Restoration-Ready Duplex with
2917-19 Bell Street New Orleans, LA 70119
2917-19 Bell Street, New Orleans, LA, 70119
$425,000
For Sale
$425,000
Duplex offered as-is featuring 11-foot ceilings and off-street parking for two or more vehicles.
Property Size2,241 SF
Lot Size0.15 Acres
Price / SF$189.65
Days on Market12
Property Features for 2917-19 Bell Street
General Information
- Standard status
- Active
- Size
- 2,241 SF
- Lot size
- 0.15 Acres
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1926
Listing agency
REMAX N.O. Properties
(504) 250-9448
Listed by
Whitney Gagnon · License #995681231
(504) 250-9448
Source
Compass
Added: Jul 11 Updated: Jul 21 at 5:19AM Checked: Jul 21 at 5:19AM
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 REMAX N.O. Properties
Investment Insights
Based on property information with market context.
This restoration-ready duplex at 2917-2919 Bell Street offers classic New Orleans character and a flexible renovation layout. The property features impressive 11-foot ceilings and is set on an oversized 40' x 160' lot, providing room for a future reconfiguration. Off-street parking is available for two or more vehicles. The seller is offering the property as-is with no repairs to be made.
The duplex is located on a block lined with well-maintained historic homes. It is just minutes from City Park, the New Orleans Jazz & Heritage Festival grounds, the Canal Streetcar, and neighborhood dining and shopping.
Ideal for buyers seeking a hands-on renovation project, this property can be approached as a duplex income asset or reimagined as a single-family home. Seller makes no repairs.
The duplex is located on a block lined with well-maintained historic homes. It is just minutes from City Park, the New Orleans Jazz & Heritage Festival grounds, the Canal Streetcar, and neighborhood dining and shopping.
Ideal for buyers seeking a hands-on renovation project, this property can be approached as a duplex income asset or reimagined as a single-family home. Seller makes no repairs.
Key Highlights
- As‑is New Orleans duplex at 2917‑2919 Bell Street, built in 1926
- 4 bedrooms and 2 full bathrooms, with impressive 11‑foot ceilings
- 1‑story wood siding structure on a pillar/post/pier foundation
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 | $44.4k | $19.80 |
| − Vacancy | −$3.8k | −$1.71 |
| EGI | $40.5k | $18.09 |
| − OpEx | −$12.2k | −$5.43 |
| NOI | $28.4k | $12.66 |
2,241 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$405.4K
$354.7K – $473.0K
NOI $28,377 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$372.6K
$326.0K – $434.7K
NOI $26,083 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$586.4K
$513.1K – $684.1K
NOI $41,048 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offered as-is featuring 11-foot ceilings and off-street parking for two or more vehicles.
Where is this duplex located?
The property is located at 2917-19 Bell Street New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: As‑is New Orleans duplex at 2917‑2919 Bell Street, built in 1926; 4 bedrooms and 2 full bathrooms, with impressive 11‑foot ceilings; 1‑story wood siding structure on a pillar/post/pier foundation
