2-Unit Duplex with Separate
For Sale
$220,000
2119 21 Robin St, New Orleans, LA 70122
Two independent residences offer practical layouts, appliances, central air and heat, and durable tile flooring throughout.
Property Size1,686 SF
Price / SF$130.49
Days on Market69
Property Features for 2119 21 Robin St
General Information
Standard status
Active
Size
1,686 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
refrigerator
range/oven
washer/dryer
dishwasher
central air/heat
separate water meters
spacious backyard
Building Details
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
MS Realty, LLC
Listed By:
Stephanie Morris · License #995694030
(504) 468-7979
Source:
Dominionplace
Added: Aug 12
Changed: Oct 3
Last Checked: Oct 7 at 2:17PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,686-square-foot duplex, built in 1960, is arranged as two separate residences on upper and lower levels. Each unit provides two independent bedrooms and one full bathroom, along with a refrigerator and range/oven. Washers and dryers are included, while the upstairs residence also has a dishwasher. Ceramic tile flooring is installed upstairs, with wood-look ceramic tile downstairs, and central air and heat serve both units. Separate water meters provide independent utility measurement, and the property includes a spacious backyard.
The property is in Gentilly near Elysian Fields Avenue and Filmore Avenue, with access to the University of New Orleans, Dillard University, I-610, I-10, Lakeshore Drive, and Gentilly Boulevard. Both units are currently tenant-occupied. Showings require 48-hour notice.
The property is in Gentilly near Elysian Fields Avenue and Filmore Avenue, with access to the University of New Orleans, Dillard University, I-610, I-10, Lakeshore Drive, and Gentilly Boulevard. Both units are currently tenant-occupied. Showings require 48-hour notice.
Key Highlights
- Two separate units with an upstairs/downstairs configuration
- Each unit includes 2 bedrooms and 1 full bathroom
- 1,686 square feet; built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,467
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,340
$349.3K
Cap Rate 7%
$249,529
$249.5K
Cap Rate 9%
$194,078
$194.1K
Market Conditions
NOI Build-Up for 1,686 SF
Gross rent
$27.3K $16.20/SF
− Vacancy
−$2.4K −$1.40/SF
EGI
$25.0K $14.80/SF
− OpEx
−$7.5K −$4.44/SF
NOI
$17.5K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,340
Cap Rate 7%
$249,529
Cap Rate 9%
$194,078
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 authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences offer practical layouts, appliances, central air and heat, and durable tile flooring throughout.
Where is this duplex located?
The property is located at 2119 21 Robin St 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 with an upstairs/downstairs configuration; Each unit includes 2 bedrooms and 1 full bathroom; 1,686 square feet; built in 1960
