Algiers Point Edwardian
427-29 Seguin Street New Orleans, LA 70114
427-29 Seguin Street, New Orleans, LA, 70114
$349,900
For Sale
$349,900
Edwardian duplex in Algiers Point with rental income potential.
Property Size2,024 SF
Price / SF$172.88
Days on Market96
Property Features for 427-29 Seguin Street
General Information
- Standard status
- Active
- Size
- 2,024 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1900
Listing Agency
Historic 504 Properties
(504) 442-5277
Listed by
Michael J.D. Verderosa · License #995719276
(504) 442-5277
Source
Compass
Added: Apr 13 Checked: Jul 17 at 5:37 am
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 Historic 504 Properties
Investment Insights
Based on property information with market context.
Located in the heart of Algiers Point, this Edwardian duplex retains many original architectural details, including stained glass, fireplace mantels, and hardwood floors. The property offers proximity to Congregation Coffee, The Little House Vineyard, Barracuda Taco, Nighthawk Napoletano, the Dry Dock Cafe, and the Canal Street Ferry to the French Quarter. It is also located blocks from over 11 miles of paved levee bike and jogging path. A new roof was installed in 2023, and the bath is scheduled for renovation in 2025. The kitchen was renovated with a new oven and stove in 2024. One unit will be vacant by June 30th, making it ready for a new owner to move in. The other long-term tenant wishes to remain. The property size is 2024 square feet.
Key Highlights
- Prime location in the heart of Algiers Point, steps from popular restaurants, cafes, and the Canal Street Ferry to the French Quarter.
- Duplex property offers rental income potential to offset mortgage costs.
- One unit will be vacant by June 30th, ready for immediate occupancy by the new owner.
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 | $40.1k | $19.80 |
| − Vacancy | −$3.5k | −$1.71 |
| EGI | $36.6k | $18.09 |
| − OpEx | −$11.0k | −$5.43 |
| NOI | $25.6k | $12.66 |
2,024 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$366.1K
$320.4K – $427.2K
NOI $25,629 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$336.5K
$294.5K – $392.6K
NOI $23,557 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$514.4K
$450.1K – $600.2K
NOI $36,010 @ 7.0% cap · market cap 10.29%
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 - Edwardian duplex in Algiers Point with rental income potential.
Where is this duplex located?
The property is located at 427-29 Seguin Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Prime location in the heart of Algiers Point, steps from popular restaurants, cafes, and the Canal Street Ferry to the French Quarter.; Duplex property offers rental income potential to offset mortgage costs.; One unit will be vacant by June 30th, ready for immediate occupancy by the new owner.
