Five-Bedroom Brick
For Sale
$495,000
1569 ATHIS Street, New Orleans, LA 70122
Multifamily, New Orleans, LA
Property Size3,275 SF
Lot Size0.17 Acres
Price / SF$151.15
Days on Market129
Property Features for 1569 ATHIS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2
Parking features
Off Street
Lot features
Corner Lot
Standard status
Active
APN
37W523709
Size
3,275 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1967
Floors in Building
2
Number of units
2
Building materials
Brick
Architectural style
Split Level
Buildings
1
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
Louis Williams · License #000073679
(985) 237-0712
Added: Jun 17
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2563162
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 3,275-square-foot split-level duplex has a brick exterior and five bedrooms with four bathrooms. Separate living areas provide distinct spaces within the home, and central heating and air conditioning serve the interior. The property was built in 1967 and is currently tenant-occupied.
The 0.1653-acre parcel includes a fenced yard, covered parking, and additional off-street parking. Public water and sewer serve the property, and natural gas is available.
The 0.1653-acre parcel includes a fenced yard, covered parking, and additional off-street parking. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- 3,275 square feet with five bedrooms and four bathrooms
- Split‑level brick construction, built in 1967
- Separate living areas within the home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,930
Cap Rate
6.85%
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 6.85%
Second Best
Apartment 5plus
$421.0K
$368.4K – $491.2K
NOI $29,472 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$857.0K
$749.9K – $999.8K
NOI $59,988 @ 7.0% cap · market cap 12.12%
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
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas complement a split-level layout with central heating and air conditioning.
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 $495,000.
What are key features of this property?
This property features: 3,275 square feet with five bedrooms and four bathrooms; Split‑level brick construction, built in 1967; Separate living areas within the home
