For Sale
$385,000
1720-1724 PHILIP Street, New Orleans, LA 70113
MULTI_FAMILY - New Orleans, LA
Property Size1,712 SF
Price / SF$224.88
Days on Market9
Property Features for 1720-1724 PHILIP Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street
Exterior features
Balcony, Courtyard
Lot features
Regular
Standard status
Active
APN
1720-PHILIPST
Size
1,712 SF
Taxes and HOA fees
Tax Description
SQ 244 LOT B PHILIP ST 25X62 = 1550 SQ FT
Legal Description
SQ 244 LOT B PHILIP ST 25X62 = 1550 SQ FT
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Slate
Architectural style
Victorian
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 799-1702
Listed By:
Nathalie Dubois · License #995703042
(504) 610-0679
Added: Jul 27
Changed: Aug 3
Last Checked: Aug 4 at 8:06AM
MLS# 2570598
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.
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 | $33.9k | $19.80 |
| − Vacancy | −$2.9k | −$1.71 |
| EGI | $31.0k | $18.09 |
| − OpEx | −$9.3k | −$5.43 |
| NOI | $21.7k | $12.66 |
1,712 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.7K
$271.0K – $361.3K
NOI $21,678 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$284.7K
$249.1K – $332.1K
NOI $19,926 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$435.1K
$380.7K – $507.7K
NOI $30,459 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,734
Businesses Nearby
Explore this area
Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this duplex located?
The property is located at 1720-1724 PHILIP Street New Orleans, LA.
What is the asking price?
The asking price for this property is $385,000.
