Renovated
For Sale
$352,000
1820-22 North Derbigny Street, New Orleans, LA 70116
Two occupied residences offer separate utilities, private parking, and flexible ownership options.
Property Size1,802 SF
Price / SF$195.34
Days on Market208
Property Features for 1820-22 North Derbigny Street
General Information
Standard status
Active
Size
1,802 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
Central Air
Central
1
4
In Unit
Asphalt
Other
Pillar/Post/Pier
Porch
Building Details
Year Built
1920
Year Renovated
2021
Listing Agency:
Dreux Perry & CO, LLC
Listed By:
Brittani Simms · License #995695171
(504) 473-0661
Source:
Compass
Added: Mar 15
Changed: Oct 6
Last Checked: Oct 7 at 2:45PM
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 Dreux Perry & CO, LLC
Investment Insights
Based on property information with market context.
This duplex at 1820-22 North Derbigny Street contains 1,802 square feet across two residences, each arranged with 2 bedrooms and 2 bathrooms. The property was updated in 2021 with quartz countertops, open living areas, high ceilings, exposed brick details, central HVAC, separate utilities, and off-street parking. A porch adds exterior living space.
Both units are occupied, supporting continued rental use while retaining the option for an owner to live in one residence. The property is positioned between the Marigny, Bywater, French Quarter, and Downtown New Orleans, with restaurants, entertainment, hospitals, universities, and major employment centers identified in the surrounding area.
Both units are occupied, supporting continued rental use while retaining the option for an owner to live in one residence. The property is positioned between the Marigny, Bywater, French Quarter, and Downtown New Orleans, with restaurants, entertainment, hospitals, universities, and major employment centers identified in the surrounding area.
Key Highlights
- 1,802 SF duplex with two 2‑bedroom, 2‑bathroom units
- Renovated in 2021 with quartz countertops and modern finishes
- Both units currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,818
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,360
$456.4K
Cap Rate 7%
$325,971
$326.0K
Cap Rate 9%
$253,533
$253.5K
Market Conditions
NOI Build-Up for 1,802 SF
Gross rent
$35.7K $19.80/SF
− Vacancy
−$3.1K −$1.71/SF
EGI
$32.6K $18.09/SF
− OpEx
−$9.8K −$5.43/SF
NOI
$22.8K $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 Rate 5%
$456,360
Cap Rate 7%
$325,971
Cap Rate 9%
$253,533
Alternative Uses
Best Use
Multifamily LT 5
$326.0K
$285.2K – $380.3K
NOI $22,818 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$299.6K
$262.2K – $349.6K
NOI $20,973 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$458.0K
$400.8K – $534.4K
NOI $32,061 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,537
Businesses Nearby
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
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
What type of property is this?
Duplex - Two occupied residences offer separate utilities, private parking, and flexible ownership options.
Where is this duplex located?
The property is located at 1820-22 North Derbigny Street New Orleans, LA.
What is the asking price?
The asking price for this property is $352,000.
What are key features of this property?
This property features: 1,802 SF duplex with two 2‑bedroom, 2‑bathroom units; Renovated in 2021 with quartz countertops and modern finishes; Both units currently occupied
