Duplex with Two Residential
1629 PAULINE Street New Orleans, LA 70117
For Sale
$215,000
MULTI_FAMILY - New Orleans, LA
Property Size1,650 SF
Price / SF$130.30
Days on Market47
Property Features for 1629 PAULINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 39W406307
- Size
- 1,650 SF
Taxes and HOA fees
- Tax Description
- SQ 726 LOT 9 PAULINE 36 X 118 W/FR DBLE 10 RMS A/R
Utilities
- Heating system
- Central
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1937
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Tegan Mason · License #995703612
(504) 300-0700
Added: Jun 8
Changed: Jul 21
Last Checked: Jul 24 at 8:06AM
MLS# 2561818
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex presents two separate residential units under one roof. The primary unit is laid out with 2 bedrooms and 2 bathrooms, offering a more spacious option for owner-occupancy. The second unit features 1 bedroom and 1 bathroom and is described as well-maintained with established rental income.
The property is located at 1629 PAULINE Street in New Orleans, LA 70117, in the Musician's Village area. It’s positioned for walk-and-drive convenience to local dining and entertainment.
For buyers looking to combine living space with income, the configuration supports an owner-occupant model where one unit can be used while the other continues to generate rent. Investors may also evaluate the duplex as a two-unit rental opportunity, based on the provided information that the 1 bed/1 bath unit is already producing rental income. If you’re considering a homeownership start with built-in tenancy flexibility, or a straightforward duplex purchase for rental use, this property’s unit mix is the central feature to focus on.
The property is located at 1629 PAULINE Street in New Orleans, LA 70117, in the Musician's Village area. It’s positioned for walk-and-drive convenience to local dining and entertainment.
For buyers looking to combine living space with income, the configuration supports an owner-occupant model where one unit can be used while the other continues to generate rent. Investors may also evaluate the duplex as a two-unit rental opportunity, based on the provided information that the 1 bed/1 bath unit is already producing rental income. If you’re considering a homeownership start with built-in tenancy flexibility, or a straightforward duplex purchase for rental use, this property’s unit mix is the central feature to focus on.
Key Highlights
- Duplex built in 1937 with a spacious 2BR/2BA owner’s unit and a separate 1BR/1BA unit
- Central heating and central air conditioning, plus window unit(s) for added cooling options
- Fenced exterior with a porch and shingle roof
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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex offering a 2 bed/2 bath layout and a 1 bed/1 bath unit with existing rental income.
Where is this duplex located?
The property is located at 1629 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 built in 1937 with a spacious 2BR/2BA owner’s unit and a separate 1BR/1BA unit; Central heating and central air conditioning, plus window unit(s) for added cooling options; Fenced exterior with a porch and shingle roof
