Renovated New Orleans
For Sale
$266,000
2415 REPUBLIC Street, New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
Property Size1,794 SF
Price / SF$148.27
Days on Market154
Property Features for 2415 REPUBLIC Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Security features
Security
Exterior features
Fence, Security Cameras
Fencing
Fenced
Lot features
Regular
Subdivision
Seventh Ward
Standard status
Active
APN
2415-REPUBLICST
Size
1,794 SF
Taxes and HOA fees
Tax Description
1. SQ 1337 LOT REPUBLIC 30 OVER 2. 56X102 OVER 158 3. SGLE 7/RM S/R
Legal Description
1. SQ 1337 LOT REPUBLIC 30 OVER 2. 56X102 OVER 158 3. SGLE 7/RM S/R
Utilities
Heating system
Other (Heating), Ductless (Heating)
Cooling system
Ductless, Wall Unit(s)
Water source
Public
Building Details
Year built
1935
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
David Ernst · License #995683148
(504) 862-0100
Added: Feb 27
Changed: Jul 11
Last Checked: Jul 31 at 2:06AM
MLS# 2544502
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 renovated double is located just off St. Bernard Avenue. It offers two separate living spaces with functional layouts and great natural light. Classic New Orleans details blend with practical updates. This creates strong rental appeal and long-term value potential. It provides convenient access to downtown, major corridors, and local neighborhood amenities. The property size is 1794 square feet. It is located in New Orleans, Louisiana, with a postal code of 70119. It is a solid opportunity for both homeowners and investors alike.
Key Highlights
- Renovated double home with two separate living spaces and functional layouts
- Includes security cameras and fenced exterior for added security
- Year built 1935 with shingle roof
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 | $35.5k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.5k | $18.09 |
| − OpEx | −$9.7k | −$5.43 |
| NOI | $22.7k | $12.66 |
1,794 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.5K
$284.0K – $378.6K
NOI $22,717 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$298.3K
$261.0K – $348.0K
NOI $20,880 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$469.4K
$410.8K – $547.7K
NOI $32,860 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,056
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 - Renovated double with strong rental appeal near St. Bernard.
Where is this duplex located?
The property is located at 2415 REPUBLIC Street New Orleans, LA.
What is the asking price?
The asking price for this property is $266,000.
What are key features of this property?
This property features: Renovated double home with two separate living spaces and functional layouts; Includes security cameras and fenced exterior for added security; Year built 1935 with shingle roof
