Shotgun Duplex with
For Sale
$399,000
315 S GAYOSO Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size2,134 SF
Price / SF$186.97
Days on Market13
Property Features for 315 S GAYOSO Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 1
Patio and Porch features
Porch
Directions
Head towards City Park on Carrolton, right on Banks, left on S. Gayoso property on the left.
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
front porch
separated side yards
high ceilings
original mantels
turned wood columns
interior washer and dryer
Building Details
Year built
1900
Number of units
2
Flooring type
Wood, Laminate
Building materials
Wood Siding
Architectural style
Shotgun
Buildings
1
Listing Agency:
Witry Collective, L.L.C.
(504) 291-2022
Listed By:
Katie A Witry · License #995710150
(504) 919-8585
Added: Oct 13
Changed: Oct 24
Last Checked: Oct 25 at 4:06PM
MLS# 2580810
Copyright © 2026 ROAM MLS. 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 shotgun duplex contains two residences, each arranged with three bedrooms and one bathroom. The property was renovated in 2012 and retains high ceilings, original mantels, and turned wood columns. Wood and vinyl flooring, a porch, interior laundry, kitchen cabinetry, and storage are among the additional features. Recent work includes a new AC system and improvements to the historic wood windows. Natural gas service is available.
The property sits between Banks and Canal Streets, with bus and streetcar service nearby. Whole Foods and the Lafitte Greenway are also close. The lot extends 142 feet and includes separate side yards.
The property sits between Banks and Canal Streets, with bus and streetcar service nearby. Whole Foods and the Lafitte Greenway are also close. The lot extends 142 feet and includes separate side yards.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- 2,134 square feet; renovated in 2012
- 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
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
Check the figures for this property
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 feature three bedrooms, a bath, and separate side-yard space.
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: Two residences, each with 3 bedrooms and 1 bathroom; 2,134 square feet; renovated in 2012; 142‑foot‑deep lot with separate side yards
