Renovated Duplex with Fenced
1561-63 N PRIEUR Street New Orleans, LA 70116
For Sale
$335,000
MULTI_FAMILY - New Orleans, LA
Property Size2,078 SF
Lot Size0.11 Acres
Price / SF$161.21
Days on Market48
Property Features for 1561-63 N PRIEUR Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 701161561NPrieurST
- Size
- 2,078 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- SQ 901 LOT 23 31 X 148 1561-63 N PRIEUR ST DBLE 1/ST 12/RMS S/R
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
David Ernst · License #995683148
(504) 655-8304
Added: Jun 10
Changed: Jul 24
Last Checked: Jul 27 at 4:06AM
MLS# 2562462
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.
This renovated duplex offers two separate 2-bedroom, 2-bath shotgun units on a fully fenced backyard lot. The property was fully renovated in 2020 while preserving original historic character on the exterior. Inside, both units feature vinyl plank flooring, updated kitchens with stainless steel appliances and granite countertops, and tiled bathrooms with modern vanities. Each unit includes walk-in closets and in-unit stackable washer/dryer connections.
Located at 1561-63 N Prieur Street in New Orleans, LA 70116 (Orleans Parish). The building consists of two residential units and is configured for separate, self-contained living spaces.
For tenants or investors seeking a 2-unit income property, this duplex provides modern interior finishes paired with exterior architectural details, along with practical in-unit laundry hookups in each unit.
Located at 1561-63 N Prieur Street in New Orleans, LA 70116 (Orleans Parish). The building consists of two residential units and is configured for separate, self-contained living spaces.
For tenants or investors seeking a 2-unit income property, this duplex provides modern interior finishes paired with exterior architectural details, along with practical in-unit laundry hookups in each unit.
Key Highlights
- Fully fenced backyard lot
- Double offers two 2‑bedroom, 2‑bath shotgun units
- Fully renovated in 2020 with vinyl plank flooring throughout
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 | $41.1k | $19.80 |
| − Vacancy | −$3.6k | −$1.71 |
| EGI | $37.6k | $18.09 |
| − OpEx | −$11.3k | −$5.43 |
| NOI | $26.3k | $12.66 |
2,078 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.9K
$328.9K – $438.6K
NOI $26,313 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$345.5K
$302.3K – $403.1K
NOI $24,186 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$528.2K
$462.1K – $616.2K
NOI $36,971 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated 2-unit duplex with two 2-bedroom, 2-bath shotgun units, fenced backyard, and in-unit washer/dryer connections.
Where is this duplex located?
The property is located at 1561-63 N PRIEUR Street New Orleans, LA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Fully fenced backyard lot; Double offers two 2‑bedroom, 2‑bath shotgun units; Fully renovated in 2020 with vinyl plank flooring throughout
