Residential Income Duplex
8615 BIRCH Street New Orleans, LA 70118
New
For Sale
$230,000
MULTI_FAMILY - New Orleans, LA
Property Size1,631 SF
Lot Size0.11 Acres
Price / SF$141.02
Days on Market3
Property Features for 8615 BIRCH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Off Street
- Standard status
- Active
- APN
- 716206522
- Size
- 1,631 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- SQ 207 LOT R-3 BIRCH 33 8 X 150 8615-17 BIRCH
Utilities
- Heating system
- Central
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
Service 1st Real Estate
(225) 503-2525
Listed By:
Ashley Stevenson
(504) 220-7297
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 4:06PM
MLS# 2568768
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.
8615–17 Birch Street is a multifamily residential income property in the Leonidas area of New Orleans, LA 70118. The offering totals 1,631 square feet on a 0.1136-acre lot and is being sold as-is, with the property requiring some care and updates for its next ownership chapter.
The location is described as being in the South Carrollton Avenue area with streetcar and transit access nearby. The property is ready for an investor or owner-operator looking to reposition a residential income asset in Uptown/New Orleans.
This is an as-is sale of a small-scale income property at 8615 BIRCH Street, suited for buyers who plan to bring it back to full operating condition.
The location is described as being in the South Carrollton Avenue area with streetcar and transit access nearby. The property is ready for an investor or owner-operator looking to reposition a residential income asset in Uptown/New Orleans.
This is an as-is sale of a small-scale income property at 8615 BIRCH Street, suited for buyers who plan to bring it back to full operating condition.
Key Highlights
- Leonidas area (ZIP 70118), near the South Carrollton Ave streetcar/transit corridor
- Built in 1940
- Central heating
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 | $32.3k | $19.80 |
| − Vacancy | −$2.8k | −$1.71 |
| EGI | $29.5k | $18.09 |
| − OpEx | −$8.9k | −$5.43 |
| NOI | $20.7k | $12.66 |
1,631 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$295.0K
$258.2K – $344.2K
NOI $20,653 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$271.2K
$237.3K – $316.4K
NOI $18,983 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$414.5K
$362.7K – $483.6K
NOI $29,018 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Multifamily residential income property near transit access, sized at 1,631 square feet on a 0.1136-acre lot.
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 $230,000.
What are key features of this property?
This property features: Leonidas area (ZIP 70118), near the South Carrollton Ave streetcar/transit corridor; Built in 1940; Central heating
