Duplex with Full-Length
For Sale
$285,000
1562 N DORGENOIS Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size1,412 SF
Price / SF$201.84
Days on Market78
Property Features for 1562 N DORGENOIS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Parking
3
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Directions
https://maps.app.goo.gl/ggYnNvsc8Ycx8jDB6
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
Wood Siding
Architectural style
Shotgun
Listing Agency:
Cool Murphy, LLC
(504) 321-3194
Listed By:
Desiree L McSwain · License #995707701
(504) 232-8199
Added: Aug 7
Changed: Oct 23
Last Checked: Oct 23 at 6:06PM
MLS# 2571491
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.
This 1,412-square-foot duplex has two one-bedroom, one-bathroom units, each with a spacious kitchen. One apartment also includes a bonus room fitted with a washer and dryer. The property has a porch, separate yard areas, and a driveway extending to the rear. A new roof and front gutters were installed in 2025.
The property is near the Fair Grounds and Esplanade Avenue, with City Park and the French Quarter also noted nearby. Both apartments have window-unit cooling; public water and sewer serve the property.
The property is near the Fair Grounds and Esplanade Avenue, with City Park and the French Quarter also noted nearby. Both apartments have window-unit cooling; public water and sewer serve the property.
Key Highlights
- Two apartments, each with 1 bedroom and 1 bathroom
- 1,412 square feet across the duplex
- Bonus room with washer and dryer in one apartment
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.
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom apartments offer separate yard areas, with a bonus room in one unit.
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: Two apartments, each with 1 bedroom and 1 bathroom; 1,412 square feet across the duplex; Bonus room with washer and dryer in one apartment
