Shotgun-Style
For Sale
$215,000
Pending
1629 PAULINE Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size1,650 SF
Days on Market15
Property Features for 1629 PAULINE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 3
Patio and Porch features
Porch
Standard status
Pending
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1939
Number of units
2
Building materials
Vinyl Siding
Architectural style
Shotgun
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Tegan M Petrashek · License #995703612
(504) 952-1313
Added: Oct 9
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2580999
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,650-square-foot duplex in New Orleans has two residences: one with 2 bedrooms and 2 bathrooms, and another with 1 bedroom and 1 bathroom. The property was built in 1939 and has a shotgun architectural style, vinyl siding, and a porch. Heating is central; listed cooling includes central air and window units.
Public water and sewer serve the property, and natural gas is available. The one-bedroom residence has established rental income, according to the property details.
Public water and sewer serve the property, and natural gas is available. The one-bedroom residence has established rental income, according to the property details.
Key Highlights
- Two‑unit property with 2‑bedroom, 2‑bath and 1‑bedroom, 1‑bath residences
- 1,650 square feet; built in 1939
- Shotgun architectural style, vinyl siding, and porch
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer a larger two-bedroom layout alongside a one-bedroom 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 2‑bedroom, 2‑bath and 1‑bedroom, 1‑bath residences; 1,650 square feet; built in 1939; Shotgun architectural style, vinyl siding, and porch
