Two-Unit Shotgun
For Sale
$399,000
Pending
831 HIDALGO Street, New Orleans, LA 70124
Multifamily, New Orleans, LA
Property Size1,800 SF
Lot Size0.11 Acres
Days on Market32
Property Features for 831 HIDALGO Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Standard status
Pending
APN
206305021
Size
1,800 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
SQ 10 LOTS 31 32 HIDALGO 20X120 EA 831-33 HIDALGO
Legal Description
SQ 10 LOTS 31 32 HIDALGO 20X120 EA 831-33 HIDALGO
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central air and heat
in-unit laundry
outdoor space
Building Details
Year built
1942
Number of units
2
Architectural style
Shotgun
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Kristin R Blewster · License #995684180
(504) 339-9740
Added: Sep 22
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 2578166
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 1,800-square-foot duplex, built in 1942, contains two shotgun-style residences. Each unit has two bedrooms, one bathroom, central heating and air conditioning, in-unit laundry, and outdoor space. Wood floors and tall windows are among the described interior features, and the property includes a porch and off-street parking for each side.
The property is in New Orleans’ Navarre neighborhood, near City Park, NOMA, Bayou St. John, and the Lafitte Greenway. Cafe Navarre and the Endymion Parade are also identified in the surrounding area. The lot measures 0.1102 acres, and the property is in an X Flood Zone.
The property is in New Orleans’ Navarre neighborhood, near City Park, NOMA, Bayou St. John, and the Lafitte Greenway. Cafe Navarre and the Endymion Parade are also identified in the surrounding area. The lot measures 0.1102 acres, and the property is in an X Flood Zone.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,800 square feet on a 0.1102‑acre lot
- Built in 1942; shotgun architectural style
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.
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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 - Separate laundry and outdoor areas accompany each residence, with off-street parking provided for both.
Where is this duplex located?
The property is located at 831 HIDALGO Street 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: Two units, each with 2 bedrooms and 1 bathroom; 1,800 square feet on a 0.1102‑acre lot; Built in 1942; shotgun architectural style
