Historic Duplex with Rear
For Sale
$519,000
2414 16 ROYAL Street, New Orleans, LA 70117
Two shotgun-plan residences feature private laundry and access to outdoor space behind the building.
Property Size1,818 SF
Price / SF$285.48
Days on Market29
Property Features for 2414 16 ROYAL Street
General Information
Standard status
Active
Size
1,818 SF
Property subtype
Duplex
Site & Location
Neighborhood
Marigny
Additional Details
Multifamily Units
2
Amenities
private laundry
rear deck
courtyard
Building Details
Building Size
1,818 SF
Year Built
1904
Buildings
1
Listing Agency:
Compass Historic (LATT09)
Listed By:
Jennifer Saltaformaggio · License #SALE.77772-ACT
(504) 388-9383
Source:
Joliburrell
Added: Oct 2
Changed: Oct 26
Last Checked: Oct 26 at 3:16PM
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 Compass Historic (LATT09)
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Investment Insights
Based on property information with market context.
Built in 1904, this 1,818-square-foot duplex contains two residences with traditional shotgun configurations. Interior details include hardwood flooring, high ceilings, tall windows and decorative fireplaces. Each side has a kitchen with room for dining, a generously sized bathroom and private laundry. A rear deck and courtyard provide outdoor space connected to the building.
The property is located on Royal Street in New Orleans’ Marigny neighborhood. Its two-sided layout and separate laundry facilities are practical features of the existing configuration.
The property is located on Royal Street in New Orleans’ Marigny neighborhood. Its two-sided layout and separate laundry facilities are practical features of the existing configuration.
Key Highlights
- Duplex with two shotgun‑plan residences
- 1,818 square feet; built in 1904
- Private laundry and kitchen with dining space in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,020
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,400
$460.4K
Cap Rate 7%
$328,857
$328.9K
Cap Rate 9%
$255,778
$255.8K
Market Conditions
NOI Build-Up for 1,818 SF
Gross rent
$36.0K $19.80/SF
− Vacancy
−$3.1K −$1.71/SF
EGI
$32.9K $18.09/SF
− OpEx
−$9.9K −$5.43/SF
NOI
$23.0K $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%
$460,400
Cap Rate 7%
$328,857
Cap Rate 9%
$255,778
Alternative Uses
Best Use
Multifamily LT 5
$328.9K
$287.8K – $383.7K
NOI $23,020 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$302.3K
$264.5K – $352.7K
NOI $21,159 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$462.1K
$404.3K – $539.1K
NOI $32,345 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,874
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two shotgun-plan residences feature private laundry and access to outdoor space behind the building.
Where is this duplex located?
The property is located at 2414 16 ROYAL Street New Orleans, LA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Duplex with two shotgun‑plan residences; 1,818 square feet; built in 1904; Private laundry and kitchen with dining space in each residence
