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Renovation Duplex with Rear Parking
For Sale
$142,500

1864 FARRAGUT Street, New Orleans, LA 70114

MULTI_FAMILY - New Orleans, LA

Property Size2,814 SF
Lot Size0.15 Acres
Price / SF$50.64
Days on Market147

Property Features for 1864 FARRAGUT Street

General Information

Property type Residential Multi Family
Property subtype Other
Parking features Off Street
Lot features Regular
Standard status Active
APN 513504111
Size 2,814 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Description SOUTH N O SQ 13 PT 22, LOT 23, PT 24 OR 23-A 55 X 118 1864/1866 FARRAGUT
Legal Description SOUTH N O SQ 13 PT 22, LOT 23, PT 24 OR 23-A 55 X 118 1864/1866 FARRAGUT

Utilities

Water source Public

Building Details

Year built 1945
Floors in Building 2
Number of units 2
Roof type Shingle
Architectural style Other
Listing Agency: Homesmart Realty South · HomeSmart International
Listed By: Vanessa Parnell · License #000018598
Added: Mar 6 Changed: Jul 15 Last Checked: Jul 31 at 3:06AM
MLS# 2546305

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.

This renovation duplex has been gutted, with studs replaced where needed, and additional framing work already completed. In 2025, the property received a new roof, gutters, siding, windows, and doors. Some electrical wiring and boxes are already in place, but the building still requires plumbing and HVAC installation to be fully functional.

Both units are configured with three bedrooms, including a full bathroom upstairs and a half bathroom downstairs. Parking access is available in the rear, providing practical access for residents.

With each side laid out for 3-bedroom living and major exterior items addressed, this property is positioned for completion and move-in readiness once remaining mechanical systems and plumbing work are finalized.

Key Highlights

  • Double with 2 units; each unit has 3 bedrooms plus a full bath upstairs and a half bath downstairs
  • New roof, gutters, siding, windows, and doors installed in 2025
  • Gutted with studs replaced where needed; some electrical wiring and boxes are already in place

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Skin Care Clinic HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

398
Businesses Nearby

Demographics for 70114, LA

23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex is partially renovated with 2025 exterior updates and needs plumbing and HVAC to complete both units.
Where is this duplex located?
The property is located at 1864 FARRAGUT Street New Orleans, LA.
What is the asking price?
The asking price for this property is $142,500.
What are key features of this property?
This property features: Double with 2 units; each unit has 3 bedrooms plus a full bath upstairs and a half bath downstairs; New roof, gutters, siding, windows, and doors installed in 2025; Gutted with studs replaced where needed; some electrical wiring and boxes are already in place
More about this property
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