Two-Unit Duplex with Private Outdoor
For Sale
$395,000
1905-07 EAGLE Street, New Orleans, LA 70118
New Orleans, LA
Property Size2,094 SF
Price / SF$188.63
Days on Market49
Property Features for 1905-07 EAGLE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 5
Standard status
Active
Size
2,094 SF
Amenities
private courtyard garden
porch
no-grass yards
patio deck
sun shade
off-street parking
Building Details
Year built
2020
Listing Agency:
Engel & Volkers New Orleans · Engel & Völkers
(504) 234-5000
Listed By:
Tiffany C Dickerson
Added: Sep 12
Changed: Oct 24
Last Checked: Oct 30 at 12:06AM
MLS# 2569714
Copyright © 2026 Engel & Völkers. 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.
Completed in 2020, this 2,094-square-foot duplex contains two residences, each with three bedrooms and two bathrooms. The front unit has an open kitchen and living area, a porch, and a private courtyard garden. The other residence includes two yards, a patio deck, and a shade structure. The units share one wall.
Off-street parking is provided for both residences, with a dedicated space for each. The property is on Eagle Street in New Orleans.
Off-street parking is provided for both residences, with a dedicated space for each. The property is on Eagle Street in New Orleans.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,094 square feet; built in 2020
- Front residence has an open kitchen and living area, porch, and private courtyard garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,515
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,300
$530.3K
Cap Rate 7%
$378,786
$378.8K
Cap Rate 9%
$294,611
$294.6K
Market Conditions
NOI Build-Up for 2,094 SF
Gross rent
$41.5K $19.80/SF
− Vacancy
−$3.6K −$1.71/SF
EGI
$37.9K $18.09/SF
− OpEx
−$11.4K −$5.43/SF
NOI
$26.5K $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%
$530,300
Cap Rate 7%
$378,786
Cap Rate 9%
$294,611
Alternative Uses
Best Use
Multifamily LT 5
$378.8K
$331.4K – $441.9K
NOI $26,515 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$348.2K
$304.7K – $406.2K
NOI $24,372 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$532.2K
$465.7K – $620.9K
NOI $37,256 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
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Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
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 - Both residences offer three bedrooms, two baths, and their own off-street parking spaces.
Where is this duplex located?
The property is located at 1905-07 EAGLE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,094 square feet; built in 2020; Front residence has an open kitchen and living area, porch, and private courtyard garden
