Brick Duplex with
For Sale
$449,000
1951-1953 Rosary Dr, New Orleans, LA 70122
Both residences offer separate utility meters, central air, gas heat, and equipped kitchens.
Property Size2,948 SF
Price / SF$152.31
Days on Market10
Property Features for 1951-1953 Rosary Dr
General Information
Standard status
Active
Size
2,948 SF
Property subtype
Multi-Family
Building Details
Year Built
1960
Listing Agency:
Coldwell Banker TEC
Listed By:
JAMES METOYER
(305) 796-9900
Source:
Dominionplace
Added: Sep 29
Last Checked: Oct 7 at 5:09PM
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 Coldwell Banker TEC
Investment Insights
Based on property information with market context.
Built in 1960, this 2,948-square-foot brick duplex contains two 1,474-square-foot residences. Each side has three bedrooms with walk-in closets, two full bathrooms, and a carport, along with off-street parking. Separate utility meters serve the units; both also have central air and gas heat.
Interior features include terrazzo flooring on the first level and oak flooring upstairs, plus ceiling fans in the bedrooms and living areas. Each kitchen includes a refrigerator with ice maker, gas range, microwave, and dishwasher. A laundry room is equipped with a stackable washer and dryer.
The property is on the corner of St. Anthony and near UNO, LSU New Orleans, SUNO, Benjamin Franklin High School, Rouses Market, and PJ's Coffee.
Interior features include terrazzo flooring on the first level and oak flooring upstairs, plus ceiling fans in the bedrooms and living areas. Each kitchen includes a refrigerator with ice maker, gas range, microwave, and dishwasher. A laundry room is equipped with a stackable washer and dryer.
The property is on the corner of St. Anthony and near UNO, LSU New Orleans, SUNO, Benjamin Franklin High School, Rouses Market, and PJ's Coffee.
Key Highlights
- Two residences, each measuring 1,474 square feet, in a 2,948‑square‑foot duplex
- Three bedrooms with walk‑in closets and two full bathrooms in each unit
- Separate utility meters, central air, and gas heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,542
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,840
$610.8K
Cap Rate 7%
$436,314
$436.3K
Cap Rate 9%
$339,356
$339.4K
Market Conditions
NOI Build-Up for 2,948 SF
Gross rent
$47.8K $16.20/SF
− Vacancy
−$4.1K −$1.40/SF
EGI
$43.6K $14.80/SF
− OpEx
−$13.1K −$4.44/SF
NOI
$30.5K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,840
Cap Rate 7%
$436,314
Cap Rate 9%
$339,356
Alternative Uses
Best Use
Multifamily LT 5
$436.3K
$381.8K – $509.0K
NOI $30,542 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$379.0K
$331.6K – $442.2K
NOI $26,529 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$771.4K
$675.0K – $900.0K
NOI $53,998 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
444
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
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 - Both residences offer separate utility meters, central air, gas heat, and equipped kitchens.
Where is this duplex located?
The property is located at 1951-1953 Rosary Dr New Orleans, LA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two residences, each measuring 1,474 square feet, in a 2,948‑square‑foot duplex; Three bedrooms with walk‑in closets and two full bathrooms in each unit; Separate utility meters, central air, and gas heat
