Uptown Duplex with Off-Street
1919-21 Joseph Street New Orleans, LA 70115
1919-21 Joseph Street, New Orleans, LA, 70115
$469,000
For Sale
$469,000
Duplex with off-street parking and flexible living areas, conveniently located near the Freret Street corridor.
Property Size2,200 SF
Price / SF$213.18
Days on Market57
Property Features for 1919-21 Joseph Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing agency
Compass
(504) 343-6683
Listed by
John Schaff · License #912124217
(504) 343-6683
Source
Compass
Added: May 27 Updated: Jul 10 at 2:11PM Checked: Jul 22 at 9:31AM
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 Compass
Investment Insights
Based on property information with market context.
This duplex offers a flexible two-unit layout with spacious living areas and classic New Orleans architectural details. The property includes off-street parking for both sides, supporting day-to-day convenience for occupants. Built as a residential income property, it can be used for owner-occupancy with rental income or as part of an investor’s portfolio.
Located in Uptown, the home is positioned near the Freret Street corridor. Residents can access nearby local shopping and dining, along with neighborhood gathering spots, while still maintaining the character associated with the surrounding area. The remarks also note proximity to universities, parks, and major thoroughfares, which may help with commuting throughout the city.
For tenants and buyers seeking a duplex arrangement, the property’s paired configuration and parking convenience can be practical for a range of household needs. Owners who want to live in one side while renting the other may find the off-street parking a straightforward benefit for both units. Investors may also consider the asset as a residential income opportunity given the property’s established duplex structure and convenient Uptown placement.
Located in Uptown, the home is positioned near the Freret Street corridor. Residents can access nearby local shopping and dining, along with neighborhood gathering spots, while still maintaining the character associated with the surrounding area. The remarks also note proximity to universities, parks, and major thoroughfares, which may help with commuting throughout the city.
For tenants and buyers seeking a duplex arrangement, the property’s paired configuration and parking convenience can be practical for a range of household needs. Owners who want to live in one side while renting the other may find the off-street parking a straightforward benefit for both units. Investors may also consider the asset as a residential income opportunity given the property’s established duplex structure and convenient Uptown placement.
Key Highlights
- Duplex built in 1940 with 4 bedrooms and 3 full bathrooms
- Central air and central heating
- In‑unit laundry features
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 | $29.6k | $13.44 |
| − Vacancy | −$2.6k | −$1.16 |
| EGI | $27.0k | $12.28 |
| − OpEx | −$8.1k | −$3.68 |
| NOI | $18.9k | $8.60 |
2,200 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$270.1K
$236.4K – $315.2K
NOI $18,909 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$239.5K
$209.5K – $279.4K
NOI $16,762 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$580.4K
$507.9K – $677.2K
NOI $40,630 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with off-street parking and flexible living areas, conveniently located near the Freret Street corridor.
Where is this duplex located?
The property is located at 1919-21 Joseph Street New Orleans, LA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Duplex built in 1940 with 4 bedrooms and 3 full bathrooms; Central air and central heating; In‑unit laundry features
