Duplex with Separate
For Sale
$339,000
1435 LESSEPS Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size2,267 SF
Lot Size0.09 Acres
Price / SF$149.54
Days on Market60
Property Features for 1435 LESSEPS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 5
Parking features
Off Street, Driveway
Patio and Porch features
Porch
Standard status
Active
APN
39W309618
Size
2,267 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
AS PER TITLE
Legal Description
AS PER TITLE
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Ductless (Heating), Central
Cooling system
Central Air, Ductless, Wall Unit(s)
Water source
Public
Amenities
laundry room
half bath
front porch
yard
off-street parking
Building Details
Year built
2023
Number of units
2
Building materials
HardiPlank Type
Architectural style
Other
Listing Agency:
Galiano Realty
(504) 256-6311
Listed By:
Rachel I Silvers · License #995694275
(504) 475-4775
Added: Aug 27
Changed: Oct 24
Last Checked: Oct 25 at 7:06PM
MLS# 2574310
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 2,267-square-foot duplex in New Orleans includes a three-bedroom, 2.5-bath main residence and a separate studio efficiency with a private bathroom. The main home features an open living area, hardwood floors, and a kitchen with quartz counters, a waterfall island, and a coffee and wine nook. The primary suite has a soaking tub, double vanity, and separate shower; a laundry room and half bath are also included.
The 0.0901-acre property was built in 2023 and has a front porch, yard, and off-street parking. Construction uses HardiPlank siding. Heating and cooling are provided by central and ductless systems, with additional wall-unit cooling. Public water and sewer serve the property, and natural gas is available.
The 0.0901-acre property was built in 2023 and has a front porch, yard, and off-street parking. Construction uses HardiPlank siding. Heating and cooling are provided by central and ductless systems, with additional wall-unit cooling. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- 2,267 square feet across a main residence and separate studio efficiency
- Three‑bedroom, 2.5‑bath main residence
- Separate studio efficiency with private bathroom
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2023, the property combines a three-bedroom main residence with a separate studio efficiency.
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 $339,000.
What are key features of this property?
This property features: 2,267 square feet across a main residence and separate studio efficiency; Three‑bedroom, 2.5‑bath main residence; Separate studio efficiency with private bathroom
