Duplex with In-Unit
New
For Sale
$475,000
809 TOLEDANO Street, New Orleans, LA 70115
Two distinct residences combine a renovated one-bedroom layout with a two-bedroom shotgun unit in New Orleans’ Irish Channel.
Property Size1,560 SF
Days on Market3
Property Features for 809 TOLEDANO Street
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Duplex
Site & Location
Neighborhood
East Riverside
Units
Unit Mix
1 x 1BR/1BA with office, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
in-unit laundry
Building Details
Building Size
1,560 SF
Year Built
1865
Listing Agency:
eXp Realty, LLC
Listed By:
Kasi L Champagne
(337) 522-7554
Source:
Ewbank.kw
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 3:06AM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1865, this 1,560-square-foot duplex contains two residences, each with in-unit laundry. One is a one-bedroom, one-bath unit with a separate office area; it was renovated in 2022 and is tenant-occupied. The second residence has two bedrooms and one bath in a shotgun-style layout, with earlier updates and historic character. The property is in an X flood zone.
The duplex is in New Orleans’ Irish Channel, near Magazine Street and its restaurants, bars, cafés, bakeries, boutiques, and grocery stores. The neighborhood also hosts the Irish Channel St. Patrick’s Day Parade and is near Mardi Gras festivities.
The duplex is in New Orleans’ Irish Channel, near Magazine Street and its restaurants, bars, cafés, bakeries, boutiques, and grocery stores. The neighborhood also hosts the Irish Channel St. Patrick’s Day Parade and is near Mardi Gras festivities.
Key Highlights
- Two residences with in‑unit laundry
- 1,560 square feet; built in 1865
- One‑bedroom, one‑bath residence with office area, renovated in 2022 and tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,408
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,160
$268.2K
Cap Rate 7%
$191,543
$191.5K
Cap Rate 9%
$148,978
$149.0K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$21.0K $13.44/SF
− Vacancy
−$1.8K −$1.16/SF
EGI
$19.2K $12.28/SF
− OpEx
−$5.7K −$3.68/SF
NOI
$13.4K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,160
Cap Rate 7%
$191,543
Cap Rate 9%
$148,978
Alternative Uses
Best Use
Multifamily LT 5
$191.5K
$167.6K – $223.5K
NOI $13,408 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$169.8K
$148.6K – $198.1K
NOI $11,886 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$411.6K
$360.1K – $480.2K
NOI $28,810 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,088
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences combine a renovated one-bedroom layout with a two-bedroom shotgun unit in New Orleans’ Irish Channel.
Where is this duplex located?
The property is located at 809 TOLEDANO Street New Orleans, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two residences with in‑unit laundry; 1,560 square feet; built in 1865; One‑bedroom, one‑bath residence with office area, renovated in 2022 and tenant‑occupied
