Split-Level
For Sale
$500,000
1569 ATHIS Street, New Orleans, LA 70122
Multi-Family, Split Level, New Orleans, LA
Property Size3,275 SF
Lot Size0.17 Acres
Price / SF$152.67
Days on Market111
Property Features for 1569 ATHIS Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Lot features
Corner
Standard status
Active
APN
37W523709
Size
3,275 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
LEGION OAKS EXT SQ V LOT 9 ATHIS AND PARIS AVE 60X120 1-1/2 ST SGLE FR 9/RMS A/R
Legal Description
LEGION OAKS EXT SQ V LOT 9 ATHIS AND PARIS AVE 60X120 1-1/2 ST SGLE FR 9/RMS A/R
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
covered parking area
Building Details
Year built
1967
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Split Level
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Louis Williams · License #73679
(985) 237-0712
Added: Jun 17
Changed: Sep 12
Last Checked: Oct 5 at 1:06PM
MLS# 2563162
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 1967 split-level duplex contains 3,275 square feet and offers a flexible arrangement with a leased four-bedroom portion alongside a separate one-bedroom living space. The interior includes sizable living and bedroom areas, connected living, dining, and kitchen spaces, architectural arches, and durable finishes. Central heating and central air serve the home, while the shingle roof and brick exterior provide established physical improvements.
The property occupies 0.1653 acres at 1569 ATHIS Street in New Orleans, Louisiana. Exterior features include a fenced yard, covered parking, and additional off-street parking. Public water serves the property. The current tenant-occupied configuration provides separate living areas that can accommodate the existing arrangement or other supported residential uses.
The property occupies 0.1653 acres at 1569 ATHIS Street in New Orleans, Louisiana. Exterior features include a fenced yard, covered parking, and additional off-street parking. Public water serves the property. The current tenant-occupied configuration provides separate living areas that can accommodate the existing arrangement or other supported residential uses.
Key Highlights
- 3,275 square feet on a 0.1653‑acre lot
- Separate four‑bedroom and one‑bedroom living areas
- Split‑level design with architectural arches and connected living, dining, and kitchen spaces
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.
Property Analytics
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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
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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 - Brick exterior, fenced yard, covered parking, and central heating and cooling support flexible occupancy.
Where is this duplex located?
The property is located at 1569 ATHIS Street 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 square feet on a 0.1653‑acre lot; Separate four‑bedroom and one‑bedroom living areas; Split‑level design with architectural arches and connected living, dining, and kitchen spaces
