Renovated Historic
1926 Saint Philip Street, New Orleans, LA 70116
For Sale
$270,000
Two residences offer dedicated laundry, bonus space, and a shared courtyard-style backyard.
Property Size1,872 SF
Price / SF$144.23
Days on Market64
Property Features for 1926 Saint Philip Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
gas cooking
ceiling fans
indoor laundry
private courtyard
storage shed
Building Details
Building Size
Year Built
Units
Listing Agency:
La Maison Luxe Realty Group LLC
Listed By:
Chantille S Giron · License LA #995693771
(504) 429-7614
Source:
Cypresskeyrealty
Added: Sep 9
Changed: Nov 8
Last Checked: Nov 10 at 2:31PM
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 La Maison Luxe Realty Group LLC
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Investment Insights
Based on property information with market context.
This 1920 duplex provides 1,872 square feet across two units, with four bedrooms and two bathrooms overall. Historic details include original hardwood floors, pocket doors, wood mantels, millwork, elongated windows, and high ceilings. Each unit has gas cooking, ceiling fans, indoor laundry with a washer and dryer, and additional space suited to an office, mudroom, or living area. The property also includes a storage shed and a private courtyard-style backyard.
Recent work includes updated kitchens and bathrooms, a new roof, new windows, replacement siding, refurbished original floors, and updated insulation. The property is across the street from St. Peter Claver and is described as moments from the French Quarter, dining, and live entertainment.
Recent work includes updated kitchens and bathrooms, a new roof, new windows, replacement siding, refurbished original floors, and updated insulation. The property is across the street from St. Peter Claver and is described as moments from the French Quarter, dining, and live entertainment.
Key Highlights
- 1,872 square feet; four bedrooms and two bathrooms across two units
- 1920 construction with original hardwood floors, pocket doors, wood mantels, and millwork
- Updated kitchens and bathrooms, new roof, new windows, replacement siding, and updated insulation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,704
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,080
$474.1K
Cap Rate 7%
$338,629
$338.6K
Cap Rate 9%
$263,378
$263.4K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$37.1K $19.80/SF
− Vacancy
−$3.2K −$1.71/SF
EGI
$33.9K $18.09/SF
− OpEx
−$10.2K −$5.43/SF
NOI
$23.7K $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%
$474,080
Cap Rate 7%
$338,629
Cap Rate 9%
$263,378
Alternative Uses
Best Use
Multifamily LT 5
$338.6K
$296.3K – $395.1K
NOI $23,704 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$311.3K
$272.4K – $363.1K
NOI $21,788 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$475.8K
$416.3K – $555.1K
NOI $33,306 @ 7.0% cap · market cap 12.34%
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
2,062
Businesses Nearby
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Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer dedicated laundry, bonus space, and a shared courtyard-style backyard.
Where is this duplex located?
The property is located at 1926 Saint Philip Street New Orleans, LA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,872 square feet; four bedrooms and two bathrooms across two units; 1920 construction with original hardwood floors, pocket doors, wood mantels, and millwork; Updated kitchens and bathrooms, new roof, new windows, replacement siding, and updated insulation
