Duplex with Unoccupied Upper
For Sale
$395,000
1856 58 Industry St, New Orleans, LA 70119
The 2024-built property includes an upper residence that has not been occupied.
Property Size2,944 SF
Price / SF$134.17
Days on Market8
Property Features for 1856 58 Industry St
General Information
Standard status
Active
Size
2,944 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2024
Listing Agency:
Nola Living Realty
(504) 301-9757
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 19 at 7:22AM
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 Nola Living Realty
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Investment Insights
Based on property information with market context.
This duplex was built in 2024 and contains 2,944 square feet. Its upper unit has never been occupied, providing a distinct second residence within the property.
Key Highlights
- 2,944‑square‑foot duplex built in 2024
- Upper unit has never been occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,265
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,300
$685.3K
Cap Rate 7%
$489,500
$489.5K
Cap Rate 9%
$380,722
$380.7K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$68.5K $23.28/SF
− Vacancy
−$6.2K −$2.12/SF
EGI
$62.3K $21.16/SF
− OpEx
−$28.0K −$9.52/SF
NOI
$34.3K $11.64/SF
Area
ZIP 70119
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,300
Cap Rate 7%
$489,500
Cap Rate 9%
$380,722
Alternative Uses
Best Use
Multifamily LT 5
$532.5K
$466.0K – $621.3K
NOI $37,278 @ 7.0% cap · market cap 9.44%
Second Best
Apartment 5plus
$489.5K
$428.3K – $571.1K
NOI $34,265 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$770.4K
$674.1K – $898.8K
NOI $53,925 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The 2024-built property includes an upper residence that has not been occupied.
Where is this duplex located?
The property is located at 1856 58 Industry St New Orleans, LA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,944‑square‑foot duplex built in 2024; Upper unit has never been occupied
