Craftsman Shotgun
1713 15 ROUSSELIN Drive New Orleans, LA 70119
1713 15 ROUSSELIN Drive, New Orleans, LA, 70119
$370,000
For Sale
$370,000
Duplex features open kitchen/living in front with rear bedrooms, plus recent roof, HVAC, and tankless water heater upgrades.
Property Size2,202 SF
Price / SF$168.03
Days on Market511
Property Features for 1713 15 ROUSSELIN Drive
General Information
- Standard status
- Active
- Size
- 2,202 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1922
Listing agency
KELLER WILLIAMS REALTY 455-0100
(504) 319-7428
Listed by
Al Sidhom · License #995690524
(504) 319-7428
Source
Exitrealty
Added: Feb 26, 2025 Updated: Jul 21 at 11:47AM Checked: Jul 22 at 9:48AM
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This Craftsman shotgun double offers a functional layout on both sides, with open kitchen/living at the front and bedrooms located toward the rear. The property features stained glass windows, refinished original wood floors, 11-foot ceilings, and exposed brick chimneys, with mantels updated in the 1713 unit. Exterior and interior have been freshly painted. Recent improvements include a new Fortified roof installed May 2024, along with new HVAC systems and tankless water heaters installed on both sides in 2022.
The 1713 side includes 3–4 bedrooms and 2 full bathrooms, along with an updated kitchen featuring quartzite countertops, a large island, and sleek black stainless steel Samsung appliances, including a dishwasher and gas range. The 1715 side is currently tenant occupied and offers 2 bedrooms and 1 full bathroom. The backyard presents a clean slate for future personalization.
Located just blocks from the fairgrounds with walking access to nearby restaurants and bars, the property also provides easy access to Bayou St. John and City Park.
The 1713 side includes 3–4 bedrooms and 2 full bathrooms, along with an updated kitchen featuring quartzite countertops, a large island, and sleek black stainless steel Samsung appliances, including a dishwasher and gas range. The 1715 side is currently tenant occupied and offers 2 bedrooms and 1 full bathroom. The backyard presents a clean slate for future personalization.
Located just blocks from the fairgrounds with walking access to nearby restaurants and bars, the property also provides easy access to Bayou St. John and City Park.
Key Highlights
- Shotgun‑style Craftsman duplex built in 1922 with open kitchen/living at the front and rear bedrooms on both sides
- Fortified roof installed May 2024; interior and exterior freshly painted
- 2022 upgrades include new HVAC systems and new tankless water heaters on both sides
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 | $43.6k | $19.80 |
| − Vacancy | −$3.8k | −$1.71 |
| EGI | $39.8k | $18.09 |
| − OpEx | −$11.9k | −$5.43 |
| NOI | $27.9k | $12.66 |
2,202 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.3K
$348.5K – $464.7K
NOI $27,883 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$366.1K
$320.4K – $427.2K
NOI $25,629 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$576.2K
$504.2K – $672.2K
NOI $40,334 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex features open kitchen/living in front with rear bedrooms, plus recent roof, HVAC, and tankless water heater upgrades.
Where is this duplex located?
The property is located at 1713 15 ROUSSELIN Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Shotgun‑style Craftsman duplex built in 1922 with open kitchen/living at the front and rear bedrooms on both sides; Fortified roof installed May 2024; interior and exterior freshly painted; 2022 upgrades include new HVAC systems and new tankless water heaters on both sides
