Historic Corner-Lot
212 Alix St, New Orleans, LA 70114
For Sale
$399,900
Two distinct residences offer historic character, private outdoor spaces, and a garage.
Property Size1,741 SF
Price / SF$229.70
Days on Market97
Property Features for 212 Alix St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
covered porch
private courtyard
private outdoor hot tub
garage
Building Details
Year Built
Listing Agency:
Boyd Realtors, LLC
Listed By:
Kristen Young-Boyd · License LA #995685849
(504) 400-3945
Source:
Fiorellaavenue
Added: Aug 10
Changed: Nov 5
Last Checked: Nov 12 at 9:16AM
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 Boyd Realtors, LLC
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Investment Insights
Based on property information with market context.
This historic corner-lot duplex contains two separate 2-bedroom, 1-bathroom units. The front residence retains features associated with its former corner-store use, while the property adds a covered porch, private courtyard, private outdoor hot tub, and garage. Together, these improvements provide distinct living spaces with multiple outdoor areas.
Located at 212 Alix St in New Orleans, the property is positioned near the Algiers Point and French Quarter areas. Coffee, breakfast, tacos, and a neighborhood pub are within two blocks, while the ferry is three blocks away and also described as two blocks away for downtown commuting. Neighborhood festivals are three blocks from the property.
Located at 212 Alix St in New Orleans, the property is positioned near the Algiers Point and French Quarter areas. Coffee, breakfast, tacos, and a neighborhood pub are within two blocks, while the ferry is three blocks away and also described as two blocks away for downtown commuting. Neighborhood festivals are three blocks from the property.
Key Highlights
- Duplex with two separate 2‑bedroom, 1‑bathroom units
- Front unit retains character from its former corner‑store use
- Historic corner‑lot property at 212 Alix St, New Orleans, LA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,045
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,900
$440.9K
Cap Rate 7%
$314,929
$314.9K
Cap Rate 9%
$244,944
$244.9K
Market Conditions
NOI Build-Up for 1,741 SF
Gross rent
$34.5K $19.80/SF
− Vacancy
−$3.0K −$1.71/SF
EGI
$31.5K $18.09/SF
− OpEx
−$9.4K −$5.43/SF
NOI
$22.0K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,900
Cap Rate 7%
$314,929
Cap Rate 9%
$244,944
Alternative Uses
Best Use
Multifamily LT 5
$314.9K
$275.6K – $367.4K
NOI $22,045 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$289.5K
$253.3K – $337.7K
NOI $20,263 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$442.5K
$387.2K – $516.3K
NOI $30,975 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
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Business Placement
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer historic character, private outdoor spaces, and a garage.
Where is this duplex located?
The property is located at 212 Alix St New Orleans, LA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Duplex with two separate 2‑bedroom, 1‑bathroom units; Front unit retains character from its former corner‑store use; Historic corner‑lot property at 212 Alix St, New Orleans, LA
