Residential Income Duplex with Rear
2017 Governor Nicholls Street New Orleans, LA 70116
2017 Governor Nicholls Street, New Orleans, LA, 70116
$349,000
For Sale
$349,000
Tenant-occupied duplex with two units in the front structure and a rear unit.
Property Size1,740 SF
Price / SF$200.57
Days on Market170
Property Features for 2017 Governor Nicholls Street
General Information
- Standard status
- Active
- Size
- 1,740 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing agency
Talbot Realty Group
(504) 319-1452
Listed by
Christopher Talbot · License #000075986
(504) 319-1452
Source
Compass
Added: Feb 2 Updated: Jul 21 at 8:24PM Checked: Jul 21 at 8:24PM
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 Talbot Realty Group
Investment Insights
Based on property information with market context.
This tenant-occupied residential income property includes two residential units in a front structure and an additional rear unit, creating a three-unit configuration on the site. The offering is described as featuring classic New Orleans character, and it is part of a larger portfolio of 13 rental properties available for sale in individual purchases or packaged offerings.
The property is located in Treme with convenient access to the French Quarter, Esplanade Avenue, and downtown, along with neighborhood amenities.
The sale is being offered with owner financing available. Please contact the agent for additional details regarding financing terms and portfolio options.
The property is located in Treme with convenient access to the French Quarter, Esplanade Avenue, and downtown, along with neighborhood amenities.
The sale is being offered with owner financing available. Please contact the agent for additional details regarding financing terms and portfolio options.
Key Highlights
- Tenant‑occupied duplex with two residential units in the front structure and a rear unit
- 3 bedrooms and 2 full bathrooms
- Year built 1920
Local 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 | $34.5k | $19.80 |
| − Vacancy | −$3.0k | −$1.71 |
| EGI | $31.5k | $18.09 |
| − OpEx | −$9.4k | −$5.43 |
| NOI | $22.0k | $12.66 |
1,740 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$314.8K
$275.4K – $367.2K
NOI $22,033 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$289.3K
$253.2K – $337.5K
NOI $20,252 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$442.3K
$387.0K – $516.0K
NOI $30,958 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Tenant-occupied duplex with two units in the front structure and a rear unit.
Where is this duplex located?
The property is located at 2017 Governor Nicholls Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Tenant‑occupied duplex with two residential units in the front structure and a rear unit; 3 bedrooms and 2 full bathrooms; Year built 1920
