Renovated
New
For Sale
$229,000
1636 38 Poland Ave, New Orleans, LA 70117
The property includes a shared rear yard, washer and dryer hookups, and off-street parking.
Property Size1,536 SF
Price / SF$149.09
Days on Market4
Property Features for 1636 38 Poland Ave
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
washer/dryer hookups
shared backyard
Building Details
Year Built
1960
Listing Agency:
Tuxor Realty
(713) 893-5580
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Oct 16
Changed: Oct 18
Last Checked: Oct 19 at 7:20AM
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 Tuxor Realty
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Investment Insights
Based on property information with market context.
This renovated duplex was built in 1960 and contains 1,536 square feet, with four independent bedrooms and two bathrooms. Tile and laminate wood flooring run throughout, and the layout has an open-plan design. Washer and dryer hookups are provided, along with off-street parking and a shared, open backyard.
The property is minutes from the Marigny and Bywater neighborhoods and the French Quarter, and close to Chalmette and Gentilly.
The property is minutes from the Marigny and Bywater neighborhoods and the French Quarter, and close to Chalmette and Gentilly.
Key Highlights
- 1,536‑square‑foot duplex built in 1960
- Four independent bedrooms and two bathrooms
- Renovated interior with tile and laminate wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,450
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,000
$389.0K
Cap Rate 7%
$277,857
$277.9K
Cap Rate 9%
$216,111
$216.1K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$30.4K $19.80/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$27.8K $18.09/SF
− OpEx
−$8.3K −$5.43/SF
NOI
$19.4K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,000
Cap Rate 7%
$277,857
Cap Rate 9%
$216,111
Alternative Uses
Best Use
Multifamily LT 5
$277.9K
$243.1K – $324.2K
NOI $19,450 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$255.4K
$223.5K – $298.0K
NOI $17,877 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$390.4K
$341.6K – $455.5K
NOI $27,328 @ 7.0% cap · market cap 11.93%
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
656
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 - The property includes a shared rear yard, washer and dryer hookups, and off-street parking.
Where is this duplex located?
The property is located at 1636 38 Poland Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,536‑square‑foot duplex built in 1960; Four independent bedrooms and two bathrooms; Renovated interior with tile and laminate wood flooring
