Duplex Near
For Sale
$210,000
Pending
8615 17 Birch St, New Orleans, LA 70118
Two-unit property in New Orleans’ Leonidas area with nearby streetcar and transit access.
Property Size1,631 SF
Days on Market90
Property Features for 8615 17 Birch St
General Information
Standard status
Pending
Size
1,631 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
a little tender love and care
Additional Details
Public Transit
Yes
Building Details
Year Built
1940
Listing Agency:
Nola Living Realty
(504) 301-9757
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Jul 23
Changed: Oct 19
Last Checked: Oct 19 at 7:27AM
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 Nola Living Realty
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Investment Insights
Based on property information with market context.
This duplex is located at 8615 17 Birch St in New Orleans, within the Leonidas area and ZIP code 70118. The property was built in 1940 and has a listed property size of 1,631.
The home is situated near the South Carrollton Avenue area, with streetcar and other transit access nearby. The property requires repairs and renovation, presenting a residential asset with an established location and a two-unit configuration.
The home is situated near the South Carrollton Avenue area, with streetcar and other transit access nearby. The property requires repairs and renovation, presenting a residential asset with an established location and a two-unit configuration.
Key Highlights
- Duplex property built in 1940
- Listed property size of 1,631
- Located in New Orleans’ Leonidas area, ZIP code 70118
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,983
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,660
$379.7K
Cap Rate 7%
$271,186
$271.2K
Cap Rate 9%
$210,922
$210.9K
Market Conditions
NOI Build-Up for 1,631 SF
Gross rent
$38.0K $23.28/SF
− Vacancy
−$3.5K −$2.12/SF
EGI
$34.5K $21.16/SF
− OpEx
−$15.5K −$9.52/SF
NOI
$19.0K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,660
Cap Rate 7%
$271,186
Cap Rate 9%
$210,922
Alternative Uses
Best Use
Multifamily LT 5
$295.0K
$258.2K – $344.2K
NOI $20,653 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$271.2K
$237.3K – $316.4K
NOI $18,983 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$414.5K
$362.7K – $483.6K
NOI $29,018 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
875
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
Check the figures for this property
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-unit property in New Orleans’ Leonidas area with nearby streetcar and transit access.
Where is this duplex located?
The property is located at 8615 17 Birch St New Orleans, LA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Duplex property built in 1940; Listed property size of 1,631; Located in New Orleans’ Leonidas area, ZIP code 70118
