Tenant-Occupied Duplex Income
1435 FRANCE Street New Orleans, LA 70117
1435 FRANCE Street, New Orleans, LA, 70117
$285,000
For Sale
$285,000
Other - New Orleans, LA
Property Size1,658 SF
Price / SF$171.89
Days on Market37
Property Features for 1435 FRANCE Street
General Information
- Property type
- Other
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- None
- Standard status
- Active
- APN
- 593
- Size
- 1,658 SF
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Engel & Völkers New Orleans
(504) 234-5000
2844 Magazine Street, New Orleans, LA
Listed by
Kelly Marbry
(504) 289-9822
Added: Jun 12 Checked: Jul 18 at 3:06 pm
MLS# 2524388
Listing URL
Copyright © 2026 Engel & Völkers. 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 well-maintained, tenant-occupied duplex provides a straightforward income layout with two separate sides. Each unit includes 2 bedrooms and 1 bathroom, along with inside laundry for added day-to-day convenience.
The property is located adjacent to the Bywater area in New Orleans, within minutes of local dining, nightlife, and parks.
Designed for practical residential living, the double offers a functional configuration on both sides, making it suitable for investors seeking an income-producing property with tenants already in place.
The property is located adjacent to the Bywater area in New Orleans, within minutes of local dining, nightlife, and parks.
Designed for practical residential living, the double offers a functional configuration on both sides, making it suitable for investors seeking an income-producing property with tenants already in place.
Key Highlights
- Double with 2 beds and 1 bath on each side, tenant‑occupied
- Inside laundry on both sides for added convenience
- Central heating and central air conditioning
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $19.80 |
| − Vacancy | −$2.8k | −$1.71 |
| EGI | $30.0k | $18.09 |
| − OpEx | −$9.0k | −$5.43 |
| NOI | $21.0k | $12.66 |
1,658 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.9K
$262.4K – $349.9K
NOI $20,994 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$275.7K
$241.2K – $321.6K
NOI $19,297 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$421.4K
$368.7K – $491.7K
NOI $29,499 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two units, each offering 2 bedrooms, 1 bathroom, and inside laundry.
Where is this duplex located?
The property is located at 1435 FRANCE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Double with 2 beds and 1 bath on each side, tenant‑occupied; Inside laundry on both sides for added convenience; Central heating and central air conditioning
