512 SHORT Street, New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
- Added:
- Mar 17, 2026
- Days on Market:
- 88
- Last Refresh:
- Jun 12 at 12:06 am
Property Features for 512 SHORT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Off Street
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 716102605
- Size
- 2,989 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- SQ 51 LOT 12-A SHORT 45 X 137 6 512-14 SHORT
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Leslie Heindel License #995688679 (504) 327-5303
Listing office Crescent City Living, LLC 3205 Orleans Avenue, New Orleans, LA (504) 327-5303
Listing date Mar 17, 2026
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.
HighLights
- Duplex at 512‑14 Short Street in the Black Pearl neighborhood (year built 1940).
- Each unit features a sunroom, large living space, private laundry, and its own parking spot.
- Off‑street parking with carport plus fenced/enclosed yard space.
- Central heating and central A/C; HVACs replaced in 2019.
- Updated kitchens with granite countertops and gas stoves; newer double‑hung windows and new awnings.
- Downstairs tenants are on a month‑to‑month lease; X flood zone and termite contract included.
Overview
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 | $59.2k | $19.80 |
| − Vacancy | −$5.1k | −$1.71 |
| EGI | $54.1k | $18.09 |
| − OpEx | −$16.2k | −$5.43 |
| NOI | $37.8k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.134072
- Latitude
- 29.94206
