Two-Residence
For Sale
$899,000
1419 ESPLANADE Avenue, New Orleans, LA 70116
Multifamily, New Orleans, LA
Property Size5,085 SF
Lot Size0.13 Acres
Price / SF$176.79
Days on Market53
Property Features for 1419 ESPLANADE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 4, Bathroom 6, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 3, Bathroom 5
Parking features
Driveway
Standard status
Active
APN
37W106419
Size
5,085 SF
Lot size
0.13 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private brick courtyard
custom pergola
built-in gas grill
Building Details
Year built
2017
Number of units
2
Building materials
HardiPlank Type
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Kasi L Champagne · License #995685330
(504) 715-0115
Added: Sep 1
Changed: Oct 23
Last Checked: Oct 23 at 12:06PM
MLS# 2574111
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.
Built in 2017, this duplex contains two independent residences totaling 5,085 square feet. The front home measures 3,217 square feet and has 4 bedrooms and 3.5 baths; the rear home offers 1,868 square feet, 3 bedrooms, and 2 baths. Together, the property has 7 bedrooms and 5.5 baths, with separate entrances and utilities. Central heating and air conditioning serve the homes, and driveway parking is provided.
A private brick courtyard links the residences and features a pergola and built-in gas grill. The property is on Esplanade Avenue, with the French Quarter, Bayou St. John, and City Park among the nearby destinations. The lot measures 0.1265 acres.
A private brick courtyard links the residences and features a pergola and built-in gas grill. The property is on Esplanade Avenue, with the French Quarter, Bayou St. John, and City Park among the nearby destinations. The lot measures 0.1265 acres.
Key Highlights
- Two residences totaling 5,085 square feet on a 0.1265‑acre lot
- Front home: 3,217 square feet, 4 bedrooms, and 3.5 baths
- Rear home: 1,868 square feet, 3 bedrooms, and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,389
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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
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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 - Separate entrances and utilities serve both homes, with driveway parking on the property.
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 home: 3,217 square feet, 4 bedrooms, and 3.5 baths; Rear home: 1,868 square feet, 3 bedrooms, and 2 baths
