Rehabilitated Duplex with
For Sale
$1,000,000
601 EIGHTH Street, New Orleans, LA 70115
Multi-Family, New Orleans, LA
Property Size3,844 SF
Price / SF$260.15
Days on Market128
Property Features for 601 EIGHTH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Balcony, Fence
Fencing
Fenced
Lot features
Regular
Standard status
Active
APN
601-8THST
Size
3,844 SF
Taxes and HOA fees
Tax Description
As Per Title
Legal Description
As Per Title
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1830
Floors in Building
2
Number of units
2
Roof type
Metal
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 799-1702
Listed By:
Frederick Lemann
(504) 460-6340
Added: Jun 15
Changed: Aug 19
Last Checked: Oct 20 at 10:06AM
MLS# 2563161
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.
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Investment Insights
Based on property information with market context.
This duplex contains a three-bedroom, three-bathroom residence on the second floor and an income-producing space at street level. The upper residence features an open floor plan, sophisticated kitchen, vaulted nickel gap ceilings, heart pine flooring, and a deep balcony. Both units are occupied.
The property underwent a complete rehabilitation with new framing, structural beams, plumbing, electrical systems, a fortified metal roof, and central heating and cooling. ADA-accessible design and full fire safety compliance are also in place. The building measures 3,844 square feet and sits at 601 EIGHTH Street in New Orleans, near the Irish Channel and Tchoupitoulas corridor. Additional exterior features include fencing and public water service.
The property underwent a complete rehabilitation with new framing, structural beams, plumbing, electrical systems, a fortified metal roof, and central heating and cooling. ADA-accessible design and full fire safety compliance are also in place. The building measures 3,844 square feet and sits at 601 EIGHTH Street in New Orleans, near the Irish Channel and Tchoupitoulas corridor. Additional exterior features include fencing and public water service.
Key Highlights
- 3,844‑square‑foot duplex at 601 EIGHTH Street, New Orleans, LA 70115
- Second‑floor residence with 3 bedrooms, 3 bathrooms, open layout, and deep balcony
- First‑floor income‑producing space; both units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,705
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$934,100
$934.1K
Cap Rate 7%
$667,214
$667.2K
Cap Rate 9%
$518,944
$518.9K
Market Conditions
NOI Build-Up for 3,844 SF
Gross rent
$83.0K $21.60/SF
− Vacancy
−$8.3K −$2.16/SF
EGI
$74.7K $19.44/SF
− OpEx
−$28.0K −$7.29/SF
NOI
$46.7K $12.15/SF
Area
ZIP 70115
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$934,100
Cap Rate 7%
$667,214
Cap Rate 9%
$518,944
Alternative Uses
Best Use
Mixed Use
$667.2K
$583.8K – $778.4K
NOI $46,705 @ 7.0% cap · market cap 4.67%
Second Best
Multifamily LT 5
$472.0K
$413.0K – $550.7K
NOI $33,040 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.01M
$887.4K – $1.18M
NOI $70,991 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,875
Businesses Nearby
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Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units include an upper-level residence and a first-floor income-producing space with updated building systems.
Where is this duplex located?
The property is located at 601 EIGHTH Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3,844‑square‑foot duplex at 601 EIGHTH Street, New Orleans, LA 70115; Second‑floor residence with 3 bedrooms, 3 bathrooms, open layout, and deep balcony; First‑floor income‑producing space; both units are occupied
