2544 ST PHILIP, New Orleans, LA 70119
- 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
Listing agent Aaron Dare License #995681183 (504) 899-8666
Listing office Crane Realtors 138 N Cortez Street, New Orleans, LA (504) 210-2014
Listing date May 8, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.079326
- Latitude
- 29.971734