Two-Unit Marigny
For Sale
$475,000
905 ELYSIAN FIELDS Avenue, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size1,142 SF
Price / SF$415.94
Days on Market33
Property Features for 905 ELYSIAN FIELDS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Standard status
Active
APN
905-ELYSIANFIELDSAV
Size
1,142 SF
Taxes and HOA fees
Tax Description
1. SQ 272 LOT PT 1 ELYSIAN 2. FIELDS AVE 20X103 SHOTGUN 3. SGLE W/FR 3/RM S/R
Legal Description
1. SQ 272 LOT PT 1 ELYSIAN 2. FIELDS AVE 20X103 SHOTGUN 3. SGLE W/FR 3/RM S/R
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
HardiPlank Type, Wood Siding
Architectural style
Cottage
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Michael J Styles · License #995690479
(504) 777-1773
Added: Sep 23
Changed: Oct 24
Last Checked: Oct 25 at 8:06PM
MLS# 2578314
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,142-square-foot duplex contains two independent apartments in a front-to-back arrangement, joined by a concealed passage. Built in 1900, the cottage-style property features hardwood floors, high ceilings, transoms, exposed brick, and substantial baseboards. Central heating and central air conditioning serve the building, with HardiPlank Type and wood siding among its exterior materials.
The property is in New Orleans’ Marigny neighborhood, near Crescent Park, the French Quarter, and neighborhood businesses. It is located in Flood Zone X. Public water and sewer serve the property, and natural gas is available.
The property is in New Orleans’ Marigny neighborhood, near Crescent Park, the French Quarter, and neighborhood businesses. It is located in Flood Zone X. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- Two independent apartments in a front‑to‑back layout
- 1,142 square feet; built in 1900
- Concealed passage connects the apartments
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,975
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A front-to-back configuration pairs two separate apartments with a connecting concealed passage.
Where is this duplex located?
The property is located at 905 ELYSIAN FIELDS Avenue 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; 1,142 square feet; built in 1900; Concealed passage connects the apartments
