Renovated Duplex with Private
3917-19 Toulouse Street New Orleans, LA 70119
3917-19 Toulouse Street, New Orleans, LA, 70119
$299,900
For Sale
$299,900
Renovated mid-city double features two identical shotgun units, each with fenced backyard access and in-unit washer/dryer.
Property Size1,550 SF
Price / SF$193.48
Days on Market18
Property Features for 3917-19 Toulouse Street
General Information
- Standard status
- Active
- Size
- 1,550 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing agency
McCarthy Group REALTORS
(504) 669-0076
Listed by
Stephanie Argrave · License #000058658
(504) 669-0076
Source
Compass
Added: Jul 5 Updated: Jul 21 at 6:34PM Checked: Jul 22 at 9:07AM
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 McCarthy Group REALTORS
Investment Insights
Based on property information with market context.
Renovated in 2010, this classic New Orleans double shotgun offers two units with an identical layout. The property features soaring 12-foot ceilings, original hardwood floors, and transom windows that bring in natural light. Each unit includes a private rear bedroom with direct access to its own separately fenced backyard, along with a full-size washer and dryer, private storage shed, and separate electric and gas meters for each unit. One unit also includes a recently renovated bathroom with marble floors and a marble vanity.
Located in a highly walkable mid-city area, the property provides convenient access to the streetcar, the Lafitte Greenway, Bayou St. John, and City Park, with neighborhood coffee shops and local restaurants within walking distance.
The configuration supports individual unit privacy through separate outdoor space and utility metering, while preserving the historic character of the structure through its original interior features and 2010 renovation updates.
Located in a highly walkable mid-city area, the property provides convenient access to the streetcar, the Lafitte Greenway, Bayou St. John, and City Park, with neighborhood coffee shops and local restaurants within walking distance.
The configuration supports individual unit privacy through separate outdoor space and utility metering, while preserving the historic character of the structure through its original interior features and 2010 renovation updates.
Key Highlights
- Renovated 1920 vintage Mid‑City double with 2 full bathrooms and 4 total bedrooms (1‑story).
- Each unit is an identical shotgun layout with 12‑foot ceilings, original hardwood floors, and transom windows.
- Separate fenced backyard access for each unit, with a private rear bedroom providing direct access to its yard.
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 | $30.7k | $19.80 |
| − Vacancy | −$2.7k | −$1.71 |
| EGI | $28.0k | $18.09 |
| − OpEx | −$8.4k | −$5.43 |
| NOI | $19.6k | $12.66 |
1,550 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.4K
$245.3K – $327.1K
NOI $19,627 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$257.7K
$225.5K – $300.7K
NOI $18,040 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$405.6K
$354.9K – $473.2K
NOI $28,391 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated mid-city double features two identical shotgun units, each with fenced backyard access and in-unit washer/dryer.
Where is this duplex located?
The property is located at 3917-19 Toulouse Street New Orleans, LA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Renovated 1920 vintage Mid‑City double with 2 full bathrooms and 4 total bedrooms (1‑story).; Each unit is an identical shotgun layout with 12‑foot ceilings, original hardwood floors, and transom windows.; Separate fenced backyard access for each unit, with a private rear bedroom providing direct access to its yard.
