Upper-Lower Duplex with Outdoor
For Sale
$574,500
2001-03 GENERAL TAYLOR ST., New Orleans, LA 70115
MULTI_FAMILY - New Orleans, LA
Property Size2,889 SF
Price / SF$198.86
Days on Market110
Property Features for 2001-03 GENERAL TAYLOR ST.
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Balcony, Porch
Lot features
Regular
Subdivision
Delachaise-Milan
Standard status
Active
APN
2001
Size
2,889 SF
Taxes and HOA fees
Tax Description
1. SQ 505 LOT 20 GEN TAYLOR AND 2. DANNEEL 33X90 3. 2001-03 GEN TAYLOR 4. DUP-W
Legal Description
1. SQ 505 LOT 20 GEN TAYLOR AND 2. DANNEEL 33X90 3. 2001-03 GEN TAYLOR 4. DUP-W
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
balconies
porches
private deck
fenced rear yard
laundry center
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Helene Barnett
(504) 289-1062
Added: May 15
Changed: Aug 13
Last Checked: Sep 1 at 11:06PM
MLS# 2558284
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This upper/lower duplex totals 2,889 SF and was built in 1920. Each unit includes its own living spaces plus furnished kitchen and laundry center, and both units feature private outdoor areas such as balconies, porches, and a private deck. The exterior has been freshly painted, and the home features period-trim details, including French doors, original built-ins, and hardwood floors. Central heating and central air conditioning are in place, supported by public water and a shingle roof. The property is in an X-Flood zone.
The duplex has an optional driveway and a shaded, fenced rear yard. It is offered subject to the current lease, which expires at the end of August.
The duplex has an optional driveway and a shaded, fenced rear yard. It is offered subject to the current lease, which expires at the end of August.
Key Highlights
- 2,889 SF upper/lower duplex built in 1920
- Private outdoor space includes balconies, porches, and a private deck
- Central heat and central air with public water
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,831
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,620
$496.6K
Cap Rate 7%
$354,729
$354.7K
Cap Rate 9%
$275,900
$275.9K
Market Conditions
NOI Build-Up for 2,889 SF
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.
Gross rent
$38.8K $13.44/SF
− Vacancy
−$3.4K −$1.16/SF
EGI
$35.5K $12.28/SF
− OpEx
−$10.6K −$3.68/SF
NOI
$24.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,620
Cap Rate 7%
$354,729
Cap Rate 9%
$275,900
Alternative Uses
Best Use
Multifamily LT 5
$354.7K
$310.4K – $413.9K
NOI $24,831 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$314.5K
$275.2K – $366.9K
NOI $22,012 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$762.2K
$666.9K – $889.2K
NOI $53,354 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,833
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 - Upper/lower duplex offering central HVAC, 2,889 SF, and private outdoor areas including balconies and porches.
Where is this duplex located?
The property is located at 2001-03 GENERAL TAYLOR ST. New Orleans, LA.
What is the asking price?
The asking price for this property is $574,500.
What are key features of this property?
This property features: 2,889 SF upper/lower duplex built in 1920; Private outdoor space includes balconies, porches, and a private deck; Central heat and central air with public water
