Two-Unit Shotgun
1612 14 ADAMS Street, New Orleans, LA 70118
For Sale
$299,000
Both residences feature an open living, dining, and kitchen arrangement, with shared laundry between them.
Property Size1,000 SF
Price / SF$299
Days on Market58
Property Features for 1612 14 ADAMS Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
shared laundry area
Central Air
Central
Building Details
Year Built
Stories
Listing Agency:
RE/MAX Affiliates
Listed By:
Donna Chandler · License LA 995705879-ASA
(504) 669-4677
Source:
Evrealestate
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 12 at 7:19AM
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 RE/MAX Affiliates
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Investment Insights
Based on property information with market context.
Built in 1923, this duplex contains two one-bedroom, one-bath residences. Each unit has an open connection between its living area and the combined dining and kitchen space, with granite countertops in the kitchen. Central air and heat serve the property, and laundry facilities are shared between the residences.
The property is on Adams Street in New Orleans, near universities, the streetcar line, shopping, and restaurants. Its zoning designation is Historic Urban Two Family Residential District.
The property is on Adams Street in New Orleans, near universities, the streetcar line, shopping, and restaurants. Its zoning designation is Historic Urban Two Family Residential District.
Key Highlights
- Two residences, each with one bedroom and one bathroom
- Built in 1923
- Open living, dining, and kitchen layout in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,662
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,240
$253.2K
Cap Rate 7%
$180,886
$180.9K
Cap Rate 9%
$140,689
$140.7K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$19.8K $19.80/SF
− Vacancy
−$1.7K −$1.71/SF
EGI
$18.1K $18.09/SF
− OpEx
−$5.4K −$5.43/SF
NOI
$12.7K $12.66/SF
Area
New Orleans, LA
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%
$253,240
Cap Rate 7%
$180,886
Cap Rate 9%
$140,689
Alternative Uses
Best Use
Multifamily LT 5
$180.9K
$158.3K – $211.0K
NOI $12,662 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$166.3K
$145.5K – $194.0K
NOI $11,639 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$254.2K
$222.4K – $296.5K
NOI $17,792 @ 7.0% cap · market cap 5.95%
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
1,419
Businesses Nearby
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Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature an open living, dining, and kitchen arrangement, with shared laundry between them.
Where is this duplex located?
The property is located at 1612 14 ADAMS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two residences, each with one bedroom and one bathroom; Built in 1923; Open living, dining, and kitchen layout in both units
