Creole Cottage
1639 41 N VILLERE Street New Orleans, LA 70116
1639 41 N VILLERE Street, New Orleans, LA, 70116
$275,000
For Sale
$275,000
Cottage, Other - New Orleans, LA
Property Size1,842 SF
Lot Size0.09 Acres
Price / SF$149.29
Days on Market12
Property Features for 1639 41 N VILLERE Street
General Information
- Property type
- Other
- Property subtype
- Duplex
- Bedrooms
- 8
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- None
- Standard status
- Active
- APN
- 1641-NVILLEREST
- Size
- 1,842 SF
- Lot size
- 0.09 Acres
Utilities
- Heating system
- None (Heating)
- Cooling system
- Multi Units, Window Unit(s)
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Roof type
- Asphalt, Shingle
- Architectural style
- Cottage
Listing Agency
Engel & Völkers New Orleans
(504) 234-5000
2844 Magazine Street, New Orleans, LA
Listed by
Richard Hebert
(504) 617-5184
Added: Jul 8 Checked: Jul 19 at 5:06 am
MLS# 2566018
Listing URL
Copyright © 2026 Engel & Völkers. 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.
1639–41 N. Villere Street presents a Creole cottage duplex featuring two mirrored residences. Each unit includes four bedrooms and one bathroom, for a combined total of eight fully independent bedrooms and two bathrooms.
The property provides approximately 921 square feet per side, for about 1,842 total square feet. The duplex sits on a large 32' x 128' lot.
Located in the Seventh Ward, the property is described as being just blocks from the French Quarter, Marigny, and Bywater, with Esplanade Ridge and Bayou St. John nearby and easy access to I-10. Additional nearby points referenced include Kermit's Mother-in-Law Lounge, Lil Dizzy's, Budsi's, the Lafitte Greenway, and Esplanade for walking and biking. The layout supports keeping the units as-is as an investment, renovating for a value-add approach, or combining the two units into a single larger residence. Video tour available upon request.
The property provides approximately 921 square feet per side, for about 1,842 total square feet. The duplex sits on a large 32' x 128' lot.
Located in the Seventh Ward, the property is described as being just blocks from the French Quarter, Marigny, and Bywater, with Esplanade Ridge and Bayou St. John nearby and easy access to I-10. Additional nearby points referenced include Kermit's Mother-in-Law Lounge, Lil Dizzy's, Budsi's, the Lafitte Greenway, and Esplanade for walking and biking. The layout supports keeping the units as-is as an investment, renovating for a value-add approach, or combining the two units into a single larger residence. Video tour available upon request.
Key Highlights
- 1639‑41 N. Villere St. Seventh Ward duplex (two units).
- Mirrored unit layout with about 921 SF per side for 1,842 total SF and 2 total bathrooms.
- 32' x 128' lot with room for future options.
Local Financial Insights For Multifamily LT 5
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 | $36.5k | $19.80 |
| − Vacancy | −$3.2k | −$1.71 |
| EGI | $33.3k | $18.09 |
| − OpEx | −$10.0k | −$5.43 |
| NOI | $23.3k | $12.66 |
1,842 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.6K – $388.7K
NOI $23,324 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$306.3K
$268.0K – $357.3K
NOI $21,439 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$468.2K
$409.7K – $546.2K
NOI $32,772 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two mirrored rental units offer four independent bedrooms and one bath each, totaling eight bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 1639 41 N VILLERE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1639‑41 N. Villere St. Seventh Ward duplex (two units).; Mirrored unit layout with about 921 SF per side for 1,842 total SF and 2 total bathrooms.; 32' x 128' lot with room for future options.
