Esplanade Ridge Double with
1472-74 North Prieur Street New Orleans, LA 70116
1472-74 North Prieur Street, New Orleans, LA, 70116
$350,000
For Sale
$350,000
Charming New Orleans double featuring modern updates and historic character.
Property Size1,997 SF
Price / SF$175.26
Days on Market127
Property Features for 1472-74 North Prieur Street
General Information
- Standard status
- Active
- Size
- 1,997 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1900
Listing Agency
Crescent City Living, LLC
(504) 975-4252
Listed by
Leslie Heindel · License #995688679
(504) 975-4252
Source
Compass
Added: Mar 13 Checked: Jul 17 at 5:02 am
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 Crescent City Living, LLC
Investment Insights
Based on property information with market context.
Located on a desirable block in the Esplanade Ridge neighborhood, this New Orleans double offers a modern floor plan with timeless charm. The side hall layout provides independent bedrooms and privacy, deviating from the typical shotgun style. The property retains historic character with hardwood floors, architectural brackets, 12-foot ceilings, and claw foot tubs, while also featuring newer windows, updated kitchens, and larger bathrooms. Stainless steel appliances and granite countertops enhance the upgraded kitchen, which offers ample space for a table or large kitchen island. The property includes a backyard sanctuary with a deck and grass. The location provides convenient access to Jazz Fest, City Park, the French Quarter, Old Road Coffee, The Flagpole, Esplanade Avenue, Pagoda Cafe, Leo's Bakery, and the Degas house. The property is situated in an X flood zone and benefits from an assumable flood policy, a termite contract, and separate meters for both units. The property is suitable for an owner-occupant looking to live in one unit and rent the other.
Key Highlights
- Income potential: Ideal for owner‑occupant with a long‑term tenant to help pay the mortgage.
- Prime location: Walk to Jazz Fest, bike to City Park, quick drive to the French Quarter, and close to coffee shops and other amenities.
- Updated features: Newer windows, updated kitchens with stainless steel appliances and granite countertops, and larger bathrooms.
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 | $39.5k | $19.80 |
| − Vacancy | −$3.4k | −$1.71 |
| EGI | $36.1k | $18.09 |
| − OpEx | −$10.8k | −$5.43 |
| NOI | $25.3k | $12.66 |
1,997 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$361.2K
$316.1K – $421.5K
NOI $25,287 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$332.0K
$290.5K – $387.4K
NOI $23,243 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$507.6K
$444.1K – $592.2K
NOI $35,530 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Charming New Orleans double featuring modern updates and historic character.
Where is this duplex located?
The property is located at 1472-74 North Prieur Street New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Income potential: Ideal for owner‑occupant with a long‑term tenant to help pay the mortgage.; Prime location: Walk to Jazz Fest, bike to City Park, quick drive to the French Quarter, and close to coffee shops and other amenities.; Updated features: Newer windows, updated kitchens with stainless steel appliances and granite countertops, and larger bathrooms.
