Duplex with Separate Upper
For Sale
$275,000
1516 GENTILLY Boulevard, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size1,904 SF
Lot Size0.07 Acres
Price / SF$144.43
Days on Market149
Property Features for 1516 GENTILLY Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Porch
Standard status
Active
APN
37W300802
Size
1,904 SF
Lot size
0.07 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
SQ 1530 LOT Q GENTILLY BD 38 OVER 34 X 79 OVER 95
Legal Description
SQ 1530 LOT Q GENTILLY BD 38 OVER 34 X 79 OVER 95
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
fenced yard
screened front porch
laundry area
Building Details
Year built
1946
Number of units
2
Building materials
Stucco, Wood Siding
Architectural style
Cottage
Buildings
1
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
Louis Williams · License #000073679
(985) 237-0712
Added: May 28
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2560296
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 1,904-square-foot duplex at 1516 Gentilly Boulevard contains two separate living spaces with a combined four bedrooms and three bathrooms. The lower unit has three bedrooms, two full baths, a laundry area, and a living and dining layout; original wood flooring and tall ceilings are among its existing features. The upper one-bedroom apartment has a separate rear entrance, kitchen, living and sleeping areas, and a full bath. Central heating serves the property, with central air and window units listed for cooling. Built in 1946, the cottage-style building occupies a 0.0719-acre lot.
A screened front porch and fenced yard provide outdoor areas. The property is near the Fairgrounds, with Bayou St. John and City Park also identified as nearby destinations.
A screened front porch and fenced yard provide outdoor areas. The property is near the Fairgrounds, with Bayou St. John and City Park also identified as nearby destinations.
Key Highlights
- Two living units with 4 bedrooms and 3 bathrooms across 1,904 square feet
- Lower unit has 3 bedrooms, 2 full baths, and a laundry area
- Upper apartment has 1 bedroom, 1 bath, and a separate rear entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,109
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,180
$482.2K
Cap Rate 7%
$344,414
$344.4K
Cap Rate 9%
$267,878
$267.9K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$37.7K $19.80/SF
− Vacancy
−$3.3K −$1.71/SF
EGI
$34.4K $18.09/SF
− OpEx
−$10.3K −$5.43/SF
NOI
$24.1K $12.66/SF
Area
ZIP 70119
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%
$482,180
Cap Rate 7%
$344,414
Cap Rate 9%
$267,878
Alternative Uses
Best Use
Multifamily LT 5
$344.4K
$301.4K – $401.8K
NOI $24,109 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$316.6K
$277.0K – $369.3K
NOI $22,160 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$498.2K
$435.9K – $581.3K
NOI $34,875 @ 7.0% cap · market cap 12.68%
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
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
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
Frequently Asked Questions
What type of property is this?
Duplex - A distinct upstairs flat has its own exterior access, kitchen, living area, sleeping space, and full bath.
Where is this duplex located?
The property is located at 1516 GENTILLY Boulevard New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two living units with 4 bedrooms and 3 bathrooms across 1,904 square feet; Lower unit has 3 bedrooms, 2 full baths, and a laundry area; Upper apartment has 1 bedroom, 1 bath, and a separate rear entrance
