Duplex with Central
For Sale
$250,000
1870 N ROMAN Street, New Orleans, LA 70116
Multifamily, New Orleans, LA
Property Size1,948 SF
Price / SF$128.34
Days on Market387
Property Features for 1870 N ROMAN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
Parking features
Off Street
Subdivision
Not a Subdivision
Standard status
Active
APN
37W109626
Size
1,948 SF
Additional Details
Tenant in Place
Yes
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2008
Number of units
2
Building materials
Wood Siding
Architectural style
Shotgun
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
Shannon Wells-Guidry · License #995691606
(985) 318-2615
Added: Oct 2, 2025
Changed: Oct 23
Last Checked: Oct 23 at 8:06PM
MLS# 2524637
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2008, this 1,948-square-foot duplex has wood siding, central heating and air conditioning, and off-street parking. The room details include four bedrooms and two bathrooms.
The property is tenant occupied. Showings require at least 48 hours’ advance notice and must be conducted by a licensed real-estate agent; tenants should not be disturbed.
The property is tenant occupied. Showings require at least 48 hours’ advance notice and must be conducted by a licensed real-estate agent; tenants should not be disturbed.
Key Highlights
- 1,948 square feet
- Built in 2008
- Four bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,672
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,440
$453.4K
Cap Rate 7%
$323,886
$323.9K
Cap Rate 9%
$251,911
$251.9K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$45.3K $23.28/SF
− Vacancy
−$4.1K −$2.12/SF
EGI
$41.2K $21.16/SF
− OpEx
−$18.6K −$9.52/SF
NOI
$22.7K $11.64/SF
Area
New Orleans, LA
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%
$453,440
Cap Rate 7%
$323,886
Cap Rate 9%
$251,911
Alternative Uses
Best Use
Multifamily LT 5
$352.4K
$308.3K – $411.1K
NOI $24,667 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$323.9K
$283.4K – $377.9K
NOI $22,672 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$495.1K
$433.2K – $577.6K
NOI $34,658 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The tenant-occupied property has off-street parking and four bedrooms with two bathrooms.
Where is this duplex located?
The property is located at 1870 N ROMAN Street New Orleans, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,948 square feet; Built in 2008; Four bedrooms and two bathrooms
