Income Duplex with Studio
1719-21 North Broad Street New Orleans, LA 70119
1719-21 North Broad Street, New Orleans, LA, 70119
$240,000
For Sale
$240,000
Duplex offers a one-bedroom main unit and a separate studio unit with current rental income.
Property Size953 SF
Price / SF$251.84
Days on Market205
Property Features for 1719-21 North Broad Street
General Information
- Standard status
- Active
- Size
- 953 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1923
Listing agency
LPT Realty
(877) 366-2213
Listed by
Dequontis Saul · License #439796
(877) 366-2213
Source
Compass
Added: Dec 29, 2025 Updated: Jul 22 at 4:03AM Checked: Jul 22 at 4:03AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This income duplex includes a one-bedroom main unit and a separate studio unit. The property is currently producing rental income and is positioned for low-maintenance ownership compared with larger multifamily configurations.
The duplex is tenant-occupied, and showings are by appointment only. Please do not disturb tenants.
The two-unit setup provides the option for an owner-occupant to live in the one-bedroom unit while renting the studio, or for investors to maintain income from both units.
The duplex is tenant-occupied, and showings are by appointment only. Please do not disturb tenants.
The two-unit setup provides the option for an owner-occupant to live in the one-bedroom unit while renting the studio, or for investors to maintain income from both units.
Key Highlights
- Duplex with 2 rental units: a one‑bedroom main unit plus a separate studio unit
- Currently producing $2,300 in rental income (tenant‑occupied; do not disturb tenants)
- 2 bedrooms and 2 full bathrooms; on‑premise laundry
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 | $18.9k | $19.80 |
| − Vacancy | −$1.6k | −$1.71 |
| EGI | $17.2k | $18.09 |
| − OpEx | −$5.2k | −$5.43 |
| NOI | $12.1k | $12.66 |
953 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$172.4K
$150.8K – $201.1K
NOI $12,067 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$158.5K
$138.7K – $184.9K
NOI $11,092 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$249.4K
$218.2K – $290.9K
NOI $17,456 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers a one-bedroom main unit and a separate studio unit with current rental income.
Where is this duplex located?
The property is located at 1719-21 North Broad Street New Orleans, LA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Duplex with 2 rental units: a one‑bedroom main unit plus a separate studio unit; Currently producing $2,300 in rental income (tenant‑occupied; do not disturb tenants); 2 bedrooms and 2 full bathrooms; on‑premise laundry
