Duplex with Private
1874-1876 N Roman Street, New Orleans, LA 70116
For Sale
$215,000
Two distinct residences offer updated kitchens, full bathrooms, and individual access.
Property Size1,410 SF
Price / SF$152.48
Days on Market86
Property Features for 1874-1876 N Roman Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
ceiling fans
front porches
Building Details
Building Size
Year Built
Units
Listing Agency:
Brandy Nichols Realty
Listed By:
Brandy Nichols · License LA #995716602
(504) 390-3381
Source:
Donaldjulienrealestate
Added: Aug 21
Changed: Nov 7
Last Checked: Nov 13 at 6:33PM
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 Brandy Nichols Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1874–1876 N Roman Street, this 1,410-square-foot duplex contains two separate units, each with two bedrooms and one bathroom. The interiors have been refreshed with wood-look flooring, ceiling fans, neutral finishes, and open living and kitchen areas. Kitchens include gray cabinetry, light countertops, and ample storage; each bathroom has a tub-and-shower combination with a tiled surround and an updated vanity. Spacious closets and separate entrances serve both residences.
The 1920-built property has a gray exterior with white trim and an individual front porch for each unit.
The 1920-built property has a gray exterior with white trim and an individual front porch for each unit.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,410 square feet across the duplex
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,854
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,080
$357.1K
Cap Rate 7%
$255,057
$255.1K
Cap Rate 9%
$198,378
$198.4K
Market Conditions
NOI Build-Up for 1,410 SF
Gross rent
$27.9K $19.80/SF
− Vacancy
−$2.4K −$1.71/SF
EGI
$25.5K $18.09/SF
− OpEx
−$7.7K −$5.43/SF
NOI
$17.9K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,080
Cap Rate 7%
$255,057
Cap Rate 9%
$198,378
Alternative Uses
Best Use
Multifamily LT 5
$255.1K
$223.2K – $297.6K
NOI $17,854 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$234.4K
$205.1K – $273.5K
NOI $16,411 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$358.4K
$313.6K – $418.1K
NOI $25,086 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
Explore this area
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
$385,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer updated kitchens, full bathrooms, and individual access.
Where is this duplex located?
The property is located at 1874-1876 N Roman Street New Orleans, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,410 square feet across the duplex; Built in 1920
