Historic Duplex with Private
1447-49 North Roman Street New Orleans, LA 70116
1447-49 North Roman Street, New Orleans, LA, 70116
$240,000
For Sale
$240,000
Each unit features private bedrooms and rear yard space, with in-unit washer/dryer and hardwood floors.
Property Size1,783 SF
Price / SF$134.60
Days on Market258
Property Features for 1447-49 North Roman Street
General Information
- Standard status
- Active
- Size
- 1,783 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1850
Listing agency
REVE, REALTORS
(504) 913-0597
Listed by
Jamie Amdal Hughes · License #000058832
(504) 913-0597
Source
Compass
Added: Nov 6, 2025 Updated: Jul 21 at 6:08AM Checked: Jul 21 at 6:08AM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This spacious historic Creole cottage duplex offers original hardwood floors throughout and two independent units. Bedrooms are located on the second floor, and each side has its own private rear yard. Washer/dryer is included for each unit, providing in-place convenience for residents.
The left side is currently tenant occupied on a month-to-month lease, while the right side is ready for owner occupancy. The last major renovation was completed in 2006, and the seller will make no repairs.
The property is presented as a duplex suitable for either continued rental income on the leased side or owner-occupancy on the available side, depending on how you plan to use the two-unit configuration.
The left side is currently tenant occupied on a month-to-month lease, while the right side is ready for owner occupancy. The last major renovation was completed in 2006, and the seller will make no repairs.
The property is presented as a duplex suitable for either continued rental income on the leased side or owner-occupancy on the available side, depending on how you plan to use the two-unit configuration.
Key Highlights
- 2‑story Creole cottage double built in 1850 with original hardwood floors throughout
- Each unit has private bedrooms on the 2nd floor and private rear yard space
- Washer/dryer in each unit with in‑unit laundry
Local Financial Insights For Apartment 5plus
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 | $41.5k | $23.28 |
| − Vacancy | −$3.8k | −$2.12 |
| EGI | $37.7k | $21.16 |
| − OpEx | −$17.0k | −$9.52 |
| NOI | $20.8k | $11.64 |
1,783 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.5K
$282.2K – $376.3K
NOI $22,577 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$296.5K
$259.4K – $345.9K
NOI $20,752 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$453.2K
$396.5K – $528.7K
NOI $31,723 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each unit features private bedrooms and rear yard space, with in-unit washer/dryer and hardwood floors.
Where is this duplex located?
The property is located at 1447-49 North Roman Street New Orleans, LA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2‑story Creole cottage double built in 1850 with original hardwood floors throughout; Each unit has private bedrooms on the 2nd floor and private rear yard space; Washer/dryer in each unit with in‑unit laundry
