Five-Bedroom
For Sale
$220,000
1732 Alabo Street, New Orleans, LA 70117
Two units provide a three-bedroom and two-bedroom arrangement, with central air and heat serving each residence.
Property Size1,525 SF
Price / SF$144.26
Days on Market205
Property Features for 1732 Alabo Street
General Information
Standard status
Active
Size
1,525 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
central air and heat
Central Air
Central
1
2
5
Other
Slab: Traditional
Brick
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Glen McDonald Properties LLC
Listed By:
Glen McDonald · License #000023742
(504) 915-6499
Source:
Compass
Added: Feb 9
Changed: Aug 31
Last Checked: Aug 29 at 7:15PM
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 Glen McDonald Properties LLC
Investment Insights
Based on property information with market context.
This duplex contains 1,525 SF with five bedrooms divided between two units: the front residence has three bedrooms, while the rear residence has two. Central air and central heat are installed in both units. The structure was built in 1965 and features brick exterior construction over a traditional slab foundation.
Located at 1732 Alabo Street in New Orleans, Louisiana, the property sits on a spacious lot. Its two-unit configuration and separate bedroom layouts provide a clearly defined residential income property profile.
Located at 1732 Alabo Street in New Orleans, Louisiana, the property sits on a spacious lot. Its two-unit configuration and separate bedroom layouts provide a clearly defined residential income property profile.
Key Highlights
- Two‑unit duplex with five bedrooms total
- Front unit includes 3 bedrooms; rear unit includes 2 bedrooms
- 1,525 SF property built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,310
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,200
$386.2K
Cap Rate 7%
$275,857
$275.9K
Cap Rate 9%
$214,556
$214.6K
Market Conditions
NOI Build-Up for 1,525 SF
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.
Gross rent
$30.2K $19.80/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$27.6K $18.09/SF
− OpEx
−$8.3K −$5.43/SF
NOI
$19.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,200
Cap Rate 7%
$275,857
Cap Rate 9%
$214,556
Alternative Uses
Best Use
Multifamily LT 5
$275.9K
$241.4K – $321.8K
NOI $19,310 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$253.6K
$221.9K – $295.8K
NOI $17,749 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$387.6K
$339.2K – $452.2K
NOI $27,132 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two units provide a three-bedroom and two-bedroom arrangement, with central air and heat serving each residence.
Where is this duplex located?
The property is located at 1732 Alabo Street New Orleans, LA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex with five bedrooms total; Front unit includes 3 bedrooms; rear unit includes 2 bedrooms; 1,525 SF property built in 1965
