Side-by-Side Duplex Income
1905-07 Arts Street New Orleans, LA 70117
1905-07 Arts Street, New Orleans, LA, 70117
$219,999
For Sale
$219,999
Turnkey side-by-side duplex with two bedrooms and one bathroom on each side, generating rental income.
Property Size1,581 SF
Price / SF$139.15
Days on Market99
Property Features for 1905-07 Arts Street
General Information
- Standard status
- Active
- Size
- 1,581 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1950
Listing agency
Bennette Dukes Realty LLC
(504) 644-1111
Listed by
Danielle Bennette · License #995696479
(504) 644-1111
Source
Compass
Added: Apr 15 Updated: Jul 21 at 10:53PM Checked: Jul 21 at 10:53PM
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 Bennette Dukes Realty LLC
Investment Insights
Based on property information with market context.
This side-by-side duplex is configured as two separate units, with 2 bedrooms and 1 bathroom on each side. The property is presented as turnkey and described as generating total monthly rental income of $2,200.
The address is 1905-07 Arts Street in New Orleans, Louisiana. Public remarks note proximity “just minutes” from St. Roch Market, the Marigny, and the Bywater.
For investors or owner-occupants, the duplex layout provides a straightforward two-unit rental setup with matching bedroom and bathroom counts across both sides.
The address is 1905-07 Arts Street in New Orleans, Louisiana. Public remarks note proximity “just minutes” from St. Roch Market, the Marigny, and the Bywater.
For investors or owner-occupants, the duplex layout provides a straightforward two-unit rental setup with matching bedroom and bathroom counts across both sides.
Key Highlights
- Side‑by‑side double (duplex) with 2 bedrooms and 1 full bathroom on each side
- Interior includes central air cooling and central heating
- Total monthly rental income of $2,200
Local Financial Insights For Multifamily LT 5
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 | $31.3k | $19.80 |
| − Vacancy | −$2.7k | −$1.71 |
| EGI | $28.6k | $18.09 |
| − OpEx | −$8.6k | −$5.43 |
| NOI | $20.0k | $12.66 |
1,581 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.0K
$250.2K – $333.7K
NOI $20,019 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$262.9K
$230.0K – $306.7K
NOI $18,401 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$401.8K
$351.6K – $468.8K
NOI $28,129 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey side-by-side duplex with two bedrooms and one bathroom on each side, generating rental income.
Where is this duplex located?
The property is located at 1905-07 Arts Street New Orleans, LA.
What is the asking price?
The asking price for this property is $219,999.
What are key features of this property?
This property features: Side‑by‑side double (duplex) with 2 bedrooms and 1 full bathroom on each side; Interior includes central air cooling and central heating; Total monthly rental income of $2,200
