Two-Unit Duplex with
For Sale
$199,500
1719 21 N Broad St, New Orleans, LA 70119
One-bedroom main unit and separate studio provide a flexible residential income configuration.
Property Size953 SF
Price / SF$209.34
Days on Market87
Property Features for 1719 21 N Broad St
General Information
Standard status
Active
Size
953 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR, 1 x studio
Multifamily Units
2
Building Details
Year Built
1923
Listing Agency:
LPT Realty, LLC.
Listed By:
Dequontis Saul · License #995702509
(504) 732-9347
Source:
Dominionplace
Added: Jul 26
Changed: Oct 17
Last Checked: Oct 7 at 4:27PM
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, LLC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property contains a one-bedroom primary unit and a separate studio, creating a straightforward two-unit layout. The 953-square-foot property was built in 1923 and is currently tenant-occupied.
Located at 1719 21 N Broad St in New Orleans, the property offers a compact multifamily format suited to residential income use. Showings are available by appointment, and tenants should not be disturbed.
Located at 1719 21 N Broad St in New Orleans, the property offers a compact multifamily format suited to residential income use. Showings are available by appointment, and tenants should not be disturbed.
Key Highlights
- One‑bedroom main unit paired with a separate studio
- 953‑square‑foot duplex property
- Built in 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,067
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,340
$241.3K
Cap Rate 7%
$172,386
$172.4K
Cap Rate 9%
$134,078
$134.1K
Market Conditions
NOI Build-Up for 953 SF
Gross rent
$18.9K $19.80/SF
− Vacancy
−$1.6K −$1.71/SF
EGI
$17.2K $18.09/SF
− OpEx
−$5.2K −$5.43/SF
NOI
$12.1K $12.66/SF
Area
ZIP 70119
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%
$241,340
Cap Rate 7%
$172,386
Cap Rate 9%
$134,078
Alternative Uses
Best Use
Multifamily LT 5
$172.4K
$150.8K – $201.1K
NOI $12,067 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$158.5K
$138.7K – $184.9K
NOI $11,092 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$249.4K
$218.2K – $290.9K
NOI $17,456 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One-bedroom main unit and separate studio provide a flexible residential income configuration.
Where is this duplex located?
The property is located at 1719 21 N Broad St New Orleans, LA.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: One‑bedroom main unit paired with a separate studio; 953‑square‑foot duplex property; Built in 1923
