Contemporary Duplex with Private
819 North Villere Street New Orleans, LA 70116
819 North Villere Street, New Orleans, LA, 70116
$615,000
For Sale
$615,000
Contemporary duplex includes a 2-bedroom primary residence and a separate 3-bedroom rental home with covered outdoor entertaining.
Property Size2,327 SF
Price / SF$264.29
Days on Market25
Property Features for 819 North Villere Street
General Information
- Standard status
- Active
- Size
- 2,327 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2019
Listing agency
Compass
(504) 224-0583
Listed by
Stephen Witt-Schoen · License #995713896
(504) 224-0583
Source
Compass
Added: Jun 28 Updated: Jul 21 at 4:38AM Checked: Jul 22 at 7:05AM
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 Compass
Investment Insights
Based on property information with market context.
This contemporary duplex features two separate residences: a primary home with 2 bedrooms and 2.5 baths, and a separate 3-bedroom, 2-bath residence. The owner’s unit is designed for entertaining with an open-concept kitchen, living, and dining area, a wet bar, large windows, and a fully operable NanaWall system that opens to a covered rear entertaining area. The property also includes a private backyard with a fire pit. Architectural details include elevated construction, standing-seam metal roofing, and exposed cypress beams in both the primary bedroom and the rental living area, blending contemporary design with distinctive New Orleans character.
Set in historic Treme, the property overlooks Armstrong Park and is just moments from Congo Square, the French Quarter, Marigny, and nearby dining, music, and cultural attractions.
The seller is willing to convert the property to a single-family residence with an acceptable offer, or configure the front residence for long-term occupancy, providing flexibility for future ownership.
Set in historic Treme, the property overlooks Armstrong Park and is just moments from Congo Square, the French Quarter, Marigny, and nearby dining, music, and cultural attractions.
The seller is willing to convert the property to a single-family residence with an acceptable offer, or configure the front residence for long-term occupancy, providing flexibility for future ownership.
Key Highlights
- Contemporary duplex overlooking Armstrong Park in historic Treme
- 2019‑built 2‑story duplex with standing‑seam metal roofing and HardiPlank exterior
- 1,585 SF owner unit: 2 bedrooms, 2.5 baths, open kitchen/living/dining with wet bar
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $19.80 |
| − Vacancy | −$4.0k | −$1.71 |
| EGI | $42.1k | $18.09 |
| − OpEx | −$12.6k | −$5.43 |
| NOI | $29.5k | $12.66 |
2,327 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.9K
$368.3K – $491.1K
NOI $29,466 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$386.9K
$338.6K – $451.4K
NOI $27,084 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$591.4K
$517.5K – $690.0K
NOI $41,401 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Contemporary duplex includes a 2-bedroom primary residence and a separate 3-bedroom rental home with covered outdoor entertaining.
Where is this duplex located?
The property is located at 819 North Villere Street New Orleans, LA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Contemporary duplex overlooking Armstrong Park in historic Treme; 2019‑built 2‑story duplex with standing‑seam metal roofing and HardiPlank exterior; 1,585 SF owner unit: 2 bedrooms, 2.5 baths, open kitchen/living/dining with wet bar
