Two-Unit
New
For Sale
$475,000
809 TOLEDANO Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size1,560 SF
Lot Size0.06 Acres
Price / SF$304.49
Days on Market5
Property Features for 809 TOLEDANO Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1
Standard status
Active
APN
411106605
Size
1,560 SF
Lot size
0.06 Acres
Additional Details
Tenant in Place
Yes
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1865
Number of units
2
Building materials
HardiPlank Type, Wood Siding
Architectural style
Shotgun
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Kasi L Champagne · License #995685330
(504) 715-0115
Added: Oct 21
Changed: Oct 24
Last Checked: Oct 25 at 6:06PM
MLS# 2582284
Copyright © 2026 ROAM MLS. 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 1,560-square-foot duplex contains two residences, each with in-unit laundry. One is a one-bedroom, one-bathroom unit with an office, renovated in 2022 and tenant-occupied. The second has two bedrooms and one bathroom in a shotgun layout. The property was built in 1865 and has central heating and air conditioning, public water and sewer, and natural gas available. The 0.064-acre parcel is in an X flood zone.
The property is in New Orleans’ Irish Channel neighborhood, near Magazine Street’s restaurants, shops, and other neighborhood businesses.
The property is in New Orleans’ Irish Channel neighborhood, near Magazine Street’s restaurants, shops, and other neighborhood businesses.
Key Highlights
- Two residences totaling 1,560 square feet
- One‑bedroom, one‑bathroom unit with office; renovated in 2022 and tenant‑occupied
- Second residence has 2 bedrooms and 1 bathroom 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.
How Realmo checks its estimates
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include in-unit laundry, with one also offering office space.
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; One‑bedroom, one‑bathroom unit with office; renovated in 2022 and tenant‑occupied; Second residence has 2 bedrooms and 1 bathroom in a shotgun layout
