Historic Duplex with Private
New
For Sale
$1,700,000
839 PINE Street, New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
Property Size6,024 SF
Lot Size0.17 Acres
Price / SF$282.20
Days on Market2
Property Features for 839 PINE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage, Covered
Exterior features
Balcony, Courtyard, Fence
Fencing
Fenced
Lot features
Corner
Standard status
Active
APN
615307407
Size
6,024 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
GREENVILLE SQ 79 LOTS 11 12 60X120 839 PINE & 7222 BURTHE S-2 STY-W/APT FILE #86691 1/04 FILE #86691 1/04
Legal Description
GREENVILLE SQ 79 LOTS 11 12 60X120 839 PINE & 7222 BURTHE S-2 STY-W/APT FILE #86691 1/04 FILE #86691 1/04
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
front porch
private courtyard
Building Details
Year built
1960
Floors in Building
3
Number of units
1
Architectural style
Other
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Coniece Allen-Brown · License #000069487
(504) 782-2470
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 5:06PM
MLS# 2568046
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Step into a circa-1906 historic residence at 839 Pine Street featuring a main home with 6 bedrooms and 3 bathrooms, tall ceilings, and period architectural details. The property also includes a separate 2-bedroom apartment and a private courtyard for outdoor relaxation and entertaining. An attached 2-car garage adds practical convenience.
Located in New Orleans, the home is described as being three blocks from St. Charles Avenue and minutes from Audubon Park, Tulane University, and local dining, shopping, and entertainment.
Additional noted attributes include the property’s placement in an X Flood Zone. Offered for sale as a duplex-style residential income property, it can function as a private residence with on-site rental income via the separate apartment.
Located in New Orleans, the home is described as being three blocks from St. Charles Avenue and minutes from Audubon Park, Tulane University, and local dining, shopping, and entertainment.
Additional noted attributes include the property’s placement in an X Flood Zone. Offered for sale as a duplex-style residential income property, it can function as a private residence with on-site rental income via the separate apartment.
Key Highlights
- Year built 1960 single‑family home with 6,024 SF of living space
- Main home offers 6 bedrooms and 3 bathrooms with tall ceilings
- Separate 2‑bedroom apartment generates $2,000/month
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 | $119.3k | $19.80 |
| − Vacancy | −$10.3k | −$1.71 |
| EGI | $109.0k | $18.09 |
| − OpEx | −$32.7k | −$5.43 |
| NOI | $76.3k | $12.66 |
6,024 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$953.5K – $1.27M
NOI $76,279 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$1.00M
$876.4K – $1.17M
NOI $70,112 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,177 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Historic circa-1906 residence with a private courtyard, attached 2-car garage, and a separate 2-bedroom apartment.
Where is this duplex located?
The property is located at 839 PINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Year built 1960 single‑family home with 6,024 SF of living space; Main home offers 6 bedrooms and 3 bathrooms with tall ceilings; Separate 2‑bedroom apartment generates $2,000/month
