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

2016-18 SPAIN Street, New Orleans, LA 70117

MULTI_FAMILY - New Orleans, LA

Property Size1,625 SF
Lot Size0.07 Acres
Price / SF$120
Days on Market167

Property Features for 2016-18 SPAIN Street

General Information

Property type Residential Multi Family
Property subtype Other
Exterior features Fence
Fencing Fenced
Lot features Regular
Standard status Active
APN 38W110516
Size 1,625 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Description SQ 1022 LOT M PT 3 SPAIN 30X100 DBLE/FR 10/RM A/R 2016-18 SPAIN ST
Legal Description SQ 1022 LOT M PT 3 SPAIN 30X100 DBLE/FR 10/RM A/R 2016-18 SPAIN ST

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Amenities

indoor laundry
central A/C
backyard

Building Details

Year built 1915
Floors in Building 1
Number of units 2
Roof type Shingle
Architectural style Other
Listing Agency: Soniat Realty, Inc.
Listed By: Delerio Bailey · License #995686804
Added: Mar 20 Changed: Aug 3 Last Checked: Sep 2 at 8:06AM
MLS# 2548787

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 income-producing duplex includes two units that are currently rented. Both homes feature open living spaces with front kitchens and a bar-top serving area, along with spacious bedrooms and large closets. Practical in-unit amenities include indoor laundry and central A/C.

Utilities are separately metered for electricity with separate electric meters for each unit, while water is shared under a single water meter. The property also includes a backyard for outdoor space.

Located at 2016-18 Spain Street in New Orleans, LA 70117, the duplex offers an established two-unit setup designed for day-to-day livability.

Key Highlights

  • Income‑producing double with both units currently rented
  • Both units have central A/C and central heating
  • Separate electric meters and a single shared water meter

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
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
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Frequently Asked Questions

What type of property is this?
Duplex - Income-producing duplex with two rented units, central A/C, indoor laundry, and separate electric meters.
Where is this duplex located?
The property is located at 2016-18 SPAIN Street 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: Income‑producing double with both units currently rented; Both units have central A/C and central heating; Separate electric meters and a single shared water meter
More about this property
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