Gentilly Double: Income
2119-21 Robin Street New Orleans, LA 70122
2119-21 Robin Street, New Orleans, LA, 70122
$220,000
For Sale
$220,000
Well-appointed Gentilly double, ideal for owner-occupants or investors.
Property Size1,686 SF
Price / SF$130.49
Days on Market263
Property Features for 2119-21 Robin Street
General Information
- Standard status
- Active
- Size
- 1,686 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1960
Listing Agency
MS Realty, LLC
(504) 606-6340
Listed by
Stephanie Morris · License #995694030
(504) 606-6340
Source
Compass
Added: Oct 28, 2025 Checked: Jul 17 at 4:27 am
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 MS Realty, LLC
Investment Insights
Based on property information with market context.
This Gentilly double offers comfortable living in a convenient location, presenting a flexible opportunity for owner-occupants and investors. The property features two separate units, upstairs and downstairs, each with 2 independent bedrooms and 1 full bath. Both units include a refrigerator, range/oven, washer, and dryer. The upstairs unit also includes a dishwasher. Durable wood-look ceramic tile flooring is installed throughout. Additional features include central air and heat, separate water meters for each unit, and a spacious backyard. The property is located near Elysian Fields Avenue and Filmore Avenue, offering easy access to the University of New Orleans, Dillard University, and major thoroughfares including I-610, I-10, Lakeshore Drive, and Gentilly Boulevard. The property size is 1686 square feet. The property is currently fully tenant-occupied.
Key Highlights
- Two separate units, each with 2 bedrooms and 1 bath - ideal for owner‑occupancy or investment.
- Convenient location near Elysian Fields and Filmore Avenues, providing easy access to universities and major routes.
- Durable and easy‑to‑maintain wood‑look ceramic tile flooring throughout both units.
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 | $27.3k | $16.20 |
| − Vacancy | −$2.4k | −$1.40 |
| EGI | $25.0k | $14.80 |
| − OpEx | −$7.5k | −$4.44 |
| NOI | $17.5k | $10.36 |
1,686 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$249.5K
$218.3K – $291.1K
NOI $17,467 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$216.7K
$189.7K – $252.9K
NOI $15,172 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$441.2K
$386.0K – $514.7K
NOI $30,882 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-appointed Gentilly double, ideal for owner-occupants or investors.
Where is this duplex located?
The property is located at 2119-21 Robin Street New Orleans, LA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 1 bath - ideal for owner‑occupancy or investment.; Convenient location near Elysian Fields and Filmore Avenues, providing easy access to universities and major routes.; Durable and easy‑to‑maintain wood‑look ceramic tile flooring throughout both units.
