Renovated Two-Unit
New
For Sale
$319,900
1901-03 Touro Street, New Orleans, LA 70116
Multifamily, New Orleans, LA
Property Size2,000 SF
Lot Size0.06 Acres
Price / SF$159.95
Days on Market1
Property Features for 1901-03 Touro Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5
Parking features
On Street
Exterior features
Private Yard
Appliances
Electric Cooktop, Electric Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Electric Cooktop, Electric Range, Microwave, Refrigerator, Stainless Steel Appliance(s)
Lot features
Corner Lot
Elementary school district
Orleans Parish
Middle school district
Orleans Parish
High school district
Orleans Parish
Directions
From Esplanade Ave and N Claiborne Ave, go northeast on N Claiborne Ave about 0.7 miles, turn left on Frenchmen St, then left on N Prieur St. The property is at the corner of N Prieur St and Touro St (1901-03 Touro St).
Standard status
Active
APN
3-7W-1-129-01
Size
2,000 SF
Lot size
0.06 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Description
SQ 912 LOT 1 A OR PT LOT 1 TOURO AND N PRIEUR 32X88 DBLE 1-1/2 ST 12/RMS S/R 1901-03 TOURO ST
Tax Annual Amount
1519
Legal Description
SQ 912 LOT 1 A OR PT LOT 1 TOURO AND N PRIEUR 32X88 DBLE 1-1/2 ST 12/RMS S/R 1901-03 TOURO ST
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Number of units
2
Building materials
HardiPlank Type, Masonite
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
1 Percent Lists Legacy
(504) 499-0047
Listed By:
Richard A Miley · License #995709617
(985) 265-2046
Added: Oct 29
Last Checked: Oct 29 at 10:06PM
MLS# 200HYE
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.
This duplex contains two renovated residences with a combined area of approximately 2,000 square feet. The units have five bedrooms and four full bathrooms in total. Interior details include luxury vinyl plank floors, ceiling fans, recessed lighting, white kitchens with stainless steel appliances and tiled backsplashes, and bathrooms with marble-look tile surrounds. Exterior and building features include Hardie board siding, a newer shingle roof, central air conditioning, a fenced yard and separate electric meters. The property was built in 1986 and is zoned R2.
Situated on a corner lot in New Orleans’ 7th Ward, the property offers access to downtown, the French Quarter, Bywater and I-10. The duplex is tenant-occupied.
Situated on a corner lot in New Orleans’ 7th Ward, the property offers access to downtown, the French Quarter, Bywater and I-10. The duplex is tenant-occupied.
Key Highlights
- Two renovated units with approximately 2,000 square feet combined
- Five bedrooms and four full bathrooms
- 0.0646‑acre corner lot in New Orleans’ 7th Ward
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,325
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,500
$506.5K
Cap Rate 7%
$361,786
$361.8K
Cap Rate 9%
$281,389
$281.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$39.6K $19.80/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$36.2K $18.09/SF
− OpEx
−$10.9K −$5.43/SF
NOI
$25.3K $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%
$506,500
Cap Rate 7%
$361,786
Cap Rate 9%
$281,389
Alternative Uses
Best Use
Multifamily LT 5
$361.8K
$316.6K – $422.1K
NOI $25,325 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$332.5K
$291.0K – $388.0K
NOI $23,278 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$508.3K
$444.8K – $593.1K
NOI $35,583 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Yes
Highway access
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
Check the figures for this property
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 - Two updated residences feature separate electric meters, central air conditioning and kitchens equipped with stainless steel appliances.
Where is this duplex located?
The property is located at 1901-03 Touro Street New Orleans, LA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two renovated units with approximately 2,000 square feet combined; Five bedrooms and four full bathrooms; 0.0646‑acre corner lot in New Orleans’ 7th Ward
