Duplex with Renovated Lower
For Sale
$345,000
1812 14 N Tonti Street, New Orleans, LA 70119
Two-level income property with a flexible bonus room, hardwood flooring, custom built-ins, and a renovated three-bedroom unit.
Property Size2,666 SF
Price / SF$129.41
Days on Market49
Property Features for 1812 14 N Tonti Street
General Information
Standard status
Active
Size
2,666 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1922
Listing Agency:
ENRG Global Realty, LLC
Listed By:
Hollis Strategier · License #STRAHOLL
Source:
Thepuckettteam
Added: Aug 21
Changed: Oct 1
Last Checked: Oct 7 at 9:16AM
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 ENRG Global Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1922, this 2,666-square-foot duplex combines period character with updates to one of its residences. The upper unit features hardwood flooring, custom built-ins, abundant natural light, and a kitchen finished with warm wood countertops. A bonus room provides additional interior flexibility. The ground-floor unit offers three bedrooms and one bathroom following a 2018 renovation with updated finishes.
The property is positioned a short distance from Bayou St. John, City Park, and the Fairgrounds. Listing imagery has been digitally rendered to illustrate the property's potential and should be considered accordingly.
The property is positioned a short distance from Bayou St. John, City Park, and the Fairgrounds. Listing imagery has been digitally rendered to illustrate the property's potential and should be considered accordingly.
Key Highlights
- 2,666‑square‑foot duplex built in 1922
- Ground‑floor unit includes 3 bedrooms and 1 bathroom
- Lower unit renovated in 2018 with updated finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,029
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,580
$620.6K
Cap Rate 7%
$443,271
$443.3K
Cap Rate 9%
$344,767
$344.8K
Market Conditions
NOI Build-Up for 2,666 SF
Gross rent
$62.1K $23.28/SF
− Vacancy
−$5.6K −$2.12/SF
EGI
$56.4K $21.16/SF
− OpEx
−$25.4K −$9.52/SF
NOI
$31.0K $11.64/SF
Area
ZIP 70119
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,580
Cap Rate 7%
$443,271
Cap Rate 9%
$344,767
Alternative Uses
Best Use
Multifamily LT 5
$482.3K
$422.0K – $562.6K
NOI $33,758 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$443.3K
$387.9K – $517.2K
NOI $31,029 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$697.6K
$610.4K – $813.9K
NOI $48,833 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
972
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level income property with a flexible bonus room, hardwood flooring, custom built-ins, and a renovated three-bedroom unit.
Where is this duplex located?
The property is located at 1812 14 N Tonti Street New Orleans, LA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2,666‑square‑foot duplex built in 1922; Ground‑floor unit includes 3 bedrooms and 1 bathroom; Lower unit renovated in 2018 with updated finishes
