Two-Unit Shotgun
821 Port Street, New Orleans, LA 70117
For Sale
$420,000
Pending
Both residences offer two bedrooms, a full bath, and a flexible additional room.
Property Size2,093 SF
Days on Market20
Property Features for 821 Port Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
expansive backyard
Building Details
Buildings
Construction
Tenancy
Listing Agency:
LaNasa Realty, Inc
(504) 336-4050
Listed By:
Anna Finch · License LA #995716795
(504) 345-4316
Source:
Exprealty
Added: Oct 26
Changed: Nov 12
Last Checked: Nov 12 at 2:19PM
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 LaNasa Realty, Inc
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Investment Insights
Based on property information with market context.
This duplex comprises two distinct residences, each arranged with two bedrooms, one full bathroom, and an additional flexible room. The interiors feature wood flooring, stained-glass details, and natural light. One side includes an open-plan bathroom with a rainforest shower; the units have different layouts rather than mirrored plans. The property contains 2,093 square feet.
A rear yard with mature trees provides outdoor space. The property is on Port Street in New Orleans, within walking distance of neighborhood restaurants and bars, the St. Anne parade route, the Mississippi River, and Crescent Park.
Both residences were rented until recently, and one is currently vacant. The remaining occupied side has a current monthly rent of $1,550.
A rear yard with mature trees provides outdoor space. The property is on Port Street in New Orleans, within walking distance of neighborhood restaurants and bars, the St. Anne parade route, the Mississippi River, and Crescent Park.
Both residences were rented until recently, and one is currently vacant. The remaining occupied side has a current monthly rent of $1,550.
Key Highlights
- Two residences, each with 2 bedrooms, 1 full bathroom, and an additional flexible room
- 2,093 square feet across the duplex
- Distinct layouts rather than mirrored units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,503
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,060
$530.1K
Cap Rate 7%
$378,614
$378.6K
Cap Rate 9%
$294,478
$294.5K
Market Conditions
NOI Build-Up for 2,093 SF
Gross rent
$41.4K $19.80/SF
− Vacancy
−$3.6K −$1.71/SF
EGI
$37.9K $18.09/SF
− OpEx
−$11.4K −$5.43/SF
NOI
$26.5K $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%
$530,060
Cap Rate 7%
$378,614
Cap Rate 9%
$294,478
Alternative Uses
Best Use
Multifamily LT 5
$378.6K
$331.3K – $441.7K
NOI $26,503 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$348.0K
$304.5K – $406.0K
NOI $24,360 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$532.0K
$465.5K – $620.6K
NOI $37,238 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,196
Businesses Nearby
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Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, a full bath, and a flexible additional room.
Where is this duplex located?
The property is located at 821 Port Street New Orleans, LA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 1 full bathroom, and an additional flexible room; 2,093 square feet across the duplex; Distinct layouts rather than mirrored units
