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    Historic Double Duplex Title is generated by Realmo AI

    2544 ST PHILIP, New Orleans, LA 70119

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    Claim this Listing
    For Sale
    $249,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    1,633 SF
    Price / SF:
    $152/SF
    Added:
    May 8, 2026
    Days on Market:
    61
    Last Refresh:
    Jul 7 at 1:06 pm

    Property Features for 2544 ST PHILIP

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    2544
    Size
    1,633 SF

    Taxes and HOA fees

    Tax Description
    SQ 322 LOT 98

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1912
    Floors in Building
    1
    Number of units
    2
    Roof type
    Asbestos Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Aaron Dare

    Listing agent Aaron Dare License #995681183

    Listing office Crane Realtors 138 N Cortez Street, New Orleans, LA

    Listing date May 8, 2026

    MLS# 2557151 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.

    HighLights

    • 1912‑built classic New Orleans double with historic architectural details throughout.
    • Both units feature wood floors, tall ceilings, original fireplaces, transom windows, and abundant natural light.
    • Double layout offers flexible living for an owner‑occupant or rental setup.
    • Central heating plus central air, with additional window unit(s) for cooling.
    • Roof: asbestos shingle.
    • Water source: public.

    Overview

    This classic New Orleans double duplex offers two residential units with a configuration designed for flexible occupancy. Both units feature wood floors, tall ceilings, original fireplaces, transom windows, and abundant natural light. The property also has spacious living areas and generously sized bedrooms, reflecting the architectural character typical of the area.

    The building is located in a walkable New Orleans setting, with nearby access to neighborhood restaurants, bars, music venues, and everyday conveniences. The location supports tenants and occupants who value close-in neighborhood amenities and everyday walkability.

    As a for-sale residential income property, the duplex layout can work well for an owner-occupant looking to live in one unit while maintaining an additional unit for rental use, or for an investor seeking a two-unit asset. The combination of original interior details and a “renovation opportunity” context may appeal to buyers planning to refresh finishes and maximize the existing layout.

    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 $32.3k $19.80
    − Vacancy −$2.8k −$1.71
    EGI $29.5k $18.09
    − OpEx −$8.9k −$5.43
    NOI $20.7k $12.66
    1,633 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $295.4K
    $258.5K – $344.6K (±1% cap)
    NOI $20,678 @ 7.0% cap · market cap 8.30%
    Second Best
    Apartment 5plus
    $271.5K
    $237.6K – $316.8K (±1% cap)
    NOI $19,006 @ 7.0% cap · market cap 7.63%
    Theoretical Best
    Office A
    $427.3K
    $373.9K – $498.5K (±1% cap)
    NOI $29,911 @ 7.0% cap · market cap 12.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    (Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith Nursing Home (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service Fish Market Restaurant (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.079326
    Latitude
    29.971734

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with original fireplaces, tall ceilings, transom windows, and wood floors, suited for owner or investment use.
    Where is this duplex located?
    The property is located at 2544 ST PHILIP New Orleans, LA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: 1912‑built classic New Orleans double with historic architectural details throughout.; Both units feature wood floors, tall ceilings, original fireplaces, transom windows, and abundant natural light.; Double layout offers flexible living for an owner‑occupant or rental setup.
    More about this property
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