Two-Story Duplex with Off-Street
1547-49 North Galvez Street New Orleans, LA 70119
1547-49 North Galvez Street, New Orleans, LA, 70119
$720,000
For Sale
$720,000
Energy-efficient 2021 duplex offers two units with interior laundry and separate electric and water meters.
Property Size3,552 SF
Price / SF$202.70
Days on Market1025
Property Features for 1547-49 North Galvez Street
General Information
- Standard status
- Active
- Size
- 3,552 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2021
Listing agency
Appletree Realty, LLC
(504) 272-7288
Listed by
Cindy Ng · License #995684283
(504) 272-7288
Source
Compass
Added: Oct 2, 2023 Updated: Jul 21 at 12:22PM Checked: Jul 21 at 12:22PM
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
Investment Insights
Based on property information with market context.
Beautiful two-story duplex with off-street parking, built as new construction in 2021 and described as energy efficient. The property is configured as two separate units, each featuring 3 bedrooms and 2 full baths, an open floor plan, an interior laundry area, and large closets.
Each unit also includes front and back outdoor space, with second-floor front and back balconies plus front and back porches. The duplex has separate electric and water meters, and tenants are responsible for all utilities.
The offering is described as X Flood Zone. Tours are available upon an accepted purchase agreement, and tenants should not be disturbed. Address: 1547-49 North Galvez Street, New Orleans, LA 70119.
Each unit also includes front and back outdoor space, with second-floor front and back balconies plus front and back porches. The duplex has separate electric and water meters, and tenants are responsible for all utilities.
The offering is described as X Flood Zone. Tours are available upon an accepted purchase agreement, and tenants should not be disturbed. Address: 1547-49 North Galvez Street, New Orleans, LA 70119.
Key Highlights
- Energy‑efficient 2021 two‑story duplex with frame, HardiPlank, and wood siding; asphalt roof
- Each unit offers 3 bedrooms and 2 full bathrooms (4 full bathrooms total) with a spacious open floor plan
- Interior laundry in each unit and central heating and central air
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 | $70.3k | $19.80 |
| − Vacancy | −$6.1k | −$1.71 |
| EGI | $64.3k | $18.09 |
| − OpEx | −$19.3k | −$5.43 |
| NOI | $45.0k | $12.66 |
3,552 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$642.5K
$562.2K – $749.6K
NOI $44,977 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$590.6K
$516.8K – $689.0K
NOI $41,341 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$929.4K
$813.3K – $1.08M
NOI $65,061 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Energy-efficient 2021 duplex offers two units with interior laundry and separate electric and water meters.
Where is this duplex located?
The property is located at 1547-49 North Galvez Street New Orleans, LA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Energy‑efficient 2021 two‑story duplex with frame, HardiPlank, and wood siding; asphalt roof; Each unit offers 3 bedrooms and 2 full bathrooms (4 full bathrooms total) with a spacious open floor plan; Interior laundry in each unit and central heating and central air
