Renovated New Orleans
2415 REPUBLIC Street New Orleans, LA 70119
2415 REPUBLIC Street, New Orleans, LA, 70119
$266,000
For Sale
$266,000
MULTI_FAMILY - New Orleans, LA
Property Size1,794 SF
Price / SF$148.27
Days on Market141
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
- 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
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
8601 Leake Ave., New Orleans, LA
Listed by
David Ernst · License #995683148
(504) 862-0100
Added: Feb 27 Checked: Jul 18 at 1:06 am
MLS# 2544502
Listing URL
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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
