Two-Bedroom Duplex
8717-19 Belfast Street New Orleans, LA 70118
For Sale
$295,000
Fully occupied 2-bedroom duplex with ongoing maintenance needs for a new owner or investor.
Property Size1,896 SF
Price / SF$155.59
Days on Market1205
Property Features for 8717-19 Belfast Street
General Information
- Standard status
- Active
- Size
- 1,896 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1960
Listing Agency:
Soniat Realty, Inc.
(504) 884-3533
Listed By:
Donyale Allums · License #000074230
(504) 884-3533
Source:
Compass
Added: Apr 6, 2023
Changed: Jul 23
Last Checked: Jul 23 at 6:50AM
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 Soniat Realty, Inc.
Investment Insights
Based on property information with market context.
This property is a duplex featuring two-bedroom units, presented as a maintained, fully occupied residential income asset. The current condition is described as kept up, but with some remaining need for a bit of TLC.
The property is located at 8717-19 Belfast Street in the Hollygrove neighborhood of New Orleans, Louisiana.
As offered for sale, the duplex is already occupied and positioned for an investor looking to acquire a residential income property while addressing minor improvements.
The property is located at 8717-19 Belfast Street in the Hollygrove neighborhood of New Orleans, Louisiana.
As offered for sale, the duplex is already occupied and positioned for an investor looking to acquire a residential income property while addressing minor improvements.
Key Highlights
- Fully occupied 2‑bedroom duplex with ongoing tenant occupancy
- 4 total bedrooms and 2 full bathrooms
- Central air cooling and 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 | $37.5k | $19.80 |
| − Vacancy | −$3.2k | −$1.71 |
| EGI | $34.3k | $18.09 |
| − OpEx | −$10.3k | −$5.43 |
| NOI | $24.0k | $12.66 |
1,896 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.0K
$300.1K – $400.1K
NOI $24,008 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$315.2K
$275.8K – $367.8K
NOI $22,067 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$481.9K
$421.7K – $562.2K
NOI $33,733 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied 2-bedroom duplex with ongoing maintenance needs for a new owner or investor.
Where is this duplex located?
The property is located at 8717-19 Belfast Street New Orleans, LA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Fully occupied 2‑bedroom duplex with ongoing tenant occupancy; 4 total bedrooms and 2 full bathrooms; Central air cooling and central heating
