1561-63 N PRIEUR Street, New Orleans, LA 70116
MULTI_FAMILY - New Orleans, LA
- Added:
- Jun 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 12 at 12:06 am
Property Features for 1561-63 N PRIEUR Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- 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 agent David Ernst License #995683148 (504) 862-0100
Listing office Keller Williams Realty New Orleans 8601 Leake Ave., New Orleans, LA (504) 862-0100
Listing date Jun 10, 2026
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.
HighLights
- Two 2‑bedroom, 2‑bath shotgun units in a double feature layout
- Fully renovated in 2020, preserving classic exterior New Orleans architectural details
- Each unit includes updated kitchens with stainless steel appliances and granite countertops
- Vinyl plank flooring throughout, tiled baths with modern vanities, and walk‑in closets
- In‑unit stackable washer/dryer connections in each unit
- Utilities and basics: Natural gas heating, window A/C units, shingle roof, public water
Overview
The property sits on a fully fenced backyard lot, offering an enclosed outdoor space for the two units. The site is located at 1561-63 N Prieur Street in New Orleans, Louisiana 70116, within Orleans Parish.
As a residential income property, this layout provides two separate, same-style units under one ownership structure. The combination of renovated finishes, in-unit laundry connections, and a fenced yard can make the property attractive to tenants seeking a modernized interior while retaining the historic look of the building exterior.
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 | $41.1k | $19.80 |
| − Vacancy | −$3.6k | −$1.71 |
| EGI | $37.6k | $18.09 |
| − OpEx | −$11.3k | −$5.43 |
| NOI | $26.3k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.068871
- Latitude
- 29.974098
