Two-Unit Duplex with
For Sale
$585,000
1561 N DERBIGNY Street, New Orleans, LA 70116
Multifamily, New Orleans, LA
Property Size2,970 SF
Lot Size0.10 Acres
Price / SF$196.97
Days on Market39
Property Features for 1561 N DERBIGNY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6
Parking
2
Parking features
Driveway
Standard status
Active
APN
37W109128
Size
2,970 SF
Lot size
0.10 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
SQ 764 LOT 20 N DERBIGNY 30 X 148
Legal Description
SQ 764 LOT 20 N DERBIGNY 30 X 148
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2020
Number of units
2
Architectural style
Other
Buildings
1
Listing Agency:
Essential Living Realty LLC
(504) 266-0630
Listed By:
Kristen Kennedy VanCourt · License #995698059
(504) 722-8426
Added: Sep 15
Changed: Oct 23
Last Checked: Oct 23 at 6:06PM
MLS# 2577344
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2020, this two-story duplex contains 2,970 square feet across two residences. Each unit has three bedrooms and two full bathrooms. Central heating and air conditioning serve the property, and the lot measures 0.1019 acres.
The upper unit is furnished and used as a short-term rental. Its private balcony adjoins the primary suite. The lower residence is occupied by a long-term tenant and has a porch off the living room. A driveway provides off-street parking for up to two vehicles. The property is located on N Derbigny Street in New Orleans.
The upper unit is furnished and used as a short-term rental. Its private balcony adjoins the primary suite. The lower residence is occupied by a long-term tenant and has a porch off the living room. A driveway provides off-street parking for up to two vehicles. The property is located on N Derbigny Street in New Orleans.
Key Highlights
- Two‑story duplex with 2,970 square feet
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Built in 2020 on a 0.1019‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,608
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
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
Frequently Asked Questions
What type of property is this?
Duplex - The furnished upper residence operates as a short-term rental, while the lower unit has a long-term tenant.
Where is this duplex located?
The property is located at 1561 N DERBIGNY Street 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: Two‑story duplex with 2,970 square feet; Two residences, each with 3 bedrooms and 2 full bathrooms; Built in 2020 on a 0.1019‑acre lot
