Saint Roch Raised
3017-19 Music Street New Orleans, LA 70122
3017-19 Music Street, New Orleans, LA, 70122
$199,000
For Sale
$199,000
Classic New Orleans raised double in prime location.
Property Size1,853 SF
Price / SF$107.39
Days on Market142
Property Features for 3017-19 Music Street
General Information
- Standard status
- Active
- Size
- 1,853 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1995
Listing Agency
Keller Williams Realty New Orleans
(504) 231-2004
Listed by
Chris Smith · License #000009641
(504) 231-2004
Source
Compass
Added: Feb 25 Checked: Jul 17 at 4:27 am
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 Keller Williams Realty New Orleans
Investment Insights
Based on property information with market context.
This classic raised double is located in the Saint Roch neighborhood. The property features two separate units, each containing two bedrooms and one full bath. The units are move-in ready and filled with natural light. Tiled flooring is installed throughout for easy maintenance, and central heat and air provide year-round comfort. The property is set on an oversized lot measuring 53 feet wide by 154 feet deep. The location provides convenient access to Downtown, the French Quarter, the Marigny, and major New Orleans corridors. The property offers potential for both homeowners and investors. It is suitable for an owner-occupant looking to offset monthly ownership costs or for long-term investment. The property's size is 1853 square feet.
Key Highlights
- Income‑producing potential: Two separate 2 bed/1 bath units, perfect for owner‑occupancy and rental income.
- Oversized lot: A rare 53' x 154' lot offers exceptional land value and outdoor potential close to the city center.
- Prime location: Enjoy convenient access to Downtown, French Quarter, Marigny, and major New Orleans corridors.
Local Financial Insights For Apartment 5plus
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 | $33.4k | $18.00 |
| − Vacancy | −$3.0k | −$1.64 |
| EGI | $30.3k | $16.36 |
| − OpEx | −$13.6k | −$7.36 |
| NOI | $16.7k | $9.00 |
1,853 SF · lease $18.00/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.2K
$240.0K – $320.0K
NOI $19,197 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$238.2K
$208.4K – $277.9K
NOI $16,675 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$484.9K
$424.3K – $565.7K
NOI $33,941 @ 7.0% cap · market cap 17.06%
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 - Classic New Orleans raised double in prime location.
Where is this duplex located?
The property is located at 3017-19 Music Street New Orleans, LA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Income‑producing potential: Two separate 2 bed/1 bath units, perfect for owner‑occupancy and rental income.; Oversized lot: A rare 53' x 154' lot offers exceptional land value and outdoor potential close to the city center.; Prime location: Enjoy convenient access to Downtown, French Quarter, Marigny, and major New Orleans corridors.
