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Algiers Point Two-Family Home

715 ELIZA Street, New Orleans, LA 70114

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Pending

$299,000

MULTI_FAMILY - New Orleans, LA

Property size:

1,288 SF

Lot size:

0.03 Acres

HighLights

Currently configured as a 2‑family home: 1 bed and 1 bath on each level
Can be converted back to the original single‑family layout by reinstalling interior stairs
Central HVAC on the upper level; downstairs includes window A/C and tile floors
Recently replaced shingle roof; central heat and Central Air
Washer/dryer hookups for each unit; private side courtyard with potential for off‑street parking
Public water and fenced property with off‑street parking; front porch and courtyard

We can help!

Contact an agent

Joey Walker

Pending

$299,000

MULTI_FAMILY - New Orleans, LA

Property size:

1,288 SF

Lot size:

0.03 Acres

Added:: May 4, 2026
Days on Market:: 65
Last Refresh:: Jul 7 at 9:06 am

Property Features for 715 ELIZA Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Off Street
Exterior features: Fence
Fencing: Fenced
Standard status: Pending
APN: 513109525
Size: 1,288 SF
Lot size: 0.03 Acres

Taxes and HOA fees

Tax Description: SQ 95 RR PT 25 OR 25-A 48 X 32 715 ELIZA

Utilities

Heating system: Central
Cooling system: Window Unit(s), Central Air
Water source: Public

Building Details

Year built: 1925
Floors in Building: 2
Number of units: 2
Roof type: Shingle
Architectural style: Other

We can help!

Contact an agent

Joey Walker

Listing agent Joey Walker License #995699523

Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA

Listing date May 4, 2026

MLS# 2556243 Listing URL

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

Currently configured as a 2‑family home: 1 bed and 1 bath on each level
Can be converted back to the original single‑family layout by reinstalling interior stairs
Central HVAC on the upper level; downstairs includes window A/C and tile floors
Recently replaced shingle roof; central heat and Central Air
Washer/dryer hookups for each unit; private side courtyard with potential for off‑street parking
Public water and fenced property with off‑street parking; front porch and courtyard

Overview

This versatile home is located in the historic Algiers Point neighborhood. Currently configured as a two-family property, each level features 1 bedroom and 1 bathroom. The original single-family layout could be restored with the reinstallation of interior stairs. A welcoming front porch and private side courtyard create inviting outdoor spaces, with the courtyard also offering the potential for off-street parking. The upper level features high ceilings, wood floors, vintage kitchen and bath details, and central HVAC. The downstairs offers good ceiling height, tile floors, an updated kitchen and bathroom, and window units for heating and cooling. Additional features include a recently replaced roof and washer/dryer hookups for each unit. The property is situated minutes from the French Quarter via the nearby ferry. Algiers Point is known for its tree-lined streets, neighborhood cafes, levee walking paths, and strong sense of community. The lot size is 0.0348 acres, and the property size is 1288 square feet. This flexible property delivers multiple possibilities for homeowners and investors alike, including a charming starter home, multi-generational living arrangement, income-producing property, or owner-occupant investment opportunity.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$25.5k	$19.80
− Vacancy	−$2.2k	−$1.71
EGI	$23.3k	$18.09
− OpEx	−$7.0k	−$5.43
NOI	$16.3k	$12.66

1,288 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$233.0K

$203.9K – $271.8K (±1% cap)

NOI $16,309 @ 7.0% cap · market cap 5.45%

Second Best

Apartment 5plus

$214.2K

$187.4K – $249.9K (±1% cap)

NOI $14,991 @ 7.0% cap · market cap 5.01%

Theoretical Best

Office A

$327.4K

$286.5K – $381.9K (±1% cap)

NOI $22,916 @ 7.0% cap · market cap 7.66%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.048725
Latitude: 29.950834

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For sale
Duplexes
LA
New Orleans
70114
715 ELIZA Street

What type of property is this?

Duplex - Charming two-family home in historic Algiers Point neighborhood.

Where is this duplex located?

The property is located at 715 ELIZA Street New Orleans, LA.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: Currently configured as a 2‑family home: 1 bed and 1 bath on each level; Can be converted back to the original single‑family layout by reinstalling interior stairs; Central HVAC on the upper level; downstairs includes window A/C and tile floors

715 ELIZA Street, New Orleans, LA 70114

MULTI_FAMILY - New Orleans, LA

Property Features for 715 ELIZA Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Historic Office Building with Courtyard

Historic Office Building with Courtyard

Turnkey Two-Story Restaurant Event Venue

Canal Street Automotive Investment Opportunity

Mixed-Use Live/Work Building

Camelback Duplex with Garden House

Gutted Warehouse with Office

Camelback Duplex with Garden House

Brick Multi-Family Residence

Historic Ground-Floor Office Space

Fully Equipped Event Venue

Mixed-Use Property with Courtyard

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