Duplex with Private
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 Market35
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
Changed: Sep 15
Last Checked: Oct 5 at 6:06AM
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.
Completed in 2017, this duplex contains two independent residences totaling 5,085 square feet. The front home includes 3,217 square feet with four bedrooms and 3.5 baths, while the rear residence provides 1,868 square feet with three bedrooms and two baths. Each residence has its own entrance and utilities, supporting separate household use. Interior details include marble countertops, reclaimed heart pine flooring, coffered ceilings, custom lighting, and finished baths. Central heating and cooling serve both homes.
A private brick courtyard links the residences and includes a custom pergola, built-in gas grill, patio space, and fencing. The property also has driveway parking and public water service. Located at 1419 Esplanade Avenue in New Orleans, the duplex is near the French Quarter, Bayou St. John, City Park, restaurants, and entertainment venues.
A private brick courtyard links the residences and includes a custom pergola, built-in gas grill, patio space, and fencing. The property also has driveway parking and public water service. Located at 1419 Esplanade Avenue in New Orleans, the duplex is near the French Quarter, Bayou St. John, City Park, restaurants, and entertainment venues.
Key Highlights
- Two residences totaling 5,085 square feet
- Front residence: 3,217 square feet, 4 bedrooms, and 3.5 baths
- Rear residence: 1,868 square feet, 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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 separately serviced residences offer flexible living arrangements, outdoor entertaining space, and off-street 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; Front residence: 3,217 square feet, 4 bedrooms, and 3.5 baths; Rear residence: 1,868 square feet, 3 bedrooms, and 2 baths
