Duplex with Private
620 Clouet St, New Orleans, LA 70117
For Sale
$569,000
Two distinct residences include an owner’s unit and a separate studio apartment.
Property Size1,927 SF
Lot Size0.10 Acres
Price / SF$295.28
Days on Market17
Property Features for 620 Clouet St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Amenities
courtyard
patio
covered porch
Building Details
Construction
Listing Agency:
FQR Realtors
(504) 949-5400
Listed By:
Eric J Wilkinson · License LA #995700355
(504) 782-6883
Source:
Exprealty
Added: Oct 29
Changed: Nov 12
Last Checked: Nov 12 at 9:35AM
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 FQR Realtors
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Investment Insights
Based on property information with market context.
This 1,927-square-foot duplex at 620 Clouet St includes an L-shaped owner’s residence and a separate studio. Historic wood flooring, a flexible interior layout, and designer finishes are among its features. The 32-by-130-foot parcel also has a courtyard, patio, covered porch, and mature citrus tree.
Crescent Park, Petite Clouet Café, The Country Club, Tiger's Den, and Markey's Bar are steps away in New Orleans’ Bywater neighborhood.
Crescent Park, Petite Clouet Café, The Country Club, Tiger's Den, and Markey's Bar are steps away in New Orleans’ Bywater neighborhood.
Key Highlights
- 1,927‑square‑foot duplex with an L‑shaped owner’s residence and separate studio
- 32‑by‑130‑foot lot
- Courtyard with patio, covered porch, and mature citrus tree
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,401
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,020
$488.0K
Cap Rate 7%
$348,586
$348.6K
Cap Rate 9%
$271,122
$271.1K
Market Conditions
NOI Build-Up for 1,927 SF
Gross rent
$38.2K $19.80/SF
− Vacancy
−$3.3K −$1.71/SF
EGI
$34.9K $18.09/SF
− OpEx
−$10.5K −$5.43/SF
NOI
$24.4K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,020
Cap Rate 7%
$348,586
Cap Rate 9%
$271,122
Alternative Uses
Best Use
Multifamily LT 5
$348.6K
$305.0K – $406.7K
NOI $24,401 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$320.4K
$280.4K – $373.8K
NOI $22,428 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$489.8K
$428.6K – $571.4K
NOI $34,285 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
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Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences include an owner’s unit and a separate studio apartment.
Where is this duplex located?
The property is located at 620 Clouet St New Orleans, LA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 1,927‑square‑foot duplex with an L‑shaped owner’s residence and separate studio; 32‑by‑130‑foot lot; Courtyard with patio, covered porch, and mature citrus tree
