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Duplex with Central A/C
For Sale
$195,000

2016-18 Spain St, New Orleans, LA 70117

Two rented units offer open living areas, indoor laundry, private electric metering, and shared outdoor space.

Property Size1,625 SF
Price / SF$120
Days on Market49

Property Features for 2016-18 Spain St

General Information

Standard status Active
Size 1,625 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Utilities to Site Yes
Multifamily Units 2

Amenities

open living spaces
front kitchens & bar top
spacious bedrooms
large closets
indoor laundry
central A/C
backyard

Building Details

Year Built 1915
Tenancy Multi
Listing Agency: Soniat Realty, Inc.
Listed By: Delerio Bailey · License #995686804
Source: Dominionplace
Added: Jul 16 Changed: Aug 28 Last Checked: Aug 31 at 7:21PM

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 Soniat Realty, Inc.

Investment Insights

Based on property information with market context.

This two-unit residential property contains 1,625 square feet and was built in 1915. Both units are rented and feature open living areas, front-positioned kitchens with bar seating, spacious bedrooms, generous closet storage, indoor laundry, and central A/C. A backyard provides additional outdoor space for the occupants.

The property has separate electric meters for each unit and a single water meter serving the building. Its duplex configuration supports continued rental use or an owner-occupant arrangement, as reflected in the existing two-unit layout and current tenancy.

Key Highlights

  • Two‑unit property with 1,625 SF of building area
  • Both units are currently rented
  • Built in 1915

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm HVAC Service Accounting Firm Skin Care Clinic Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

682
Businesses Nearby

Demographics for 70117, LA

28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two rented units offer open living areas, indoor laundry, private electric metering, and shared outdoor space.
Where is this duplex located?
The property is located at 2016-18 Spain St New Orleans, LA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑unit property with 1,625 SF of building area; Both units are currently rented; Built in 1915
More about this property
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