Duplex With Two Separate
1629-31 Pauline Street New Orleans, LA 70117
1629-31 Pauline Street, New Orleans, LA, 70117
$215,000
For Sale
$215,000
Duplex offering an owner unit with 2 beds/2 baths and a second unit with 1 bed/1 bath.
Property Size1,650 SF
Price / SF$130.30
Days on Market70
Property Features for 1629-31 Pauline Street
General Information
- Standard status
- Active
- Size
- 1,650 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1937
Listing agency
REVE, REALTORS
(504) 952-1313
Listed by
Tegan Mason · License #995703612
(504) 952-1313
Source
Compass
Added: May 14 Updated: Jul 21 at 4:57AM Checked: Jul 22 at 8:15AM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This duplex includes two separate residential units. The owner’s unit features 2 bedrooms and 2 bathrooms, while the second unit offers a 1 bedroom, 1 bath layout.
The property is located at 1629-31 Pauline Street, New Orleans, LA 70117, with access to local dining and entertainment in the surrounding area.
With a configuration that supports either owner-occupied use or leasing of one or both units, this setup is designed to provide flexibility for residential income buyers.
The property is located at 1629-31 Pauline Street, New Orleans, LA 70117, with access to local dining and entertainment in the surrounding area.
With a configuration that supports either owner-occupied use or leasing of one or both units, this setup is designed to provide flexibility for residential income buyers.
Key Highlights
- Duplex with 3 bedrooms and 3 full bathrooms total, including an owner unit and a second rental unit
- Owner unit: 2 bedrooms and 2 full bathrooms
- Second unit: 1 bedroom and 1 full bathroom
Local Financial Insights For Apartment 5plus
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 | $38.4k | $23.28 |
| − Vacancy | −$3.5k | −$2.12 |
| EGI | $34.9k | $21.16 |
| − OpEx | −$15.7k | −$9.52 |
| NOI | $19.2k | $11.64 |
1,650 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$298.5K
$261.2K – $348.2K
NOI $20,893 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$274.3K
$240.1K – $320.1K
NOI $19,204 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$419.4K
$367.0K – $489.3K
NOI $29,356 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offering an owner unit with 2 beds/2 baths and a second unit with 1 bed/1 bath.
Where is this duplex located?
The property is located at 1629-31 Pauline Street New Orleans, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Duplex with 3 bedrooms and 3 full bathrooms total, including an owner unit and a second rental unit; Owner unit: 2 bedrooms and 2 full bathrooms; Second unit: 1 bedroom and 1 full bathroom
