Duplex with Bonus Studio
1435 Lesseps Street New Orleans, LA 70117
1435 Lesseps Street, New Orleans, LA, 70117
$349,000
For Sale
$349,000
New construction duplex featuring a three-bedroom main unit, plus a separate studio with private bathroom and off-street parking.
Property Size2,267 SF
Price / SF$153.95
Days on Market211
Property Features for 1435 Lesseps Street
General Information
- Standard status
- Active
- Size
- 2,267 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2023
Listing agency
Galiano Realty
(504) 475-4775
Listed by
Rachel Silvers · License #995694275
(504) 475-4775
Source
Compass
Added: Dec 22, 2025 Updated: Jul 20 at 6:01PM Checked: Jul 21 at 8:41AM
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 Galiano Realty
Investment Insights
Based on property information with market context.
This new construction duplex includes a main home and a separate studio apartment. The main unit offers three bedrooms and two and a half baths, with a sunlit open-concept living area and hardwood floors. The kitchen includes high-end finishes, quartz countertops, a large waterfall island, a dining area, and a coffee/wine bar nook. The primary en suite features a roomy soaking tub, double vanity, and separate shower, along with a spacious laundry room and an additional half bath.
A separate studio efficiency provides quartz counters, a custom walk-in closet, and its own private bathroom. The exterior features a relaxing front porch, a lush yard, and off-street parking.
Located at 1435 Lesseps Street in New Orleans, LA 70117, the property is positioned for buyers seeking a duplex configuration with an additional studio apartment.
A separate studio efficiency provides quartz counters, a custom walk-in closet, and its own private bathroom. The exterior features a relaxing front porch, a lush yard, and off-street parking.
Located at 1435 Lesseps Street in New Orleans, LA 70117, the property is positioned for buyers seeking a duplex configuration with an additional studio apartment.
Key Highlights
- New construction duplex built in 2023 with a separate studio apartment and a 3‑bedroom main unit
- Main unit features 3 bedrooms, 2.5 bathrooms, central cooling, central heating, and in‑unit laundry
- Primary en suite includes a soaking tub, double vanity, and separate shower
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 | $44.9k | $19.80 |
| − Vacancy | −$3.9k | −$1.71 |
| EGI | $41.0k | $18.09 |
| − OpEx | −$12.3k | −$5.43 |
| NOI | $28.7k | $12.66 |
2,267 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$410.1K
$358.8K – $478.4K
NOI $28,706 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$376.9K
$329.8K – $439.8K
NOI $26,385 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$576.2K
$504.2K – $672.2K
NOI $40,334 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - New construction duplex featuring a three-bedroom main unit, plus a separate studio with private bathroom and off-street parking.
Where is this duplex located?
The property is located at 1435 Lesseps Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: New construction duplex built in 2023 with a separate studio apartment and a 3‑bedroom main unit; Main unit features 3 bedrooms, 2.5 bathrooms, central cooling, central heating, and in‑unit laundry; Primary en suite includes a soaking tub, double vanity, and separate shower
