1520 LEDA Court New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
Property Features for 1520 LEDA Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Carport
- Patio and Porch features
- Patio, Porch
- Exterior features
- Balcony, Courtyard, Fence, Outdoor Entertainment Area Beyond Your Average Patio, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 37W309314
- Size
- 3,437 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- SQ D ARCADIA CT PT LOTS 21 22-23-PT 24 LEDA 80 X 105 DBLE 5/REA SIDE S/R
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle, Asphalt
Listing agent Bonnie LaNasa (504) 228-6399
Listing office Realty One Group Immobilia 3445 N Causeway Blvd PH 1005, Mandeville, LA (504) 405-3211
Listing date Jun 8, 2026
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Outside, the property offers landscaped grounds with a saltwater pool, spacious courtyards, and a front porch. Off-street parking is available with a carport.
Recent updates include a newer roof and water heaters, and there is a termite contract in place. The property also carries an X flood zone designation.
Key Highlights
- Historic New Orleans double built in 1915 with hardwood floors and original wood doors, transoms, and glass doorknobs
- Two units with central heating and central air, plus shared access to private outdoor areas
- Outdoor living includes a front porch, patio, fenced grounds, courtyard(s), and a saltwater pool
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 | $68.1k | $19.80 |
| − Vacancy | −$5.9k | −$1.71 |
| EGI | $62.2k | $18.09 |
| − OpEx | −$18.7k | −$5.43 |
| NOI | $43.5k | $12.66 |
