Duplex with Two
New
For Sale
$249,000
1915 17 Pleasure St, New Orleans, LA 70122
Two residential units offer distinct bedroom and bathroom configurations near Dillard University.
Property Size2,400 SF
Price / SF$103.75
Days on Market3
Property Features for 1915 17 Pleasure St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Dillard
Units
Unit Mix
3BR/2BA, 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1996
Construction
duplex
Listing Agency:
United Real Estate Partners LLC
(504) 305-4930
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:44AM
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 United Real Estate Partners LLC
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.
This duplex contains two residential units with a combined 2,400 square feet. One unit is configured with three bedrooms and two bathrooms; the other has two bedrooms and one bathroom. The property was built in 1996.
Dillard University is one street away, providing a nearby campus reference for the property’s setting in New Orleans.
Dillard University is one street away, providing a nearby campus reference for the property’s setting in New Orleans.
Key Highlights
- Two‑unit duplex with 2,400 square feet
- One unit has 3 bedrooms and 2 bathrooms; the other has 2 bedrooms and 1 bathroom
- Built in 1996
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,598
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,960
$432.0K
Cap Rate 7%
$308,543
$308.5K
Cap Rate 9%
$239,978
$240.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$43.2K $18.00/SF
− Vacancy
−$3.9K −$1.64/SF
EGI
$39.3K $16.36/SF
− OpEx
−$17.7K −$7.36/SF
NOI
$21.6K $9.00/SF
Area
ZIP 70122
Vacancy
9.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,960
Cap Rate 7%
$308,543
Cap Rate 9%
$239,978
Alternative Uses
Best Use
Multifamily LT 5
$355.2K
$310.8K – $414.4K
NOI $24,865 @ 7.0% cap · market cap 9.99%
Second Best
Apartment 5plus
$308.5K
$270.0K – $360.0K
NOI $21,598 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$628.0K
$549.5K – $732.7K
NOI $43,960 @ 7.0% cap · market cap 17.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct bedroom and bathroom configurations near Dillard University.
Where is this duplex located?
The property is located at 1915 17 Pleasure St New Orleans, LA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,400 square feet; One unit has 3 bedrooms and 2 bathrooms; the other has 2 bedrooms and 1 bathroom; Built in 1996
