Fully Renovated Duplex
For Sale
$352,000
1820 22 N Derbigny Street, New Orleans, LA 70116
Fully renovated in 2021 duplex with two 2-bedroom, 2-bath units, central HVAC, separate utilities, and off-street parking.
Days on Market58
Property Features for 1820 22 N Derbigny Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
modern finishes
quartz countertops
open-concept living spaces
high ceilings
exposed brick accents
central HVAC
separate utilities
off-street parking
Building Details
Building Size
1,802 SF
Year Built
1920
Year Renovated
2021
Listing Agency:
Dreux Perry & Co, LLC
(504) 473-0661
Listed By:
Brittani Simms · License #995695171
(504) 473-0661
Source:
Nolalivingrealty
Added: Jun 4
Changed: Jul 26
Last Checked: Jul 30 at 11:47AM
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 fully renovated duplex was updated in 2021 and features two separate units with modern finishes throughout. Each side includes 2 bedrooms and 2 bathrooms with open-concept living areas, high ceilings, and exposed brick accents. Kitchens offer quartz countertops, and both units are equipped with central HVAC, separate utilities, and off-street parking.
Both units are currently occupied, providing immediate rental income for investors and the option for future owner occupancy. The property is located in a central New Orleans area between the Marigny, Bywater, French Quarter, and Downtown, with convenient access to restaurants, entertainment, hospitals, universities, and major employment centers.
Both units are currently occupied, providing immediate rental income for investors and the option for future owner occupancy. The property is located in a central New Orleans area between the Marigny, Bywater, French Quarter, and Downtown, with convenient access to restaurants, entertainment, hospitals, universities, and major employment centers.
Key Highlights
- Fully renovated in 2021 duplex with modern finishes and updated interior in both units
- 2 separate 2‑bedroom, 2‑bath units, each with open‑concept living and high ceilings
- Quartz countertops and exposed brick accents in both units
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 | $35.7k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.6k | $18.09 |
| − OpEx | −$9.8k | −$5.43 |
| NOI | $22.8k | $12.66 |
1,802 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
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
5,087
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 - Fully renovated in 2021 duplex with two 2-bedroom, 2-bath units, central HVAC, separate utilities, and off-street parking.
Where is this duplex located?
The property is located at 1820 22 N 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: Fully renovated in 2021 duplex with modern finishes and updated interior in both units; 2 separate 2‑bedroom, 2‑bath units, each with open‑concept living and high ceilings; Quartz countertops and exposed brick accents in both units
