Updated Shotgun Duplex
914-16 Congress Street New Orleans, LA 70117
914-16 Congress Street, New Orleans, LA, 70117
$319,000
For Sale
$319,000
Front-to-back shotgun duplex with updated windows, in-unit laundry, and eat-in kitchens featuring gas range ovens.
Property Size1,412 SF
Price / SF$225.92
Days on Market143
Property Features for 914-16 Congress Street
General Information
- Standard status
- Active
- Size
- 1,412 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1900
Listing agency
Crane Realtors
(504) 210-2014
Listed by
Aaron Dare · License #995681183
(504) 210-2014
Source
Compass
Added: Mar 2 Updated: Jul 21 at 3:41PM Checked: Jul 22 at 10:53AM
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 Crane Realtors
Investment Insights
Based on property information with market context.
This classic shotgun-style duplex offers a traditional front-to-back layout with updated windows that bring in natural light. Original interior details include wood floors, picture molding, and decorative cased openings. Each unit includes an eat-in kitchen with a gas range oven, a full bathroom, and in-unit laundry.
A large rear door opens to a generous backyard that is divided, providing each unit its own designated outdoor space. Unit 914 features a deck and off-street parking on that side.
The property is located in flood zone X and has flood insurance currently under $1,000 per year. It is described as being just blocks from neighborhood restaurants and coffee shops.
A large rear door opens to a generous backyard that is divided, providing each unit its own designated outdoor space. Unit 914 features a deck and off-street parking on that side.
The property is located in flood zone X and has flood insurance currently under $1,000 per year. It is described as being just blocks from neighborhood restaurants and coffee shops.
Key Highlights
- Front‑to‑back shotgun duplex in the heart of the Bywater with 2 bedrooms and 2 full bathrooms
- Updated windows with natural light and original wood floors, picture molding, and decorative cased openings
- Each unit includes an eat‑in kitchen with a gas range oven and a full bathroom
Local 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 | $28.0k | $19.80 |
| − Vacancy | −$2.4k | −$1.71 |
| EGI | $25.5k | $18.09 |
| − OpEx | −$7.7k | −$5.43 |
| NOI | $17.9k | $12.66 |
1,412 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.4K
$223.5K – $298.0K
NOI $17,879 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$234.8K
$205.4K – $273.9K
NOI $16,434 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$358.9K
$314.0K – $418.7K
NOI $25,122 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Front-to-back shotgun duplex with updated windows, in-unit laundry, and eat-in kitchens featuring gas range ovens.
Where is this duplex located?
The property is located at 914-16 Congress Street New Orleans, LA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Front‑to‑back shotgun duplex in the heart of the Bywater with 2 bedrooms and 2 full bathrooms; Updated windows with natural light and original wood floors, picture molding, and decorative cased openings; Each unit includes an eat‑in kitchen with a gas range oven and a full bathroom
