Duplex with Hardwood
For Sale
$439,000
1814-1816 Dublin St, New Orleans, LA 70118
Two three-bedroom units offer separate staircases, central HVAC, and flexible owner-occupant or rental use.
Property Size2,860 SF
Price / SF$153.50
Days on Market20
Property Features for 1814-1816 Dublin St
General Information
Standard status
Active
Size
2,860 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
hardwood floors
two separate staircases
outdoor space
Building Details
Year Built
1909
Listing Agency:
Satsuma Real Estate LLC
(504) 621-5400
Listed By:
Joshua Fogarty · License #995700768
Source:
Dominionplace
Added: Aug 13
Changed: Aug 30
Last Checked: Aug 31 at 7:27PM
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 Satsuma Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex contains 2,860 square feet across two residential units, each configured with three independent bedrooms and hardwood flooring. Separate staircases serve the units, supporting distinct circulation within the property. Both central HVAC systems were replaced within the last five years, and the building dates to 1909.
One unit is currently occupied by the owner, while the second is leased to a tenant. The property also includes outdoor space suitable for residential use. Located at 1814-1816 Dublin St in New Orleans, the duplex provides a six-bedroom configuration with an existing combination of occupancy and rental use.
One unit is currently occupied by the owner, while the second is leased to a tenant. The property also includes outdoor space suitable for residential use. Located at 1814-1816 Dublin St in New Orleans, the duplex provides a six-bedroom configuration with an existing combination of occupancy and rental use.
Key Highlights
- 2,860‑square‑foot duplex with two residential units
- Each unit includes three independent bedrooms and hardwood floors
- Both central HVAC systems replaced within the last five years
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
$36,215
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
8.25%
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%
$724,300
$724.3K
Cap Rate 7%
$517,357
$517.4K
Cap Rate 9%
$402,389
$402.4K
Market Conditions
NOI Build-Up for 2,860 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
$56.6K $19.80/SF
− Vacancy
−$4.9K −$1.71/SF
EGI
$51.7K $18.09/SF
− OpEx
−$15.5K −$5.43/SF
NOI
$36.2K $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%
$724,300
Cap Rate 7%
$517,357
Cap Rate 9%
$402,389
Alternative Uses
Best Use
Multifamily LT 5
$517.4K
$452.7K – $603.6K
NOI $36,215 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$475.5K
$416.1K – $554.8K
NOI $33,287 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$726.9K
$636.1K – $848.1K
NOI $50,884 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
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 three-bedroom units offer separate staircases, central HVAC, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 1814-1816 Dublin St New Orleans, LA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 2,860‑square‑foot duplex with two residential units; Each unit includes three independent bedrooms and hardwood floors; Both central HVAC systems replaced within the last five years
