Turnkey Duplex with Two
1915-17 Pleasure Street New Orleans, LA 70122
For Sale
$279,997
Recently renovated Gentilly duplex with a combined unit mix of 3BR/2BA and 2BR/1BA.
Property Size2,400 SF
Price / SF$116.67
Days on Market155
Property Features for 1915-17 Pleasure Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1996
Listing Agency:
Face to Face Realty, LLC
(504) 473-6840
Listed By:
John Kendall · License #995685380
(504) 473-6840
Source:
Compass
Added: Feb 18
Changed: Jul 23
Last Checked: Jul 23 at 5:57PM
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 Face to Face Realty, LLC
Investment Insights
Based on property information with market context.
This recently renovated duplex in Gentilly is offered as a turnkey property with two residential units. The unit mix includes one 3-bedroom, 2-bath layout and one 2-bedroom, 1-bath layout.
Public remarks note Dillard University is one street over, supporting convenience for student housing, faculty, or long-term tenants.
The property is positioned to accommodate tenants who value community and practical day-to-day access, with the established bedroom and bath configurations providing a straightforward rental setup.
Public remarks note Dillard University is one street over, supporting convenience for student housing, faculty, or long-term tenants.
The property is positioned to accommodate tenants who value community and practical day-to-day access, with the established bedroom and bath configurations providing a straightforward rental setup.
Key Highlights
- Recently renovated 2‑story Gentilly duplex built in 1996
- Unit mix: 3BR/2BA and 2BR/1BA (total 5 bedrooms, 3 full bathrooms)
- Central air and central heating
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 | $38.9k | $16.20 |
| − Vacancy | −$3.4k | −$1.40 |
| EGI | $35.5k | $14.80 |
| − OpEx | −$10.7k | −$4.44 |
| NOI | $24.9k | $10.36 |
2,400 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$355.2K
$310.8K – $414.4K
NOI $24,865 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$308.5K
$270.0K – $360.0K
NOI $21,598 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$628.0K
$549.5K – $732.7K
NOI $43,960 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Recently renovated Gentilly duplex with a combined unit mix of 3BR/2BA and 2BR/1BA.
Where is this duplex located?
The property is located at 1915-17 Pleasure Street New Orleans, LA.
What is the asking price?
The asking price for this property is $279,997.
What are key features of this property?
This property features: Recently renovated 2‑story Gentilly duplex built in 1996; Unit mix: 3BR/2BA and 2BR/1BA (total 5 bedrooms, 3 full bathrooms); Central air and central heating
