Mid-City New Orleans
627 S ALEXANDER Street New Orleans, LA 70119
For Sale
$385,000
MULTI_FAMILY - New Orleans, LA
Property Size1,984 SF
Price / SF$194.05
Days on Market131
Property Features for 627 S ALEXANDER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Exterior features
Fence
Fencing
Fenced
Standard status
Active
APN
105307803
Size
1,984 SF
Taxes and HOA fees
Tax Description
SQ 807 LOT 4 ALEXANDER
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Adrienne LaBauve
(337) 522-7554
Added: Mar 19
Changed: Jul 17
Last Checked: Jul 27 at 3:06PM
MLS# 2545885
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.
Investment Insights
Based on property information with market context.
Located in the heart of Mid-City, 627 S Alexander Street is a well-maintained double featuring an open and inviting floor plan with abundant natural light and timeless character throughout. Each side of this multi-family property offers 3 bedrooms and 1 bath. Spacious bedrooms provide comfort and flexibility, while the living and dining areas create an ideal space for entertaining. Each unit includes a washer and dryer. The backyard offers room to relax, garden, or enjoy outdoor gatherings. Situated moments from Bayou St. John, City Park, streetcar access, and many restaurants and cafes. One unit is currently vacant and ready for owner occupancy or a new tenant. The property size is 1984 square feet.
Key Highlights
- Double duplex ideal for owner‑occupant or rental income.
- Located in desirable Mid‑City, near Bayou St. John, City Park, and streetcar.
- Each unit features 3 bedrooms/1 bath and in‑unit washer/dryer.
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 | $39.3k | $19.80 |
| − Vacancy | −$3.4k | −$1.71 |
| EGI | $35.9k | $18.09 |
| − OpEx | −$10.8k | −$5.43 |
| NOI | $25.1k | $12.66 |
1,984 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.9K
$314.0K – $418.7K
NOI $25,122 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$329.9K
$288.6K – $384.9K
NOI $23,091 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$519.2K
$454.3K – $605.7K
NOI $36,341 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Charming double in Mid-City, near Bayou St. John.
Where is this duplex located?
The property is located at 627 S ALEXANDER Street New Orleans, LA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Double duplex ideal for owner‑occupant or rental income.; Located in desirable Mid‑City, near Bayou St. John, City Park, and streetcar.; Each unit features 3 bedrooms/1 bath and in‑unit washer/dryer.
