New Orleans Income
1870 N ROMAN Street New Orleans, LA 70116
1870 N ROMAN Street, New Orleans, LA, 70116
$250,000
For Sale
$250,000
MULTI_FAMILY - New Orleans, LA
Property Size1,948 SF
Price / SF$128.34
Days on Market289
Property Features for 1870 N ROMAN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- APN
- 37W109626
- Size
- 1,948 SF
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2008
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Keller Williams Realty Services
(985) 727-7000
1522 W. Causeway Approach, Mandeville, LA
Listed by
Shannon Wells-Guidry · License #995691606
(985) 727-7000
Added: Oct 2, 2025 Checked: Jul 17 at 2:06 pm
MLS# 2524637
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.
This income-producing multifamily property is located in New Orleans, LA. The property has a size of 1948 square feet. It is tenant occupied. Showings require a minimum of 48 hours advance notice and must be conducted by a licensed real estate agent.
Key Highlights
- Income‑producing property
- Enjoy year‑round comfort with central heating and central air conditioning
- Benefit from the convenience of off‑street parking
Local Financial Insights For Apartment 5plus
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 | $45.3k | $23.28 |
| − Vacancy | −$4.1k | −$2.12 |
| EGI | $41.2k | $21.16 |
| − OpEx | −$18.6k | −$9.52 |
| NOI | $22.7k | $11.64 |
1,948 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
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 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 - Income-producing multifamily property in New Orleans, tenant occupied.
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: Income‑producing property; Enjoy year‑round comfort with central heating and central air conditioning; Benefit from the convenience of off‑street parking
