Duplex with Attached
For Sale
$1,550,000
839 PINE Street, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size6,024 SF
Lot Size0.17 Acres
Price / SF$257.30
Days on Market87
Property Features for 839 PINE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6
Parking features
Covered
Lot features
Corner Lot
Standard status
Active
APN
615307407
Size
6,024 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
front porch
private courtyard
Building Details
Year built
1960
Number of units
2
Flooring type
Vinyl, Plank, Wood
Building materials
Brick, Frame, Wood Siding
Architectural style
Other
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Coniece Allen-Brown · License #000069487
(504) 782-2470
Added: Jul 29
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2568046
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 6,024-square-foot duplex pairs a five-bedroom, three-bathroom main residence with a separate two-bedroom apartment. A private courtyard and front porch provide outdoor space, while the attached, covered garage accommodates two cars. Central heating and air conditioning serve the property, which sits on a 0.1653-acre lot and is in an X Flood Zone.
The property is at 839 Pine Street in New Orleans, three blocks from St. Charles Avenue and minutes from Audubon Park and Tulane University. Dining, shopping, and entertainment are also nearby.
The property is at 839 Pine Street in New Orleans, three blocks from St. Charles Avenue and minutes from Audubon Park and Tulane University. Dining, shopping, and entertainment are also nearby.
Key Highlights
- 6,024‑square‑foot duplex with a five‑bedroom main residence and separate two‑bedroom apartment
- Main residence has 3 bathrooms
- Attached covered garage with 2‑car capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,279
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,525,580
$1.5M
Cap Rate 7%
$1,089,700
$1.1M
Cap Rate 9%
$847,544
$847.5K
Market Conditions
NOI Build-Up for 6,024 SF
Gross rent
$119.3K $19.80/SF
− Vacancy
−$10.3K −$1.71/SF
EGI
$109.0K $18.09/SF
− OpEx
−$32.7K −$5.43/SF
NOI
$76.3K $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%
$1,525,580
Cap Rate 7%
$1,089,700
Cap Rate 9%
$847,544
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$953.5K – $1.27M
NOI $76,279 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$1.00M
$876.4K – $1.17M
NOI $70,112 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,177 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,353
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential spaces include a main home and a separate apartment, with a covered garage for two vehicles.
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 $1,550,000.
What are key features of this property?
This property features: 6,024‑square‑foot duplex with a five‑bedroom main residence and separate two‑bedroom apartment; Main residence has 3 bathrooms; Attached covered garage with 2‑car capacity
