Duplex with Basement
New
For Sale
$499,900
1619 General Pershing St, New Orleans, LA 70115
A three-bedroom residence includes a separate basement apartment and a fenced backyard.
Property Size2,132 SF
Price / SF$234.47
Days on Market5
Property Features for 1619 General Pershing St
General Information
Standard status
Active
Size
2,132 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
original wood floors
front porch
rear porch
balcony
private fenced backyard
shed
ample storage
Building Details
Buildings
1
Listing Agency:
Audubon Realty, LLC
(504) 831-3111
Listed By:
David Reso · License #B23827
(504) 616-6208
Source:
Exprealty
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:30AM
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 Audubon Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,132-square-foot duplex pairs a three-bedroom, two-bathroom main residence with a basement apartment offering one bedroom and one bathroom. Original wood floors, front and rear porches, and a primary-bedroom balcony overlooking the backyard add to the home’s physical features. Storage and a shed are also included, and the backyard is fenced.
The property is near restaurants and shopping, with access to Audubon Park, Audubon Zoo, Tulane University, and Loyola University. It is just off the Mardi Gras parade routes near St. Charles and Napoleon avenues.
The property is near restaurants and shopping, with access to Audubon Park, Audubon Zoo, Tulane University, and Loyola University. It is just off the Mardi Gras parade routes near St. Charles and Napoleon avenues.
Key Highlights
- 2,132‑square‑foot duplex with a three‑bedroom, two‑bathroom main residence
- Basement apartment with one bedroom and one bathroom
- Front and rear porches; primary‑bedroom balcony overlooks the backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,325
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,500
$366.5K
Cap Rate 7%
$261,786
$261.8K
Cap Rate 9%
$203,611
$203.6K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$28.7K $13.44/SF
− Vacancy
−$2.5K −$1.16/SF
EGI
$26.2K $12.28/SF
− OpEx
−$7.9K −$3.68/SF
NOI
$18.3K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,500
Cap Rate 7%
$261,786
Cap Rate 9%
$203,611
Alternative Uses
Best Use
Multifamily LT 5
$261.8K
$229.1K – $305.4K
NOI $18,325 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$232.1K
$203.1K – $270.7K
NOI $16,244 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$562.5K
$492.2K – $656.2K
NOI $39,374 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,941
Businesses Nearby
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Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
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
Frequently Asked Questions
What type of property is this?
Duplex - A three-bedroom residence includes a separate basement apartment and a fenced backyard.
Where is this duplex located?
The property is located at 1619 General Pershing St New Orleans, LA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,132‑square‑foot duplex with a three‑bedroom, two‑bathroom main residence; Basement apartment with one bedroom and one bathroom; Front and rear porches; primary‑bedroom balcony overlooks the backyard
