Rented Duplex Investment
2815-17 Mistletoe Street New Orleans, LA 70118
For Sale
$399,000
Spacious duplex with 9 bedrooms and 4 bathrooms, with both units currently rented.
Property Size2,600 SF
Price / SF$153.46
Days on Market633
Property Features for 2815-17 Mistletoe Street
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1982
Listing Agency:
Levy Realty Group LLC
(504) 319-2641
Listed By:
Cherrian Levy · License #995708010
(504) 319-2641
Source:
Compass
Added: Oct 30, 2024
Changed: Jul 23
Last Checked: Jul 23 at 2:02PM
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 Levy Realty Group LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex offers a total of 9 bedrooms and 4 bathrooms. The property is set up as two separate units, and both units are currently rented at $1,600 each.
Located at 2815-17 Mistletoe Street in New Orleans, Louisiana, the duplex is positioned for investors seeking an income-producing residential property with existing in-place tenants.
With its duplex layout and strong bedroom and bathroom count, the property supports residential rental use for two households within the same building structure.
Located at 2815-17 Mistletoe Street in New Orleans, Louisiana, the duplex is positioned for investors seeking an income-producing residential property with existing in-place tenants.
With its duplex layout and strong bedroom and bathroom count, the property supports residential rental use for two households within the same building structure.
Key Highlights
- Spacious 2‑story duplex built in 1982 with 9 bedrooms and 4 full bathrooms
- Both units are currently rented for $1,600 each
- Central air conditioning and central heating
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 | $51.5k | $19.80 |
| − Vacancy | −$4.4k | −$1.71 |
| EGI | $47.0k | $18.09 |
| − OpEx | −$14.1k | −$5.43 |
| NOI | $32.9k | $12.66 |
2,600 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$470.3K
$411.5K – $548.7K
NOI $32,922 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$432.3K
$378.3K – $504.4K
NOI $30,261 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$660.8K
$578.2K – $771.0K
NOI $46,258 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Spacious duplex with 9 bedrooms and 4 bathrooms, with both units currently rented.
Where is this duplex located?
The property is located at 2815-17 Mistletoe Street New Orleans, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Spacious 2‑story duplex built in 1982 with 9 bedrooms and 4 full bathrooms; Both units are currently rented for $1,600 each; Central air conditioning and central heating
