy, rental, or multigenerational living arrangements with private entrances and driveway parking.
Where is this duplex located?
The property is located at 1419 ESPLANADE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two residences totaling 5,085 square feet on a 0.1265‑acre lot; Front residence: 3,217 square feet with 4 bedrooms and 3.5 baths; Rear residence: 1,868 square feet with 3 bedrooms and 2 baths
