Raised-Basement Duplex with Private
For Sale
$635,000
1539 Dante Street, New Orleans, LA 70118
Arts & Crafts-style duplex with a private-yard lower suite, separate living space, and direct backyard access.
Days on Market60
Property Features for 1539 Dante Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Building Details
Building Size
2,672 SF
Year Built
1930
Construction
Arts & Crafts
Listing Agency:
Remax N. O. Properties
(504) 339-3465
Listed By:
Mary Cullen · License #47442
(504) 339-3465
Source:
Nolalivingrealty
Added: Jun 2
Changed: Jul 26
Last Checked: Jul 30 at 12:23PM
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 Remax N. O. Properties
Investment Insights
Based on property information with market context.
An Arts & Crafts-style home with raised-basement layout offering built-in revenue. The upper level features 2 bedrooms and 1 bathroom, with an optional third bedroom plus space suited for an office or den. The updated kitchen includes a Thor oven range, stainless-steel refrigerator, and dishwasher, and the bright living and dining rooms maintain classic character. A back porch overlooks a private yard.
The ground-floor suite provides 1 bedroom and 1 bathroom, with potential to add a second bedroom. It includes a large, bright kitchen with appliances, higher-than-average basement ceilings, and a marble bathroom, along with direct access to the backyard. The lower level is currently under lease.
Outside, the property emphasizes privacy with its yard and separate outdoor connection from the suite. The home is described as not being in a flood zone, and it is positioned in a quiet setting near schools, restaurants, and entertainment.
The ground-floor suite provides 1 bedroom and 1 bathroom, with potential to add a second bedroom. It includes a large, bright kitchen with appliances, higher-than-average basement ceilings, and a marble bathroom, along with direct access to the backyard. The lower level is currently under lease.
Outside, the property emphasizes privacy with its yard and separate outdoor connection from the suite. The home is described as not being in a flood zone, and it is positioned in a quiet setting near schools, restaurants, and entertainment.
Key Highlights
- 1930 Arts & Crafts‑style home with a lower‑level revenue suite
- Upper level: 2 bedrooms, 1 bathroom (optional 3rd bedroom/office/den)
- Lower suite: 1 bedroom, 1 bathroom with potential to add a second bedroom
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 | $52.9k | $19.80 |
| − Vacancy | −$4.6k | −$1.71 |
| EGI | $48.3k | $18.09 |
| − OpEx | −$14.5k | −$5.43 |
| NOI | $33.8k | $12.66 |
2,672 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$483.3K
$422.9K – $563.9K
NOI $33,834 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$444.3K
$388.7K – $518.3K
NOI $31,099 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$679.1K
$594.2K – $792.3K
NOI $47,539 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,185
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Arts & Crafts-style duplex with a private-yard lower suite, separate living space, and direct backyard access.
Where is this duplex located?
The property is located at 1539 Dante Street New Orleans, LA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 1930 Arts & Crafts‑style home with a lower‑level revenue suite; Upper level: 2 bedrooms, 1 bathroom (optional 3rd bedroom/office/den); Lower suite: 1 bedroom, 1 bathroom with potential to add a second bedroom
