Historic Double in Convenient
3019-21 South Saratoga Street New Orleans, LA 70115
3019-21 South Saratoga Street, New Orleans, LA, 70115
$165,000
For Sale
$165,000
Historic double with convenient access to many local attractions.
Property Size1,049 SF
Price / SF$157.29
Days on Market96
Property Features for 3019-21 South Saratoga Street
General Information
- Standard status
- Active
- Size
- 1,049 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1934
Listing Agency
NOLA Living Realty
(504) 239-9300
Listed by
Tony Ruiz · License #995694137
(504) 239-9300
Source
Compass
Added: Apr 13 Checked: Jul 17 at 4:10 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 NOLA Living Realty
Investment Insights
Based on property information with market context.
This historic double property offers convenient access to St. Charles Avenue, I-10, and the Uptown parade route. The property features high ceilings throughout. Encompassing 1,049 square feet, this property presents an investment opportunity. It is part of a portfolio of several multi-family properties in the surrounding area that can be sold together.
Key Highlights
- Convenient location with quick access to St. Charles Avenue, I‑10, and the Uptown parade route.
- Part of a portfolio of multi‑family properties, offering a larger investment opportunity.
- Historic double, appealing to buyers interested in older properties.
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 | $14.1k | $13.44 |
| − Vacancy | −$1.2k | −$1.16 |
| EGI | $12.9k | $12.28 |
| − OpEx | −$3.9k | −$3.68 |
| NOI | $9.0k | $8.60 |
1,049 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$128.8K
$112.7K – $150.3K
NOI $9,016 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$114.2K
$99.9K – $133.2K
NOI $7,993 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$276.8K
$242.2K – $322.9K
NOI $19,373 @ 7.0% cap · market cap 11.74%
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 - Historic double with convenient access to many local attractions.
Where is this duplex located?
The property is located at 3019-21 South Saratoga Street New Orleans, LA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Convenient location with quick access to St. Charles Avenue, I‑10, and the Uptown parade route.; Part of a portfolio of multi‑family properties, offering a larger investment opportunity.; Historic double, appealing to buyers interested in older properties.
