Duplex with Front
For Sale
$500,000
Pending
227 S GAYOSO Street, New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
Property Size3,928 SF
Lot Size0.09 Acres
Days on Market126
Property Features for 227 S GAYOSO Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch
Exterior features
Balcony, Fence, Porch
Fencing
Fenced
Lot features
Regular
Subdivision
MID-CITY
Special listing conditions
Short Sale
Standard status
Pending
APN
105204306
Size
3,928 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
SQ 633 LOT 8 SO GAYOSO 35' X 110' M/A CHANGE 3/2/06
Legal Description
SQ 633 LOT 8 SO GAYOSO 35' X 110' M/A CHANGE 3/2/06
Utilities
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Metal
Architectural style
Colonial
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Dominique Dennoun
(504) 908-5037
Added: Mar 28
Changed: Jul 30
Last Checked: Jul 31 at 8:06AM
MLS# 2550126
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex features two separate residential units, each offering 3 bedrooms and 2 full bathrooms. Interior details include original hardwood floors, tall ceilings, and abundant natural light. The layout provides generous living space within each unit, supporting a comfortable day-to-day flow for residents. A pair of inviting front galleries adds outdoor space for relaxing or entertaining, reflecting the property’s classic duplex character.
Located at 227 S GAYOSO Street in New Orleans (70119), the property is positioned in Mid-City. The seller’s remarks note convenience to local restaurants and parks, with access to the broader amenities of New Orleans.
The property’s duplex configuration can suit a range of living and ownership strategies, including owner-occupancy alongside a second unit, multi-generational living, or a rental-focused approach. With two full 3-bedroom, 2-bath units already in place, it offers a practical setup for households seeking more space and flexibility within a single property. Buyers and brokers may also find it appealing for tenants or occupants looking for two distinct, self-contained unit options under one roof.
Located at 227 S GAYOSO Street in New Orleans (70119), the property is positioned in Mid-City. The seller’s remarks note convenience to local restaurants and parks, with access to the broader amenities of New Orleans.
The property’s duplex configuration can suit a range of living and ownership strategies, including owner-occupancy alongside a second unit, multi-generational living, or a rental-focused approach. With two full 3-bedroom, 2-bath units already in place, it offers a practical setup for households seeking more space and flexibility within a single property. Buyers and brokers may also find it appealing for tenants or occupants looking for two distinct, self-contained unit options under one roof.
Key Highlights
- Duplex in Mid‑City with two spacious units, each with 3 bedrooms and 2 full bathrooms
- Original hardwood floors, tall ceilings, and abundant natural light throughout
- Front galleries/porch features plus a balcony and fenced yard
Financial Insights For Apartment 5plus
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 | $91.4k | $23.28 |
| − Vacancy | −$8.3k | −$2.12 |
| EGI | $83.1k | $21.16 |
| − OpEx | −$37.4k | −$9.52 |
| NOI | $45.7k | $11.64 |
3,928 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$710.5K
$621.7K – $829.0K
NOI $49,738 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$653.1K
$571.5K – $762.0K
NOI $45,717 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$1.03M
$899.4K – $1.20M
NOI $71,948 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,967
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit duplex offers two 3-bedroom layouts with original hardwood floors and front galleries.
Where is this duplex located?
The property is located at 227 S GAYOSO Street New Orleans, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Duplex in Mid‑City with two spacious units, each with 3 bedrooms and 2 full bathrooms; Original hardwood floors, tall ceilings, and abundant natural light throughout; Front galleries/porch features plus a balcony and fenced yard
