Building Details

Year Built 2021

Buildings 1

Stories 2

Listing Agency: Appletree Realty, LLC

Listed By: Cindy Ng · License #995684283 Show Phone

Source: Dominionplace

Added: Jul 26 Changed: Oct 9 Last Checked: Oct 7 at 1:28PM

Report an Issue

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 Appletree Realty, LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Completed in 2021, this two-story duplex contains two three-bedroom, two-bath residences with 3,552 square feet overall. Each unit offers an open living arrangement, a large kitchen, interior laundry, and generous closet storage. Front and rear porches serve the ground level, while each residence also includes front and rear balconies on the second floor.

The property is configured with separate electric and water metering, and occupants are responsible for all utilities. Off-street parking is provided. The building is identified as being in an X Flood Zone and is located at 1547 49 N Galvez St in New Orleans, Louisiana.

Key Highlights

• 2021 construction with 3,552 square feet across two residences
• Each unit includes 3 bedrooms and 2 full baths
• Front and rear balconies plus porches provide private outdoor areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,977

Cap Rate

6.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$899,540 $899.5K

Cap Rate 7%

$642,529 $642.5K

Cap Rate 9%

$499,744 $499.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,552 SF

Gross rent

$70.3K $19.80/SF

− Vacancy

−$6.1K −$1.71/SF

EGI

$64.3K $18.09/SF

− OpEx

−$19.3K −$5.43/SF

NOI

$45.0K $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%

$899,540

Cap Rate 7%

$642,529

Cap Rate 9%

$499,744

Alternative Uses

Best Use

Multifamily LT 5

$642.5K

$562.2K – $749.6K (±1% cap)

NOI $44,977 @ 7.0% cap · market cap 6.93%

Second Best

Apartment 5plus

$590.6K

$516.8K – $689.0K (±1% cap)

NOI $41,341 @ 7.0% cap · market cap 6.37%

Theoretical Best

Office A

$929.4K

$813.3K – $1.08M (±1% cap)

NOI $65,061 @ 7.0% cap · market cap 10.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,287

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

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Updated Two-Unit Duplex

3717-19 NASHVILLE Avenue, New Orleans, LA 70125

$625,000

3,553 SF

View details

Historic Duplex with Balconies

2101 03 Carrollton Ave, New Orleans, LA 70118

$585,000

3,578 SF

View details

Duplex with Ground-Floor Apartment

4674 FRANKLIN Avenue, New Orleans, LA 70122

$699,000

3,480 SF

View details

Historic Camelback Duplex

2221 LAUREL Street, New Orleans, LA 70130

$699,900

3,463 SF

View details

Renovated Duplex with Owner Unit

2728 General Pershing St, New Orleans, LA 70115

$699,000

3,369 SF

View details

Two-Story Duplex with Covered Parking

2830 32 Palmer Ave, New Orleans, LA 70118

$559,000

3,458 SF

View details

Seven-Bedroom Duplex

2615 Jefferson Ave, New Orleans, LA 70115

$638,000

3,209 SF

View details

Corner-Lot Duplex with Skyline Views

1030 Teche St, New Orleans, LA 70114

$690,000

3,268 SF

View details

Renovated Duplex with Courtyards

1472 Constance St, New Orleans, LA 70130

$574,000

3,300 SF

View details

Duplex with Saltwater Pool

4227-29 Saint Ann St, New Orleans, LA 70119

$735,000

3,828 SF

View details

Maintained Duplex with Courtyard

1539 N Prieur St, New Orleans, LA 70116

$529,000

3,347 SF

View details

Duplex with Screened Porch

8437 S CLAIBORNE Avenue, New Orleans, LA 70118

$510,000

3,385 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - 2021-built income property with spacious layouts, private outdoor areas, and separately metered utilities for each residence.

Where is this duplex located?

The property is located at 1547 49 N Galvez St New Orleans, LA.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: 2021 construction with 3,552 square feet across two residences; Each unit includes 3 bedrooms and 2 full baths; Front and rear balconies plus porches provide private outdoor areas