Duplex Requiring
For Sale
$210,000
Pending
8615 Birch Street, New Orleans, LA 70118
Located in New Orleans’ Leonidas area, the property has nearby streetcar and transit access.
Property Size1,631 SF
Days on Market102
Property Features for 8615 Birch Street
General Information
Standard status
Pending
Size
1,631 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
will need a little tender love and care
Site & Location
Neighborhood
Leonidas
Public Transit
Yes
Listing Agency:
Service 1st Real Estate
(225) 503-2525
Listed By:
Ashley L Stevenson · License #995711979
(504) 975-2491
Source:
Exprealty
Added: Jul 21
Changed: Oct 28
Last Checked: Oct 28 at 3:06PM
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 Service 1st Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,631-square-foot duplex at 8615 Birch Street needs work, offering a clear starting point for improvements. The property is in New Orleans’ Leonidas area, near South Carrollton Avenue and streetcar and transit service.
The address is 8615 Birch Street, New Orleans, LA 70118.
The address is 8615 Birch Street, New Orleans, LA 70118.
Key Highlights
- 1,631 square feet
- In the Leonidas area of New Orleans, near South Carrollton Avenue
- Nearby streetcar and transit access
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
Who owns this building?
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Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Located in New Orleans’ Leonidas area, the property has nearby streetcar and transit access.
Where is this duplex located?
The property is located at 8615 Birch Street 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: 1,631 square feet; In the Leonidas area of New Orleans, near South Carrollton Avenue; Nearby streetcar and transit access
