Two-Unit Duplex with In-Unit
For Sale
$250,000
812 ELIZA Street, New Orleans, LA 70114
Multifamily, New Orleans, LA
Property Size1,512 SF
Lot Size0.05 Acres
Price / SF$165.34
Days on Market39
Property Features for 812 ELIZA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Standard status
Active
APN
513107711
Size
1,512 SF
Lot size
0.05 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Description
SQ 79 RR PTS 11/12 OR B 35 X 63 812/814 ELIZA ST
Legal Description
SQ 79 RR PTS 11/12 OR B 35 X 63 812/814 ELIZA ST
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
central air
fencing
small yard
Building Details
Year built
1910
Number of units
2
Building materials
Wood Siding
Architectural style
Other
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Celeste Marshall · License #995686000
(504) 220-8558
Added: Sep 15
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2569058
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 1,512-square-foot duplex contains two one-bedroom residences, each with a full bathroom, in-unit laundry, and a small yard. Central heating and air conditioning serve the property, which also has separate utility meters and fencing. The raised foundation was redone in 2021, and the building has wood siding. Constructed in 1910, the property sits on a 0.0506-acre lot.
Public water and sewer service the property, and natural gas is available. The duplex is offered as-is.
Public water and sewer service the property, and natural gas is available. The duplex is offered as-is.
Key Highlights
- Two units, each with one bedroom and one full bathroom
- 1,512 square feet on a 0.0506‑acre lot
- In‑unit laundry and a small yard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,146
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,920
$382.9K
Cap Rate 7%
$273,514
$273.5K
Cap Rate 9%
$212,733
$212.7K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$29.9K $19.80/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$27.4K $18.09/SF
− OpEx
−$8.2K −$5.43/SF
NOI
$19.1K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,920
Cap Rate 7%
$273,514
Cap Rate 9%
$212,733
Alternative Uses
Best Use
Multifamily LT 5
$273.5K
$239.3K – $319.1K
NOI $19,146 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$251.4K
$220.0K – $293.3K
NOI $17,598 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$384.3K
$336.3K – $448.4K
NOI $26,901 @ 7.0% cap · market cap 10.76%
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
409
Businesses Nearby
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Business Placement
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
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 - Each residence includes one bedroom, a full bathroom, and a private yard.
Where is this duplex located?
The property is located at 812 ELIZA Street New Orleans, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two units, each with one bedroom and one full bathroom; 1,512 square feet on a 0.0506‑acre lot; In‑unit laundry and a small yard for each residence
