2-Unit Craftsman
For Sale
$375,000
608 N ST PATRICK, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size2,850 SF
Lot Size0.09 Acres
Price / SF$131.58
Days on Market146
Property Features for 608 N ST PATRICK
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 2
Parking features
Off Street
Standard status
Active
APN
207211508
Size
2,850 SF
Lot size
0.09 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Description
Square 603 Lot 8 N St Patrick 31x120'
Legal Description
Square 603 Lot 8 N St Patrick 31x120'
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Floor Furnace
Cooling system
Window Unit(s)
Water source
Public
Amenities
front porches
Building Details
Year built
1920
Number of units
2
Building materials
Brick, Wood Siding
Architectural style
Craftsman
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Diane Ragan · License #000015544
(504) 400-3884
Added: Jun 1
Changed: Oct 23
Last Checked: Oct 24 at 1:06AM
MLS# 2557138
Copyright © 2026 ROAM MLS. 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 2,850-square-foot duplex, built in 1920, has two residences with two bedrooms apiece. Each side includes a front porch, living and dining rooms, a kitchen, and rear laundry. Interior and exterior work is needed. Wood floors and high ceilings remain, while the fireplaces are inoperable. Heating is by floor furnace, and cooling is provided by window units. The roof is 5 years old.
The fenced lot measures 31 by 120 feet and is zoned HU-RD2. City Park and the Endymion parade route are two blocks away. The residences share a water meter; gas and electric service are separately metered. Public water and sewer are available, with off-street parking. The property is offered as-is, and no income is currently produced.
The fenced lot measures 31 by 120 feet and is zoned HU-RD2. City Park and the Endymion parade route are two blocks away. The residences share a water meter; gas and electric service are separately metered. Public water and sewer are available, with off-street parking. The property is offered as-is, and no income is currently produced.
Key Highlights
- Two residences, each with two bedrooms, in a 2,850‑square‑foot duplex
- 1920 construction with Craftsman architectural style
- Fenced 31x120' lot, zoned HU‑RD2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,171
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,420
$663.4K
Cap Rate 7%
$473,871
$473.9K
Cap Rate 9%
$368,567
$368.6K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$66.3K $23.28/SF
− Vacancy
−$6.0K −$2.12/SF
EGI
$60.3K $21.16/SF
− OpEx
−$27.1K −$9.52/SF
NOI
$33.2K $11.64/SF
Area
ZIP 70119
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,420
Cap Rate 7%
$473,871
Cap Rate 9%
$368,567
Alternative Uses
Best Use
Multifamily LT 5
$515.5K
$451.1K – $601.5K
NOI $36,088 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$473.9K
$414.6K – $552.9K
NOI $33,171 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$745.8K
$652.5K – $870.1K
NOI $52,203 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
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Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences need interior and exterior updates; the property is currently owner-occupied and produces no income.
Where is this duplex located?
The property is located at 608 N ST PATRICK New Orleans, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms, in a 2,850‑square‑foot duplex; 1920 construction with Craftsman architectural style; Fenced 31x120' lot, zoned HU‑RD2
