Classic Duplex Investment
1617-19 Broadway Street New Orleans, LA 70118
1617-19 Broadway Street, New Orleans, LA, 70118
$589,000
For Sale
$589,000
Duplex on Broadway Street with two spacious units, including one unit currently leased through May 2027.
Property Size3,061 SF
Price / SF$192.42
Days on Market60
Property Features for 1617-19 Broadway Street
General Information
- Standard status
- Active
- Size
- 3,061 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1930
Listing agency
Satsuma Real Estate LLC
(504) 460-7279
Listed by
Brian Shepard · License #995688465
(504) 460-7279
Source
Compass
Added: May 24 Updated: Jul 21 at 7:52PM Checked: Jul 22 at 8:23AM
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 Satsuma Real Estate LLC
Investment Insights
Based on property information with market context.
This classic duplex consists of two spacious units at 1617–19 Broadway Street. The property is described as having abundant natural light and offers flexibility for either investment income or owner-occupied use.
The duplex is located in Uptown New Orleans, just blocks from Tulane and Loyola Universities and from the restaurants and entertainment along Maple Street. One unit at 1619 Broadway is currently rented for $4,400 per month through May 2027.
As a duplex property, it provides two separate residential units within the same building, supporting a straightforward owner and tenant arrangement.
The duplex is located in Uptown New Orleans, just blocks from Tulane and Loyola Universities and from the restaurants and entertainment along Maple Street. One unit at 1619 Broadway is currently rented for $4,400 per month through May 2027.
As a duplex property, it provides two separate residential units within the same building, supporting a straightforward owner and tenant arrangement.
Key Highlights
- Duplex at 1617‑19 Broadway St with 8 bedrooms and 4 full bathrooms across 2 units
- 1619 Broadway St is leased for $4,400/mo through May 2027
- Two‑story stucco duplex with an asphalt roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.6k | $19.80 |
| − Vacancy | −$5.2k | −$1.71 |
| EGI | $55.4k | $18.09 |
| − OpEx | −$16.6k | −$5.43 |
| NOI | $38.8k | $12.66 |
3,061 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$553.7K
$484.5K – $646.0K
NOI $38,760 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$508.9K
$445.3K – $593.8K
NOI $35,626 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$778.0K
$680.8K – $907.7K
NOI $54,460 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex on Broadway Street with two spacious units, including one unit currently leased through May 2027.
Where is this duplex located?
The property is located at 1617-19 Broadway Street New Orleans, LA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Duplex at 1617‑19 Broadway St with 8 bedrooms and 4 full bathrooms across 2 units; 1619 Broadway St is leased for $4,400/mo through May 2027; Two‑story stucco duplex with an asphalt roof
