Duplex with Off-Street
For Sale
$399,000
Pending
831 Hidalgo St, New Orleans, LA 70124
Each residence has private laundry, outdoor space, and a two-bedroom, one-bath layout.
Property Size1,800 SF
Days on Market40
Property Features for 831 Hidalgo St
General Information
Standard status
Pending
Size
1,800 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Navarre
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
wood floors
central air and heat
in-unit laundry
outdoor space
off-street parking
Building Details
Construction
shotgun-style
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Kristin R Blewster · License #995684180
(504) 339-9740
Source:
Exprealty
Added: Sep 22
Changed: Oct 30
Last Checked: Oct 30 at 3:49PM
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 REVE, REALTORS
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Investment Insights
Based on property information with market context.
At 831 Hidalgo St in New Orleans, this 1,800-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. The shotgun-style interiors feature wood flooring, tall windows, spacious kitchens, central air and heat, and in-unit laundry. Each side also has its own outdoor area and off-street parking.
City Park, Café Navarre, NOMA, Bayou St. John, the Lafitte Greenway, and the Endymion Parade are among the nearby destinations. The property is in an X Flood Zone.
City Park, Café Navarre, NOMA, Bayou St. John, the Lafitte Greenway, and the Endymion Parade are among the nearby destinations. The property is in an X Flood Zone.
Key Highlights
- 1,800‑square‑foot duplex with two residences
- Each unit has 2 bedrooms and 1 bathroom
- Shotgun‑style layout with wood floors and tall windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,792
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,840
$455.8K
Cap Rate 7%
$325,600
$325.6K
Cap Rate 9%
$253,244
$253.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$35.6K $19.80/SF
− Vacancy
−$3.1K −$1.71/SF
EGI
$32.6K $18.09/SF
− OpEx
−$9.8K −$5.43/SF
NOI
$22.8K $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%
$455,840
Cap Rate 7%
$325,600
Cap Rate 9%
$253,244
Alternative Uses
Best Use
Multifamily LT 5
$325.6K
$284.9K – $379.9K
NOI $22,792 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$299.3K
$261.9K – $349.2K
NOI $20,950 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$457.5K
$400.3K – $533.8K
NOI $32,025 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
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Business Placement
Demographics for 70124, LA
22,777
Population
8,919
Households
2.6
Avg Household Size
37
Median Age
70%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,400
Density / Sq Mi
$121,318
Median Household Income
$66,323
Median Earnings
$1,752
Median Rent
$577,800
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 has private laundry, outdoor space, and a two-bedroom, one-bath layout.
Where is this duplex located?
The property is located at 831 Hidalgo St New Orleans, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,800‑square‑foot duplex with two residences; Each unit has 2 bedrooms and 1 bathroom; Shotgun‑style layout with wood floors and tall windows
