Maintained Two-Unit
1834-36 Marigny Street New Orleans, LA 70117
1834-36 Marigny Street, New Orleans, LA, 70117
$215,000
For Sale
$215,000
Turnkey 2/1 + 2/1 duplex with ceramic wood-look flooring, inside laundry, and included appliances.
Property Size1,508 SF
Price / SF$142.57
Days on Market214
Property Features for 1834-36 Marigny Street
General Information
- Standard status
- Active
- Size
- 1,508 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1939
Listing agency
KELLER WILLIAMS REALTY 455-0100
(504) 239-0095
Listed by
Tangie Stephens · License #995689528
(504) 239-0095
Source
Compass
Added: Dec 19, 2025 Updated: Jul 21 at 3:19AM Checked: Jul 21 at 3:19AM
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This beautifully maintained duplex offers a 2/1 + 2/1 layout across two separate units. Both homes feature ceramic wood-look flooring throughout, high ceilings, and French doors separating the living room and bedroom. Each unit includes solid wood kitchen cabinets and an inside laundry room, with appliances included such as a washer, dryer, and refrigerator. Unit 1836 also offers brand-new appliances and granite countertops.
The property is located at 1834-36 Marigny Street in New Orleans, LA.
Unit 1836 is currently leased, providing an existing rental stream.
The property is located at 1834-36 Marigny Street in New Orleans, LA.
Unit 1836 is currently leased, providing an existing rental stream.
Key Highlights
- 2‑unit duplex with 2 bed/1 bath + 2 bed/1 bath layout and 4 total bedrooms, 2 full bathrooms
- Each unit includes inside laundry and appliances: washer, dryer, and refrigerator included
- Unit 1836 is currently leased for $1,200 per month
Local 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 | $29.9k | $19.80 |
| − Vacancy | −$2.6k | −$1.71 |
| EGI | $27.3k | $18.09 |
| − OpEx | −$8.2k | −$5.43 |
| NOI | $19.1k | $12.66 |
1,508 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.8K
$238.7K – $318.3K
NOI $19,095 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$250.7K
$219.4K – $292.5K
NOI $17,551 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$383.3K
$335.4K – $447.2K
NOI $26,830 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey 2/1 + 2/1 duplex with ceramic wood-look flooring, inside laundry, and included appliances.
Where is this duplex located?
The property is located at 1834-36 Marigny Street New Orleans, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 2‑unit duplex with 2 bed/1 bath + 2 bed/1 bath layout and 4 total bedrooms, 2 full bathrooms; Each unit includes inside laundry and appliances: washer, dryer, and refrigerator included; Unit 1836 is currently leased for $1,200 per month
