Income-Generating Duplex with
3817 OCTAVIA Street New Orleans, LA 70125
3817 OCTAVIA Street, New Orleans, LA, 70125
$320,000
For Sale
$320,000
MULTI_FAMILY - New Orleans, LA
Property Size2,452 SF
Lot Size0.09 Acres
Price / SF$130.51
Days on Market47
Property Features for 3817 OCTAVIA Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Exterior features
- Balcony
- Standard status
- Active
- APN
- 614350408
- Size
- 2,452 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- SQ 116 LOT A OCTAVIA 35X110 3817-19 OCTAVIA ST DUP-STU 97 NR MA CHNGD 1/4/99 FILE #80183 1/00 SUCN
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Flat
- Architectural style
- Spanish
Listing Agency
Realty One Group Immobilia
(504) 405-3211
3445 N Causeway Blvd PH 1005, Mandeville, LA
Listed by
Celia Cruz · License #995697759
(504) 228-6399
Added: Jun 1 Checked: Jul 17 at 6:06 am
MLS# 2560350
Listing URL
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.
Investment Insights
Based on property information with market context.
This classic New Orleans duplex features a downstairs and an upstairs unit, each with two bedrooms and a bathroom. The property includes a front porch overlooking Octavia St, and original hardwood floors throughout the entire upstairs unit. The home was shored in 2006. Under-house plumbing was completely replaced in 2022, and indoor plumbing was replaced in 2024, supporting updated building infrastructure.
The duplex is situated on a 3,850-square-foot lot in New Orleans’ Broadmoor area. The listing notes convenient access to universities, hospitals, shopping, dining, entertainment, and major transportation routes.
With two self-contained residential units and dedicated bedrooms and baths in each, the layout is designed to support straightforward rental configuration within one property.
The duplex is situated on a 3,850-square-foot lot in New Orleans’ Broadmoor area. The listing notes convenient access to universities, hospitals, shopping, dining, entertainment, and major transportation routes.
With two self-contained residential units and dedicated bedrooms and baths in each, the layout is designed to support straightforward rental configuration within one property.
Key Highlights
- Duplex in New Orleans Broadmoor area on a 3,850 sq ft lot with downstairs and upstairs units
- Approx. 2,452 sq ft total living space; each unit has approx. 1,200 sq ft with 2 bedrooms and 1 bathroom
- Historic Spanish‑style property built in 1930 with front porch overlooking Octavia St and an oak tree
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 | $57.1k | $23.28 |
| − Vacancy | −$5.2k | −$2.12 |
| EGI | $51.9k | $21.16 |
| − OpEx | −$23.3k | −$9.52 |
| NOI | $28.5k | $11.64 |
2,452 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$443.5K
$388.1K – $517.5K
NOI $31,048 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$407.7K
$356.7K – $475.6K
NOI $28,538 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$623.2K
$545.3K – $727.1K
NOI $43,625 @ 7.0% cap · market cap 13.63%
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 - Duplex for sale with downstairs and upstairs units, front porch, and replaced plumbing systems in 2022 and 2024.
Where is this duplex located?
The property is located at 3817 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: Duplex in New Orleans Broadmoor area on a 3,850 sq ft lot with downstairs and upstairs units; Approx. 2,452 sq ft total living space; each unit has approx. 1,200 sq ft with 2 bedrooms and 1 bathroom; Historic Spanish‑style property built in 1930 with front porch overlooking Octavia St and an oak tree
