Duplex with Extended
For Sale
$285,000
1562 N DORGENOIS Street, New Orleans, LA 70119
Multi-Family, Shot Gun, New Orleans, LA
Property Size1,412 SF
Price / SF$201.84
Days on Market60
Property Features for 1562 N DORGENOIS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Exterior features
Courtyard, Porch
Lot features
Regular
Subdivision
Historic 7th Ward
Standard status
Active
APN
1562-NDORGENOISST
Size
1,412 SF
Taxes and HOA fees
Tax Description
AS PER TITLE
Legal Description
AS PER TITLE
Utilities
Cooling system
Window Unit(s)
Water source
Public
Amenities
front porch
yard space
Building Details
Year built
1900
Floors in Building
1
Number of units
2
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Cool Murphy, LLC
(504) 321-3194
Listed By:
Desiree McSwain · License #995707701
(504) 232-8199
Added: Aug 7
Changed: Sep 24
Last Checked: Oct 5 at 1:06PM
MLS# 2571491
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.
Investment Insights
Based on property information with market context.
This 1412-square-foot duplex contains two one-bedroom, one-bath units, each with a kitchen. One unit also includes a bonus room with a washer and dryer, while the other is vacant. A new roof was installed in 2025, along with new gutters at the front. Exterior features include a porch, separate yard areas, and a driveway that continues to the rear of the property.
The property is on N. Dorgenois Street in New Orleans, a short walk from the Fair Grounds and Esplanade Avenue. City Park and the French Quarter are also identified as nearby destinations.
The property is on N. Dorgenois Street in New Orleans, a short walk from the Fair Grounds and Esplanade Avenue. City Park and the French Quarter are also identified as nearby destinations.
Key Highlights
- 1412 square feet with two one‑bedroom, one‑bath units
- One unit has a bonus room with a washer and dryer
- New roof installed in 2025; new front gutters
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Explore this area
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
Check the figures for this property
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 - Two separate yard areas and a full-length driveway add useful outdoor and vehicle space.
Where is this duplex located?
The property is located at 1562 N DORGENOIS Street 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: 1412 square feet with two one‑bedroom, one‑bath units; One unit has a bonus room with a washer and dryer; New roof installed in 2025; new front gutters
