Remodeled Duplex with Two 2BR
2117 19 MARAIS Street New Orleans, LA 70116
2117 19 MARAIS Street, New Orleans, LA, 70116
$308,000
Pending
For Sale
$308,000
Pending
Well-maintained duplex offering two 2-bedroom, 1-bath units, remodeled in 2020 with a roof under five years old.
Property Size2,084 SF
Days on Market518
Property Features for 2117 19 MARAIS Street
General Information
- Standard status
- Pending
- Size
- 2,084 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1919
Listing agency
Service 1st Real Estate
(504) 220-7297
Listed by
Antonio Cousin · License #995702397
(504) 220-7297
Source
Exitrealty
Added: Feb 19, 2025 Updated: Jul 20 at 5:49PM Checked: Jul 22 at 10:00AM
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 Service 1st Real Estate
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two 2-bedroom, 1-bath units. Each unit is laid out with a dining room that offers flexibility to be converted into an additional bedroom if desired, creating a possible third bedroom configuration. One side is currently rented, while the other side is available for immediate viewing and move-in.
The property is located at 2117 19 MARAIS Street in New Orleans, LA 70116, near the French Quarter.
The duplex was remodeled in 2020, and the roof is less than five years old, supporting a lower-maintenance ownership experience.
The property is located at 2117 19 MARAIS Street in New Orleans, LA 70116, near the French Quarter.
The duplex was remodeled in 2020, and the roof is less than five years old, supporting a lower-maintenance ownership experience.
Key Highlights
- Remodeled duplex (year built 1919) offering two 2‑bedroom, 1‑bath units
- One unit is rented for $1,500/mo; the other unit is available for immediate viewing and move‑in
- Dining room in one unit has flexibility to be converted into a third bedroom
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 | $41.3k | $19.80 |
| − Vacancy | −$3.6k | −$1.71 |
| EGI | $37.7k | $18.09 |
| − OpEx | −$11.3k | −$5.43 |
| NOI | $26.4k | $12.66 |
2,084 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$377.0K
$329.9K – $439.8K
NOI $26,389 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$346.5K
$303.2K – $404.3K
NOI $24,255 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$529.7K
$463.5K – $618.0K
NOI $37,078 @ 7.0% cap · market cap 12.04%
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 - Well-maintained duplex offering two 2-bedroom, 1-bath units, remodeled in 2020 with a roof under five years old.
Where is this duplex located?
The property is located at 2117 19 MARAIS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $308,000.
What are key features of this property?
This property features: Remodeled duplex (year built 1919) offering two 2‑bedroom, 1‑bath units; One unit is rented for $1,500/mo; the other unit is available for immediate viewing and move‑in; Dining room in one unit has flexibility to be converted into a third bedroom
