Two-Unit Duplex with Fenced
1516 GENTILLY Boulevard New, New Orleans, LA 70119
For Sale
$275,000
Flexible duplex layout includes a three-bedroom main residence and a separately accessed upper apartment.
Property Size1,904 SF
Price / SF$144.43
Days on Market170
Property Features for 1516 GENTILLY Boulevard New
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
fenced yard
screened front porch
laundry area
Window Unit(s)
Central
Central Air
Natural Gas Not Available
Building Details
Year Built
Listing Agency:
Keller Williams Realty Services
Listed By:
Louis Williams · License LA #73679
(985) 237-0712
Source:
Kw
Added: May 29
Changed: Nov 12
Last Checked: Nov 12 at 12:04PM
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 Keller Williams Realty Services
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Investment Insights
Based on property information with market context.
Built in 1946, this 1,904-square-foot duplex contains two distinct residential units. The main-level residence offers three bedrooms, two full baths, a living room, dining area, kitchen, and laundry space. Original wood floors, tall ceilings, solid wood cabinetry, and abundant natural light add character, while the kitchen provides room for future upgrades. The upper apartment has a private rear entrance, separate exterior stairway, kitchen, living and sleeping area, and full bath with a clawfoot tub. It is currently leased.
Outdoor features include a fenced yard and screened front porch. The property is located at 1516 Gentilly Boulevard in New Orleans, near the Fairgrounds and within minutes of Bayou St. John, City Park, coffee shops, restaurants, and local markets.
Outdoor features include a fenced yard and screened front porch. The property is located at 1516 Gentilly Boulevard in New Orleans, near the Fairgrounds and within minutes of Bayou St. John, City Park, coffee shops, restaurants, and local markets.
Key Highlights
- Two‑unit duplex with 4 total bedrooms and 3 total baths
- 1,904 square feet of residential space
- Main‑level unit includes 3 bedrooms and 2 full baths
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.
How Realmo checks its estimates
Property Analytics
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
$359,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Flexible duplex layout includes a three-bedroom main residence and a separately accessed upper apartment.
Where is this duplex located?
The property is located at 1516 GENTILLY Boulevard New 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‑unit duplex with 4 total bedrooms and 3 total baths; 1,904 square feet of residential space; Main‑level unit includes 3 bedrooms and 2 full baths
