Corner-Lot Duplex with
For Sale
$380,000
1934-36 Delachaise Street, New Orleans, LA 70115
Tenant-occupied two-unit property with central air and a shared rear courtyard.
Property Size1,496 SF
Price / SF$254.01
Days on Market257
Property Features for 1934-36 Delachaise Street
General Information
Standard status
Active
Size
1,496 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
shared courtyard
Central Air
Central
1
2
4
Asphalt
Pillar/Post/Pier
Wood Siding
Building Details
Year Built
1930
Listing Agency:
Meghan Mercadel, Broker
Listed By:
Meghan Mercadel · License #995700537
(504) 940-4752
Source:
Compass
Added: Feb 5
Changed: Oct 16
Last Checked: Oct 19 at 8:47AM
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 Meghan Mercadel, Broker
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 1,496-square-foot duplex was built in 1930 and includes central air conditioning. The property sits on a corner lot and has wood siding, an asphalt exterior surface, and a pillar/post/pier foundation system. A shared courtyard extends behind the building for outdoor use.
Both units are occupied by tenants. The property is in Uptown New Orleans, within walking distance of St. Charles Avenue, the streetcar line, and Mardi Gras parade routes. Its two-unit configuration and existing occupancy provide a straightforward residential income property format.
Both units are occupied by tenants. The property is in Uptown New Orleans, within walking distance of St. Charles Avenue, the streetcar line, and Mardi Gras parade routes. Its two-unit configuration and existing occupancy provide a straightforward residential income property format.
Key Highlights
- 1,496‑square‑foot duplex on a corner lot
- Built in 1930
- Both units are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,858
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,160
$257.2K
Cap Rate 7%
$183,686
$183.7K
Cap Rate 9%
$142,867
$142.9K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$20.1K $13.44/SF
− Vacancy
−$1.7K −$1.16/SF
EGI
$18.4K $12.28/SF
− OpEx
−$5.5K −$3.68/SF
NOI
$12.9K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,160
Cap Rate 7%
$183,686
Cap Rate 9%
$142,867
Alternative Uses
Best Use
Multifamily LT 5
$183.7K
$160.7K – $214.3K
NOI $12,858 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$162.8K
$142.5K – $190.0K
NOI $11,398 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$394.7K
$345.4K – $460.5K
NOI $27,628 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,878
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied two-unit property with central air and a shared rear courtyard.
Where is this duplex located?
The property is located at 1934-36 Delachaise Street New Orleans, LA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 1,496‑square‑foot duplex on a corner lot; Built in 1930; Both units are tenant‑occupied
