Historic Two-Unit
For Sale
$635,000
1432 34 Felicity St, New Orleans, LA 70130
Two residences combine period character, private laundry access, and shared outdoor space in New Orleans’ Lower Garden District.
Property Size2,362 SF
Price / SF$268.84
Days on Market48
Property Features for 1432 34 Felicity St
General Information
Standard status
Active
Size
2,362 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Lower Garden District
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR
Multifamily Units
2
Amenities
in-unit laundry room
front porch
courtyard
Building Details
Year Built
1915
Buildings
1
Listing Agency:
REVE, REALTORS
Listed By:
Kelleye Rhein · License #0995687228
(504) 975-0649
Source:
Dominionplace
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 7 at 1:09PM
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 REVE, REALTORS
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Investment Insights
Based on property information with market context.
Built in 1915, this 2,362-square-foot duplex contains two distinct residences at 1432–1434 Felicity St. The larger unit includes two bedrooms, two baths, wood flooring, mantels, high ceilings, and an upstairs primary suite following renovation. The second residence offers one bedroom and an open kitchen configuration. Both units have access to separate in-unit laundry rooms.
Shared exterior amenities include a front porch and brick courtyard. The one-bedroom unit is currently rented, while the two-bedroom residence can accommodate an owner occupant or serve as an additional rental. The property is positioned between St. Charles Avenue and Coliseum Square Park, with the St. Charles streetcar, Magazine Street, restaurants, shops, and parks nearby.
Shared exterior amenities include a front porch and brick courtyard. The one-bedroom unit is currently rented, while the two-bedroom residence can accommodate an owner occupant or serve as an additional rental. The property is positioned between St. Charles Avenue and Coliseum Square Park, with the St. Charles streetcar, Magazine Street, restaurants, shops, and parks nearby.
Key Highlights
- 2,362 SF duplex built in 1915
- Two‑bedroom, two‑bath unit with renovated interiors and upstairs primary suite
- Separate one‑bedroom residence with open kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,909
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,180
$598.2K
Cap Rate 7%
$427,271
$427.3K
Cap Rate 9%
$332,322
$332.3K
Market Conditions
NOI Build-Up for 2,362 SF
Gross rent
$46.8K $19.80/SF
− Vacancy
−$4.0K −$1.71/SF
EGI
$42.7K $18.09/SF
− OpEx
−$12.8K −$5.43/SF
NOI
$29.9K $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%
$598,180
Cap Rate 7%
$427,271
Cap Rate 9%
$332,322
Alternative Uses
Best Use
Multifamily LT 5
$427.3K
$373.9K – $498.5K
NOI $29,909 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$392.7K
$343.6K – $458.2K
NOI $27,491 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$600.3K
$525.3K – $700.4K
NOI $42,024 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,728
Businesses Nearby
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Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
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 - Two residences combine period character, private laundry access, and shared outdoor space in New Orleans’ Lower Garden District.
Where is this duplex located?
The property is located at 1432 34 Felicity St New Orleans, LA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 2,362 SF duplex built in 1915; Two‑bedroom, two‑bath unit with renovated interiors and upstairs primary suite; Separate one‑bedroom residence with open kitchen
