Renovated Duplex with Front
New
For Sale
$399,000
315 S GAYOSO Street, New Orleans, LA 70119
Multi-Family, Shot Gun, New Orleans, LA
Property Size2,134 SF
Price / SF$186.97
Days on Market4
Property Features for 315 S GAYOSO Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Porch Screened In
Lot features
Irregular, Regular
Subdivision
Mid City
Standard status
Active
APN
105204423
Size
2,134 SF
Taxes and HOA fees
Tax Description
SQ 634 LOT 24 GAYOSO 30' 1" X 141' 8" 315-17 S GAYOSO
Legal Description
SQ 634 LOT 24 GAYOSO 30' 1" X 141' 8" 315-17 S GAYOSO
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Architectural style
Other
Listing Agency:
Witry Collective, L.L.C.
(504) 291-2022
Listed By:
Katie Witry · License #995710150
(504) 919-8585
Added: Oct 13
Last Checked: Oct 16 at 8:06AM
MLS# 2580810
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.
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Investment Insights
Based on property information with market context.
This 2,134-square-foot duplex was built in 1900 and renovated in 2012. Each side has three bedrooms and one bathroom, with wood and vinyl flooring, high ceilings, original mantels, and turned wood columns. A front porch, separate side yards, ample storage, and kitchen cabinetry add to the property’s features. Interior laundry, gas service, central heating and air conditioning, and updated AC and historic wood windows are also present. The lot measures 142 feet deep.
The property is on S Gayoso Street in New Orleans’ Mid-City area, between Banks and Canal Streets. Bus and streetcar service is available nearby, as are Whole Foods and the Lafitte Greenway.
The property is on S Gayoso Street in New Orleans’ Mid-City area, between Banks and Canal Streets. Bus and streetcar service is available nearby, as are Whole Foods and the Lafitte Greenway.
Key Highlights
- Duplex totaling 2,134 square feet, built in 1900 and renovated in 2012
- Two residences, each with 3 bedrooms and 1 bath
- 142‑foot‑deep lot with separate side yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,022
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,440
$540.4K
Cap Rate 7%
$386,029
$386.0K
Cap Rate 9%
$300,244
$300.2K
Market Conditions
NOI Build-Up for 2,134 SF
Gross rent
$42.3K $19.80/SF
− Vacancy
−$3.7K −$1.71/SF
EGI
$38.6K $18.09/SF
− OpEx
−$11.6K −$5.43/SF
NOI
$27.0K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,440
Cap Rate 7%
$386,029
Cap Rate 9%
$300,244
Alternative Uses
Best Use
Multifamily LT 5
$386.0K
$337.8K – $450.4K
NOI $27,022 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$354.8K
$310.5K – $414.0K
NOI $24,837 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$558.4K
$488.6K – $651.5K
NOI $39,088 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,348
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, one bath, and individual side yards.
Where is this duplex located?
The property is located at 315 S GAYOSO 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: Duplex totaling 2,134 square feet, built in 1900 and renovated in 2012; Two residences, each with 3 bedrooms and 1 bath; 142‑foot‑deep lot with separate side yards
