Brick Duplex with Flexible
For Sale
$500,000
1569 Athis St, New Orleans, LA 70122
Tenant-occupied duplex with separate living areas, fenced outdoor space, covered parking, and additional off-street parking.
Property Size3,275 SF
Price / SF$152.67
Days on Market64
Property Features for 1569 Athis St
General Information
Standard status
Active
Size
3,275 SF
Property subtype
Multi-Family
Building Details
Year Built
1967
Listing Agency:
Keller Williams Realty Services
Listed By:
Louis Williams · License #73679
(985) 727-7168
Source:
Fiorellaavenue
Added: Aug 16
Changed: Oct 14
Last Checked: Oct 7 at 1:57PM
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 Keller Williams Realty Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,275-square-foot brick duplex, built in 1967, includes a four-bedroom living area and a separate one-bedroom space. The interior offers large bedrooms, connected living, dining, and kitchen areas, architectural arches, substantial natural light, and durable finishes. The configuration supports distinct household arrangements within one property.
A fenced yard, covered parking area, and additional off-street parking complement the home. The property is located on Athis Street in New Orleans’ Gentilly neighborhood, with access to local schools, parks, shopping, dining, and major thoroughfares. The property is currently tenant-occupied, and interior photographs may include virtual staging.
A fenced yard, covered parking area, and additional off-street parking complement the home. The property is located on Athis Street in New Orleans’ Gentilly neighborhood, with access to local schools, parks, shopping, dining, and major thoroughfares. The property is currently tenant-occupied, and interior photographs may include virtual staging.
Key Highlights
- 3,275 SF brick duplex built in 1967
- Four‑bedroom living area plus a separate one‑bedroom space
- Flexible interior arrangement with connected living, dining, and kitchen areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,930
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,600
$678.6K
Cap Rate 7%
$484,714
$484.7K
Cap Rate 9%
$377,000
$377.0K
Market Conditions
NOI Build-Up for 3,275 SF
Gross rent
$53.1K $16.20/SF
− Vacancy
−$4.6K −$1.40/SF
EGI
$48.5K $14.80/SF
− OpEx
−$14.5K −$4.44/SF
NOI
$33.9K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,600
Cap Rate 7%
$484,714
Cap Rate 9%
$377,000
Alternative Uses
Best Use
Multifamily LT 5
$484.7K
$424.1K – $565.5K
NOI $33,930 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$421.0K
$368.4K – $491.2K
NOI $29,472 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$857.0K
$749.9K – $999.8K
NOI $59,988 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with separate living areas, fenced outdoor space, covered parking, and additional off-street parking.
Where is this duplex located?
The property is located at 1569 Athis St New Orleans, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,275 SF brick duplex built in 1967; Four‑bedroom living area plus a separate one‑bedroom space; Flexible interior arrangement with connected living, dining, and kitchen areas
