Renovated Corner-Lot
432-43 Delery Street New Orleans, LA 70117
432-43 Delery Street, New Orleans, LA, 70117
$349,000
For Sale
$349,000
Renovated duplex on a corner lot with 3 bedrooms and 2 baths in each unit and updated roof and HVAC.
Property Size2,756 SF
Price / SF$126.63
Days on Market126
Property Features for 432-43 Delery Street
General Information
- Standard status
- Active
- Size
- 2,756 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1923
Listing agency
Century 21 Investment Realty
(985) 502-5952
Listed by
Gwen Michon · License #000072144
(985) 502-5952
Source
Compass
Added: Mar 20 Updated: Jul 22 at 8:19PM Checked: Jul 22 at 8:19PM
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 Century 21 Investment Realty
Investment Insights
Based on property information with market context.
This renovated duplex is situated on a corner lot and includes two residential units, each offering 3 bedrooms and 2 baths. Recent upgrades reported include the roof and HVAC systems, along with updated kitchens and baths and an open floor plan configuration. The exterior features hardy plank siding and a large fenced yard with a concrete patio.
The property also includes a large side and rear yard, providing outdoor space for day-to-day use. It is described as a historic building.
As currently reported, one unit is generating $1,800 in rental income.
The property also includes a large side and rear yard, providing outdoor space for day-to-day use. It is described as a historic building.
As currently reported, one unit is generating $1,800 in rental income.
Key Highlights
- Renovated duplex on a corner lot with a 2‑story concrete structure built in 1923
- Each unit features 3 bedrooms and 2 full bathrooms (6 bedrooms total, 4 full baths total)
- Renovation includes updated roof and HVAC systems (renovated less than 5 years ago)
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 | $64.2k | $23.28 |
| − Vacancy | −$5.8k | −$2.12 |
| EGI | $58.3k | $21.16 |
| − OpEx | −$26.2k | −$9.52 |
| NOI | $32.1k | $11.64 |
2,756 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$498.5K
$436.2K – $581.6K
NOI $34,898 @ 7.0% cap · market cap 10.00%
Second Best
Apartment 5plus
$458.2K
$401.0K – $534.6K
NOI $32,077 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$700.5K
$612.9K – $817.2K
NOI $49,034 @ 7.0% cap · market cap 14.05%
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 duplex on a corner lot with 3 bedrooms and 2 baths in each unit and updated roof and HVAC.
Where is this duplex located?
The property is located at 432-43 Delery Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Renovated duplex on a corner lot with a 2‑story concrete structure built in 1923; Each unit features 3 bedrooms and 2 full bathrooms (6 bedrooms total, 4 full baths total); Renovation includes updated roof and HVAC systems (renovated less than 5 years ago)
