Corner-Lot Duplex with In-Unit
For Sale
$295,000
1700 SHORT Street, New Orleans, LA 70118
Multi-Family, Traditional, New Orleans, LA
Property Size1,636 SF
Lot Size0.07 Acres
Price / SF$180.32
Days on Market156
Property Features for 1700 SHORT Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Fence
Fencing
Fenced
Lot features
Corner
Standard status
Active
APN
716207715
Size
1,636 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
SQ 224 FRONT LOT 10 GREEN AND SHORT 30 X 99 8003 GREEN-1700 SHORT
Legal Description
SQ 224 FRONT LOT 10 GREEN AND SHORT 30 X 99 8003 GREEN-1700 SHORT
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer and dryer
Building Details
Year built
1923
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Century 21 J. Carter & Company · Century 21 Real Estate
(504) 810-2825
Listed By:
Alex DeRojas
(504) 875-8134
Added: May 18
Changed: Sep 12
Last Checked: Oct 20 at 9:06AM
MLS# 2558784
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.
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Investment Insights
Based on property information with market context.
This 1,636-square-foot duplex sits on a 0.068-acre corner lot and was built in 1923. The property includes a 2-bedroom, 1-bath residential unit with granite countertops, no carpet, and an in-unit washer and dryer. Central heating and central air provide mechanical service, while a fence, shingle roof, and public water supply are also part of the property profile.
The property is located one block from the Carrollton streetcar line, with restaurants, universities, and public transit nearby. Its New Orleans setting and corner-lot position add context for residential income property users evaluating a centrally positioned duplex.
The property is located one block from the Carrollton streetcar line, with restaurants, universities, and public transit nearby. Its New Orleans setting and corner-lot position add context for residential income property users evaluating a centrally positioned duplex.
Key Highlights
- 1,636 SF duplex on a 0.068‑acre corner lot
- 2‑bedroom, 1‑bath residential unit
- Granite countertops and no carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,716
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,320
$414.3K
Cap Rate 7%
$295,943
$295.9K
Cap Rate 9%
$230,178
$230.2K
Market Conditions
NOI Build-Up for 1,636 SF
Gross rent
$32.4K $19.80/SF
− Vacancy
−$2.8K −$1.71/SF
EGI
$29.6K $18.09/SF
− OpEx
−$8.9K −$5.43/SF
NOI
$20.7K $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%
$414,320
Cap Rate 7%
$295,943
Cap Rate 9%
$230,178
Alternative Uses
Best Use
Multifamily LT 5
$295.9K
$259.0K – $345.3K
NOI $20,716 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$272.0K
$238.0K – $317.4K
NOI $19,041 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$415.8K
$363.8K – $485.1K
NOI $29,107 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Residential unit includes two bedrooms, one bath, granite countertops, and no carpet.
Where is this duplex located?
The property is located at 1700 SHORT Street New Orleans, LA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,636 SF duplex on a 0.068‑acre corner lot; 2‑bedroom, 1‑bath residential unit; Granite countertops and no carpet
