Two-Story Duplex with
For Sale
$585,000
1561 63 N Derbigny St, New Orleans, LA 70116
Built in 2020, the property combines open living areas with one furnished residence and one occupied by a long-term tenant.
Property Size2,970 SF
Price / SF$196.97
Days on Market12
Property Features for 1561 63 N Derbigny St
General Information
Standard status
Active
Size
2,970 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
balcony
porch
backyard
Building Details
Year Built
2020
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Bennette Dukes Realty LLC
(504) 321-1014
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Sep 16
Changed: Sep 26
Last Checked: Sep 26 at 7:23AM
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 Bennette Dukes Realty LLC
Investment Insights
Based on property information with market context.
Built in 2020, this two-story duplex contains 2,970 square feet with two three-bedroom, two-bath residences. Both units feature open-concept layouts, modern finishes, primary suites with ensuite bathrooms, and kitchens designed for daily use and entertaining. The upper unit is furnished and includes a private balcony near the primary suite, while the lower unit has a porch adjoining the living room.
The property includes a large backyard and a dedicated driveway with parking for up to two vehicles. The upper residence operates as a short-term rental, and the lower residence is leased to a long-term tenant, providing distinct occupancy arrangements within the same building. The property is located in New Orleans and was constructed in 2020.
The property includes a large backyard and a dedicated driveway with parking for up to two vehicles. The upper residence operates as a short-term rental, and the lower residence is leased to a long-term tenant, providing distinct occupancy arrangements within the same building. The property is located in New Orleans and was constructed in 2020.
Key Highlights
- 2,970‑square‑foot duplex built in 2020
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Furnished upper unit operates as a short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,608
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,160
$752.2K
Cap Rate 7%
$537,257
$537.3K
Cap Rate 9%
$417,867
$417.9K
Market Conditions
NOI Build-Up for 2,970 SF
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.
Gross rent
$58.8K $19.80/SF
− Vacancy
−$5.1K −$1.71/SF
EGI
$53.7K $18.09/SF
− OpEx
−$16.1K −$5.43/SF
NOI
$37.6K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,160
Cap Rate 7%
$537,257
Cap Rate 9%
$417,867
Alternative Uses
Best Use
Multifamily LT 5
$537.3K
$470.1K – $626.8K
NOI $37,608 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$493.8K
$432.1K – $576.1K
NOI $34,567 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$754.9K
$660.5K – $880.7K
NOI $52,841 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2020, the property combines open living areas with one furnished residence and one occupied by a long-term tenant.
Where is this duplex located?
The property is located at 1561 63 N Derbigny St New Orleans, LA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,970‑square‑foot duplex built in 2020; Two residences, each with 3 bedrooms and 2 full bathrooms; Furnished upper unit operates as a short‑term rental
