Renovated Double Duplex
1561-63 North Prieur Street New Orleans, LA 70116
1561-63 North Prieur Street, New Orleans, LA, 70116
$335,000
For Sale
$335,000
Renovated duplex with two 2-bedroom, 2-bath units, each featuring in-unit stackable washer/dryer connections.
Property Size2,078 SF
Price / SF$161.21
Days on Market46
Property Features for 1561-63 North Prieur Street
General Information
- Standard status
- Active
- Size
- 2,078 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing agency
Keller Williams Realty New Orleans
(504) 655-8304
Listed by
David Ernst · License #995683148
(504) 655-8304
Source
Compass
Added: Jun 7 Updated: Jul 21 at 9:52PM Checked: Jul 22 at 8:26AM
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 Keller Williams Realty New Orleans
Investment Insights
Based on property information with market context.
This fully renovated double duplex includes two 2-bedroom, 2-bath shotgun-style units. Both units have been updated with vinyl plank flooring, updated kitchens featuring stainless steel appliances and granite countertops, and tiled bathrooms with modern vanities. Additional interior features include walk-in closets and in-unit stackable washer/dryer connections.
The property sits on a fully fenced, sizable backyard lot. The exterior’s original historic character is preserved, including classic New Orleans architectural details.
Offered for sale as a residential income property, this configuration provides two self-contained units within the same double structure.
The property sits on a fully fenced, sizable backyard lot. The exterior’s original historic character is preserved, including classic New Orleans architectural details.
Offered for sale as a residential income property, this configuration provides two self-contained units within the same double structure.
Key Highlights
- Renovated duplex (2 units) with two 2‑bedroom, 2‑bath shotgun units
- Each unit has in‑unit stackable washer/dryer connections and in‑unit laundry
- Updated interiors include vinyl plank flooring, updated kitchens with stainless steel appliances and granite countertops
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 |
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
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated duplex with two 2-bedroom, 2-bath units, each featuring in-unit stackable washer/dryer connections.
Where is this duplex located?
The property is located at 1561-63 North 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: Renovated duplex (2 units) with two 2‑bedroom, 2‑bath shotgun units; Each unit has in‑unit stackable washer/dryer connections and in‑unit laundry; Updated interiors include vinyl plank flooring, updated kitchens with stainless steel appliances and granite countertops
