Duplex with Separate
New
For Sale
$339,000
1435 Lesseps St, New Orleans, LA 70117
A three-bedroom primary residence is paired with a separate efficiency featuring its own bathroom.
Property Size2,267 SF
Price / SF$149.54
Days on Market7
Property Features for 1435 Lesseps St
General Information
Standard status
Active
Size
2,267 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2.5BA, 1 x Studio
Multifamily Units
2
Building Details
Year Built
2023
Listing Agency:
Galiano Realty
Listed By:
Rachel Silvers · License #995694275
(504) 218-1006
Source:
Fiorellaavenue
Added: Oct 1
Last Checked: Oct 5 at 10:12PM
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.
Built in 2023, this 2,267-square-foot duplex pairs a three-bedroom, 2.5-bath main residence with a separate studio efficiency and private bathroom. The main home has hardwood flooring, an open living and dining area, and a kitchen with quartz counters, a waterfall island, and a coffee and wine nook. The primary suite includes a soaking tub, double vanity, and separate shower; a laundry room and half bath round out the layout.
The studio has quartz counters and a walk-in closet. Outside, the property includes a front porch, yard, and off-street parking. The property is in the Bywater area of New Orleans.
The studio has quartz counters and a walk-in closet. Outside, the property includes a front porch, yard, and off-street parking. The property is in the Bywater area of New Orleans.
Key Highlights
- Built in 2023 with 2,267 square feet
- Main residence offers 3 bedrooms and 2.5 bathrooms
- Separate studio efficiency has a private bathroom, quartz counters, and a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,706
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,120
$574.1K
Cap Rate 7%
$410,086
$410.1K
Cap Rate 9%
$318,956
$319.0K
Market Conditions
NOI Build-Up for 2,267 SF
Gross rent
$44.9K $19.80/SF
− Vacancy
−$3.9K −$1.71/SF
EGI
$41.0K $18.09/SF
− OpEx
−$12.3K −$5.43/SF
NOI
$28.7K $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%
$574,120
Cap Rate 7%
$410,086
Cap Rate 9%
$318,956
Alternative Uses
Best Use
Multifamily LT 5
$410.1K
$358.8K – $478.4K
NOI $28,706 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$376.9K
$329.8K – $439.8K
NOI $26,385 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$576.2K
$504.2K – $672.2K
NOI $40,334 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
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 - A three-bedroom primary residence is paired with a separate efficiency featuring its own bathroom.
Where is this duplex located?
The property is located at 1435 Lesseps St New Orleans, LA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Built in 2023 with 2,267 square feet; Main residence offers 3 bedrooms and 2.5 bathrooms; Separate studio efficiency has a private bathroom, quartz counters, and a walk‑in closet
