Two-Unit Duplex with Front
3817-19 Octavia Street New Orleans, LA 70125
3817-19 Octavia Street, New Orleans, LA, 70125
$320,000
For Sale
$320,000
Two-bed, one-bath units with updated plumbing and restored interior flooring, suited for owner-occupant or rental use.
Property Size2,400 SF
Lot Size0.09 Acres
Price / SF$133.33
Days on Market54
Property Features for 3817-19 Octavia Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.09 Acres
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1930
Listing agency
Realty One Group Immobilia
(504) 994-4422
Listed by
Celia Cruz · License #995697759
(504) 994-4422
Source
Compass
Added: May 30 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 8:38AM
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 Realty One Group Immobilia
Investment Insights
Based on property information with market context.
This classic two-unit duplex is configured with a downstairs and an upstairs residence, with each unit offering two bedrooms and a bathroom. The property includes front porches and an additional under-house plumbing system update. The building was shored in 2006. Under-house plumbing was completely replaced in 2022, and the indoor plumbing was replaced in 2024. The upstairs unit features original hardwood floors throughout, adding character while supporting easy day-to-day living.
Located at 3817-19 Octavia Street in the Broadmoor area of New Orleans, the duplex is positioned for convenient access to Uptown and Downtown. The surrounding area provides proximity to universities, hospitals, shopping, dining, entertainment, and major transportation routes.
With two separate living spaces under one roof, this duplex can fit multiple ownership approaches, including living in one unit while operating the other. The recent plumbing improvements and the upstairs flooring upgrades support a practical, move-forward foundation for an owner-occupant or residential investor evaluating a straightforward two-unit configuration in New Orleans.
Located at 3817-19 Octavia Street in the Broadmoor area of New Orleans, the duplex is positioned for convenient access to Uptown and Downtown. The surrounding area provides proximity to universities, hospitals, shopping, dining, entertainment, and major transportation routes.
With two separate living spaces under one roof, this duplex can fit multiple ownership approaches, including living in one unit while operating the other. The recent plumbing improvements and the upstairs flooring upgrades support a practical, move-forward foundation for an owner-occupant or residential investor evaluating a straightforward two-unit configuration in New Orleans.
Key Highlights
- Two‑unit duplex in the Broadmoor area with approx. 2,452 sq ft total living space across a downstairs and upstairs unit (each approx. 1,200 sq ft)
- Each unit has 2 bedrooms and 1 full bathroom, offering multiple owner‑occupant or rental layout options
- Under‑house plumbing system replaced in 2022; indoor plumbing replaced in 2024
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 | $55.9k | $23.28 |
| − Vacancy | −$5.1k | −$2.12 |
| EGI | $50.8k | $21.16 |
| − OpEx | −$22.9k | −$9.52 |
| NOI | $27.9k | $11.64 |
2,400 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.1K
$379.9K – $506.5K
NOI $30,390 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$399.0K
$349.2K – $465.6K
NOI $27,933 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$610.0K
$533.8K – $711.7K
NOI $42,700 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-bed, one-bath units with updated plumbing and restored interior flooring, suited for owner-occupant or rental use.
Where is this duplex located?
The property is located at 3817-19 Octavia Street New Orleans, LA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑unit duplex in the Broadmoor area with approx. 2,452 sq ft total living space across a downstairs and upstairs unit (each approx. 1,200 sq ft); Each unit has 2 bedrooms and 1 full bathroom, offering multiple owner‑occupant or rental layout options; Under‑house plumbing system replaced in 2022; indoor plumbing replaced in 2024
