Dual-Side Residential
1550 North Derbigny Street New Orleans, LA 70116
1550 North Derbigny Street, New Orleans, LA, 70116
$380,000
For Sale
$380,000
Residential duplex configured with separate 3-bedroom/2-bath and 2-bedroom/1-bath sides plus a secluded backyard.
Property Size1,900 SF
Price / SF$200
Days on Market100
Property Features for 1550 North Derbigny Street
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing agency
Key Turner Realty LLC
(504) 274-9766
Listed by
Kokoa Brumfield · License #995708623
(504) 274-9766
Source
Compass
Added: Apr 15 Updated: Jul 22 at 9:46AM Checked: Jul 22 at 9:46AM
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 Key Turner Realty LLC
Investment Insights
Based on property information with market context.
This residential duplex offers two independent living configurations within one well-established property. One side features 3 bedrooms and 2 bathrooms, while the other side features 2 bedrooms and 1 bathroom, providing flexibility to rent both units or occupy one side and lease the other.
The home includes a secluded backyard described as sized for enjoyment or relaxation. The property is noted as being located in an X flood zone.
For buyers seeking income-producing residential housing, the duplex layout supports straightforward dual-tenant occupancy based on the distinct unit bedroom and bath counts.
The home includes a secluded backyard described as sized for enjoyment or relaxation. The property is noted as being located in an X flood zone.
For buyers seeking income-producing residential housing, the duplex layout supports straightforward dual-tenant occupancy based on the distinct unit bedroom and bath counts.
Key Highlights
- Residential duplex (1‑story) with two separate sides: 3BD/2BA and 2BD/1BA
- 5 total bedrooms and 3 full bathrooms across both units
- Central air and central heating
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 | $37.6k | $19.80 |
| − Vacancy | −$3.3k | −$1.71 |
| EGI | $34.4k | $18.09 |
| − OpEx | −$10.3k | −$5.43 |
| NOI | $24.1k | $12.66 |
1,900 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.7K
$300.7K – $401.0K
NOI $24,059 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$315.9K
$276.4K – $368.6K
NOI $22,114 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$482.9K
$422.6K – $563.4K
NOI $33,804 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Residential duplex configured with separate 3-bedroom/2-bath and 2-bedroom/1-bath sides plus a secluded backyard.
Where is this duplex located?
The property is located at 1550 North Derbigny Street New Orleans, LA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Residential duplex (1‑story) with two separate sides: 3BD/2BA and 2BD/1BA; 5 total bedrooms and 3 full bathrooms across both units; Central air and central heating
