Historic Two-Unit
For Sale
$635,000
Pending
1432 FELICITY Street, New Orleans, LA 70130
Multifamily, New Orleans, LA
Property Size2,362 SF
Days on Market61
Property Features for 1432 FELICITY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2
Patio and Porch features
Porch
Directions
Prytania towards downtown, right on Felicity
Standard status
Pending
APN
701301434FELICITYST
Size
2,362 SF
Additional Details
Tenant in Place
Yes
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
front porch
courtyard
Building Details
Year built
1915
Number of units
2
Flooring type
Wood
Building materials
Frame, Wood Siding
Architectural style
Other
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Kelleye D Rhein · License #995687228
(504) 975-0649
Added: Aug 24
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2573899
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.
This 2,362-square-foot duplex, built in 1915, contains two residences. One is a renovated two-bedroom, two-bath unit with wood floors, mantels, high ceilings, and an upstairs primary suite. The other has one bedroom and an open kitchen. Each unit has its own laundry room; residents also share a front porch and brick courtyard. One residence is currently rented, while the other is available for occupancy or rental.
The property is at 1432 Felicity Street in New Orleans’ Lower Garden District, between St. Charles Avenue and Coliseum Square Park. The St. Charles streetcar is a short walk away, and Magazine Street, restaurants, shops, and parks are nearby.
The property is at 1432 Felicity Street in New Orleans’ Lower Garden District, between St. Charles Avenue and Coliseum Square Park. The St. Charles streetcar is a short walk away, and Magazine Street, restaurants, shops, and parks are nearby.
Key Highlights
- Two residences totaling 2,362 square feet
- One renovated 2‑bedroom, 2‑bath unit and one 1‑bedroom unit
- Built in 1915
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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Open Analytics
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have in-unit laundry, with a shared front porch and brick courtyard.
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: Two residences totaling 2,362 square feet; One renovated 2‑bedroom, 2‑bath unit and one 1‑bedroom unit; Built in 1915
