Two-Unit Shotgun
New
For Sale
$475,000
809 TOLEDANO Street, New Orleans, LA 70115
Multi-Family, Shot Gun, New Orleans, LA
Property Size1,560 SF
Lot Size0.06 Acres
Price / SF$304.49
Days on Market3
Property Features for 809 TOLEDANO Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Exterior features
Fence
Fencing
Fenced
Lot features
Regular
Subdivision
Irish Channel
Standard status
Active
APN
411106605
Size
1,560 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
SQ 88 LOT C TOLEDANO ST 30X94/92 = 2790 SQ FT DBLE 809/11 TOLEDANO ST
Legal Description
SQ 88 LOT C TOLEDANO ST 30X94/92 = 2790 SQ FT DBLE 809/11 TOLEDANO ST
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1865
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Kasi Champagne
(504) 715-0115
Added: Oct 21
Last Checked: Oct 23 at 12:06AM
MLS# 2582284
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.
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Investment Insights
Based on property information with market context.
This New Orleans duplex contains two residences totaling 1,560 square feet on a 0.064-acre lot. One unit has a renovated one-bedroom, one-bath layout with additional office space; its updates were completed in 2022, and it is tenant-occupied. The other residence has two bedrooms and one bath in a shotgun configuration, with earlier updates. Both units include in-unit laundry. The property was built in 1865 and has central heating and air conditioning, a shingle roof, public water, and a fence.
The building is at 809 Toledano Street in New Orleans’ Irish Channel neighborhood, a short walk from Magazine Street. Restaurants, bars, coffee shops, bakeries, boutiques, and grocery stores are nearby. The area also hosts the Irish Channel St. Patrick’s Day Parade and Mardi Gras festivities.
The building is at 809 Toledano Street in New Orleans’ Irish Channel neighborhood, a short walk from Magazine Street. Restaurants, bars, coffee shops, bakeries, boutiques, and grocery stores are nearby. The area also hosts the Irish Channel St. Patrick’s Day Parade and Mardi Gras festivities.
Key Highlights
- Two residences totaling 1,560 square feet on a 0.064‑acre lot
- One‑bedroom, one‑bath unit includes office space; updated in 2022 and tenant‑occupied
- Second unit has two bedrooms and one bath in a shotgun layout
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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Open Analytics
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 separate residences offer distinct layouts, with in-unit laundry in each unit.
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 totaling 1,560 square feet on a 0.064‑acre lot; One‑bedroom, one‑bath unit includes office space; updated in 2022 and tenant‑occupied; Second unit has two bedrooms and one bath in a shotgun layout
