Duplex with New
For Sale
$285,000
1562 N Dorgenois St, New Orleans, LA 70119
Two one-bedroom residences offer separate living areas, private yard space, and flexible occupancy options.
Property Size1,412 SF
Price / SF$201.84
Days on Market52
Property Features for 1562 N Dorgenois St
General Information
Standard status
Active
Size
1,412 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
bonus room
washer and dryer
shared backyard
front porch
Building Details
Year Built
1900
Listing Agency:
Boyd Realtors, LLC
(504) 533-8701
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Aug 17
Changed: Oct 7
Last Checked: Oct 7 at 12:30PM
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 Boyd Realtors, LLC
Investment Insights
Based on property information with market context.
This duplex at 1562 N Dorgenois St in New Orleans, LA, contains two separate one-bedroom, one-bath residences. Both sides include generously sized kitchens, while one unit adds a bonus room with a washer, dryer, and desk that can serve as office or studio space. One residence is vacant for immediate occupancy, and the other is owner occupied. The property also includes a classic front porch, a driveway extending to the rear, and a large backyard with dedicated outdoor areas for each tenant.
A new roof and front gutters were installed in 2025. The property is located near the Fair Grounds and Esplanade Avenue, with Liuzza’s, Lola’s, and Kermit Ruffins’ Mother-in-Law Lounge identified nearby. The configuration supports either owner occupancy with a second residence or leasing both units.
A new roof and front gutters were installed in 2025. The property is located near the Fair Grounds and Esplanade Avenue, with Liuzza’s, Lola’s, and Kermit Ruffins’ Mother-in-Law Lounge identified nearby. The configuration supports either owner occupancy with a second residence or leasing both units.
Key Highlights
- Two 1‑bedroom, 1‑bath residences
- New roof and front gutters installed in 2025
- One unit vacant; the other owner occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,879
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,580
$357.6K
Cap Rate 7%
$255,414
$255.4K
Cap Rate 9%
$198,656
$198.7K
Market Conditions
NOI Build-Up for 1,412 SF
Gross rent
$28.0K $19.80/SF
− Vacancy
−$2.4K −$1.71/SF
EGI
$25.5K $18.09/SF
− OpEx
−$7.7K −$5.43/SF
NOI
$17.9K $12.66/SF
Area
ZIP 70119
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%
$357,580
Cap Rate 7%
$255,414
Cap Rate 9%
$198,656
Alternative Uses
Best Use
Multifamily LT 5
$255.4K
$223.5K – $298.0K
NOI $17,879 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$234.8K
$205.4K – $273.9K
NOI $16,434 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$369.5K
$323.3K – $431.1K
NOI $25,863 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
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Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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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 - Two one-bedroom residences offer separate living areas, private yard space, and flexible occupancy options.
Where is this duplex located?
The property is located at 1562 N Dorgenois St New Orleans, LA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath residences; New roof and front gutters installed in 2025; One unit vacant; the other owner occupied
