Corner Lot Income
For Sale
$380,000
1934 36 Delachaise Street, New Orleans, LA 70115
Income-producing duplex with two tenant-occupied units and a shared rear courtyard on a corner lot.
Days on Market85
Property Features for 1934 36 Delachaise Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
shared courtyard
Building Details
Building Size
1,496 SF
Year Built
1930
Listing Agency:
Meghan Mercadel, Broker
(504) 940-4752
Listed By:
Meghan Mercadel · License #995700537
(504) 940-4752
Source:
Nolalivingrealty
Added: May 8
Changed: Jul 26
Last Checked: Jul 31 at 12:21PM
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
Investment Insights
Based on property information with market context.
This income-producing duplex offers two tenant-occupied units, with both currently leased at full market value. The property is arranged on a corner lot and includes a shared courtyard at the rear for outdoor relaxation.
Located in Uptown New Orleans at 1934 36 Delachaise Street, the residence is described as within walking distance to St. Charles Ave and the streetcar line, with access to Mardi Gras parades in the area.
An adjacent duplex owned by the same owner is also available for sale, offering a potential way to consolidate holdings if you are evaluating multiple properties.
Located in Uptown New Orleans at 1934 36 Delachaise Street, the residence is described as within walking distance to St. Charles Ave and the streetcar line, with access to Mardi Gras parades in the area.
An adjacent duplex owned by the same owner is also available for sale, offering a potential way to consolidate holdings if you are evaluating multiple properties.
Key Highlights
- Income‑producing duplex built in 1930 with two tenant‑occupied units
- Both units are rented at full market value
- Duplex sits on a corner lot
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 | $20.1k | $13.44 |
| − Vacancy | −$1.7k | −$1.16 |
| EGI | $18.4k | $12.28 |
| − OpEx | −$5.5k | −$3.68 |
| NOI | $12.9k | $8.60 |
1,496 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
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.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with two tenant-occupied units and a shared rear courtyard on a corner lot.
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: Income‑producing duplex built in 1930 with two tenant‑occupied units; Both units are rented at full market value; Duplex sits on a corner lot
