Duplex with Front
New
For Sale
$215,000
1629 PAULINE Street, New Orleans, LA 70117
Multi-Family, Shot Gun, New Orleans, LA
Property Size1,650 SF
Price / SF$130.30
Days on Market2
Property Features for 1629 PAULINE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Lot features
Regular
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
Legal Description
SQ 726 LOT 9 PAULINE 36 X 118 W/FR DBLE 10 RMS A/R
Utilities
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1939
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Tegan Petrashek · License #995703612
(504) 952-1313
Added: Oct 9
Last Checked: Oct 10 at 12:06PM
MLS# 2580999
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 1,650-square-foot duplex, built in 1939, contains two distinct units. One has two bedrooms and two bathrooms; the other includes one bedroom and one bathroom. A porch and fenced exterior are among the property's features.
Heating is central. Cooling is provided by central air and window units, and the property has a shingle roof with public water service.
Heating is central. Cooling is provided by central air and window units, and the property has a shingle roof with public water service.
Key Highlights
- Two‑unit property with 1,650 square feet of living area
- Unit mix: one 2‑bedroom, 2‑bathroom residence and one 1‑bedroom, 1‑bathroom residence
- Built in 1939
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,204
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,080
$384.1K
Cap Rate 7%
$274,343
$274.3K
Cap Rate 9%
$213,378
$213.4K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$38.4K $23.28/SF
− Vacancy
−$3.5K −$2.12/SF
EGI
$34.9K $21.16/SF
− OpEx
−$15.7K −$9.52/SF
NOI
$19.2K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,080
Cap Rate 7%
$274,343
Cap Rate 9%
$213,378
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 authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a 2-bedroom, 2-bathroom unit alongside a 1-bedroom, 1-bathroom unit.
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: Two‑unit property with 1,650 square feet of living area; Unit mix: one 2‑bedroom, 2‑bathroom residence and one 1‑bedroom, 1‑bathroom residence; Built in 1939
