Duplex with Connected
For Sale
$475,000
905 Elysian Fields Ave, New Orleans, LA 70117
Two separate residences feature a concealed interior connection and an accessory structure.
Property Size1,142 SF
Price / SF$415.94
Days on Market15
Property Features for 905 Elysian Fields Ave
General Information
Standard status
Active
Size
1,142 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Michael Styles · License #995690479
(504) 777-1773
Source:
Exprealty
Added: Sep 23
Changed: Oct 2
Last Checked: Oct 7 at 1:59PM
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 Keller Williams Realty New Orleans
Investment Insights
Based on property information with market context.
This renovated duplex contains two independent apartments in a front-to-back arrangement, with a concealed passage linking the residences. Architectural details include hardwood flooring, high ceilings, transoms, exposed brick, and substantial baseboards. An accessory structure is also part of the property.
The property is in Flood Zone X, near Crescent Park, the French Quarter, and neighborhood businesses.
The property is in Flood Zone X, near Crescent Park, the French Quarter, and neighborhood businesses.
Key Highlights
- Two independent apartments in a front‑to‑back layout
- Concealed passage connects the residences
- Separate accessory structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,461
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,220
$289.2K
Cap Rate 7%
$206,586
$206.6K
Cap Rate 9%
$160,678
$160.7K
Market Conditions
NOI Build-Up for 1,142 SF
Gross rent
$22.6K $19.80/SF
− Vacancy
−$2.0K −$1.71/SF
EGI
$20.7K $18.09/SF
− OpEx
−$6.2K −$5.43/SF
NOI
$14.5K $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%
$289,220
Cap Rate 7%
$206,586
Cap Rate 9%
$160,678
Alternative Uses
Best Use
Multifamily LT 5
$206.6K
$180.8K – $241.0K
NOI $14,461 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$189.9K
$166.2K – $221.5K
NOI $13,292 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$290.3K
$254.0K – $338.6K
NOI $20,318 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,975
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature a concealed interior connection and an accessory structure.
Where is this duplex located?
The property is located at 905 Elysian Fields Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two independent apartments in a front‑to‑back layout; Concealed passage connects the residences; Separate accessory structure
