Duplex with
For Sale
$635,000
Pending
1432 FELICITY Street, New Orleans, LA 70130
Multi-Family, Traditional, New Orleans, LA
Property Size2,362 SF
Days on Market49
Property Features for 1432 FELICITY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Courtyard, Porch
Lot features
Condo
Subdivision
LGD
Standard status
Pending
APN
701301434FELICITYST
Size
2,362 SF
Taxes and HOA fees
Tax Description
SQ 206 LOT 2 FELICITY 31X117 FILE #13218 1432 1434-34 1/2 FELICITY ST
Legal Description
SQ 206 LOT 2 FELICITY 31X117 FILE #13218 1432 1434-34 1/2 FELICITY ST
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
shared front porch
brick courtyard
Building Details
Year built
1915
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Kelleye Rhein · License #0995687228
(504) 975-0649
Added: Aug 24
Changed: Sep 16
Last Checked: Oct 11 at 5:06AM
MLS# 2573899
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.
This 2,362-square-foot duplex, built in 1915, contains two separate residences with distinct layouts. Unit 1432 offers two bedrooms and two baths, including a private upstairs primary suite, wood floors, mantels, and high ceilings. Unit 1434 provides a one-bedroom plan with an open kitchen. The property includes central heating and central air, plus individual laundry rooms for each unit.
Outdoor features include a shared front porch and brick courtyard. Unit 1434 is currently rented, while Unit 1432 can support owner occupancy or additional rental use. The property is near the St. Charles streetcar, Magazine Street, restaurants, shops, and parks in New Orleans’ Lower Garden District.
Outdoor features include a shared front porch and brick courtyard. Unit 1434 is currently rented, while Unit 1432 can support owner occupancy or additional rental use. The property is near the St. Charles streetcar, Magazine Street, restaurants, shops, and parks in New Orleans’ Lower Garden District.
Key Highlights
- 2,362‑square‑foot duplex built in 1915
- Unit 1432 includes 2 bedrooms, 2 baths, and a private upstairs primary suite
- Unit 1434 offers a 1‑bedroom layout with an 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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,728
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences share a front porch, brick courtyard, and separate in-unit laundry rooms.
Where is this duplex located?
The property is located at 1432 FELICITY Street 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‑square‑foot duplex built in 1915; Unit 1432 includes 2 bedrooms, 2 baths, and a private upstairs primary suite; Unit 1434 offers a 1‑bedroom layout with an open kitchen
