Historic New Orleans Multifamily
1837-39 TOURO Street New Orleans, LA 70116
1837-39 TOURO Street, New Orleans, LA, 70116
$279,900
Pending
For Sale
$279,900
Pending
MULTI_FAMILY - New Orleans, LA
Property Size1,994 SF
Days on Market176
Property Features for 1837-39 TOURO Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage, Off Street
- Standard status
- Pending
- APN
- 37W110107
- Size
- 1,994 SF
Taxes and HOA fees
- Tax Description
- SQ 885 LOT N 10 TOURO AND N PRIEUR 32 X 97 DBLE 1/ST 12/RMS S/R
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1937
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
1 Percent Lists Legacy
(504) 499-0047
1007 E Judge Perez Dr, Chalmette, LA
Listed by
Trey Miley · License #995709617
(504) 499-0047
Added: Jan 22 Checked: Jul 17 at 2:06 pm
MLS# 2539558
Listing URL
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property at 1837-39 Touro St. is a well-maintained, historic multifamily duplex offering 1,994 square feet of total living space. Each unit features a 3-bedroom, 1-bathroom layout in a classic New Orleans shotgun-style design. The property features a fortified roof installed in 2024. Interiors showcase soaring ceilings and decorative fireplaces, blending historic charm with modern updates. Features include updated flooring, contemporary lighting, exposed brick accents, and generously sized bedrooms. The kitchens are well-appointed with abundant cabinetry and solid surface countertops. Bathrooms range from refreshed classic styles to modern walk-in showers with sleek tile finishes. A detached 620 square foot garage provides secure off-street parking, storage, or workshop potential. A private courtyard is perfect for outdoor seating and entertaining. Additional features include a security camera system that will remain with the sale. The exterior boasts classic New Orleans curb appeal with vibrant shutters, architectural detailing, and gated access. It is ideal for owner-occupants, multigenerational living, or investors seeking a turnkey duplex with strong rental appeal in a character-rich New Orleans setting.
Key Highlights
- Historic New Orleans duplex at 1837–1839 Touro St with 1,994 sq ft total living space
- Each unit offers a 3‑bedroom, 1‑bath layout with classic New Orleans shotgun‑style design
- Fortified roof installed in 2024 for added durability
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 | $39.5k | $19.80 |
| − Vacancy | −$3.4k | −$1.71 |
| EGI | $36.1k | $18.09 |
| − OpEx | −$10.8k | −$5.43 |
| NOI | $25.2k | $12.66 |
1,994 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$360.7K
$315.6K – $420.8K
NOI $25,249 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$331.5K
$290.1K – $386.8K
NOI $23,208 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$506.8K
$443.5K – $591.3K
NOI $35,477 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Classic New Orleans duplex with modern updates and detached garage.
Where is this duplex located?
The property is located at 1837-39 TOURO Street New Orleans, LA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Historic New Orleans duplex at 1837–1839 Touro St with 1,994 sq ft total living space; Each unit offers a 3‑bedroom, 1‑bath layout with classic New Orleans shotgun‑style design; Fortified roof installed in 2024 for added durability
