Historic Algiers District
916-918 Teche Street New Orleans, LA 70114
916-918 Teche Street, New Orleans, LA, 70114
$790,000
For Sale
$790,000
Modernized duplex in historic district, ideal for homeowners/investors.
Property Size2,860 SF
Price / SF$276.22
Days on Market216
Property Features for 916-918 Teche Street
General Information
- Standard status
- Active
- Size
- 2,860 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2023
Listing Agency
CBTEC BELLE CHASSE
(504) 392-0022
Listed by
Bonnie Buras · License #000052386
(504) 392-0022
Source
Compass
Added: Dec 13, 2025 Checked: Jul 17 at 5:10 am
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 CBTEC BELLE CHASSE
Investment Insights
Based on property information with market context.
Located in the Algiers Historic District, this well-maintained home offers a blend of historic elegance and modern living. The property, approximately 2860 square feet, features two separate units, suitable for owner occupants, investors, or multigenerational living. The downstairs unit (916) includes four bedrooms and two and a half bathrooms. It features coffered ceilings in the living room, kitchen, and primary suite, with 11' ceilings throughout. The gourmet kitchen is equipped with custom cabinetry, quartz countertops, a large island, and a walk-in pantry. Appliances include a wine fridge, stove, microwave, refrigerator, and dishwasher. The exterior features a solid wood door and double hung windows, with luxury vinyl wood plank flooring throughout. The backyard includes a concrete patio. The upstairs unit (918) offers three bedrooms, each with its own full bathroom, and an open concept kitchen with high-end finishes and appliances. A balcony provides space for relaxation. Premium craftsmanship and designer finishes are present throughout the property. The home is situated in a location minutes from the CBD and is located in an X flood zone. The property offers income potential, with the option to live in one unit and rent out the other, or lease both units for maximum profitability.
Key Highlights
- Two separate units offer versatile income potential.
- Located in the sought‑after Algiers Historic District, minutes from the CBD.
- Downstairs unit (916) features 4 bedrooms, 2.5 bathrooms, coffered ceilings, gourmet kitchen with quartz countertops and included appliances.
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 | $56.6k | $19.80 |
| − Vacancy | −$4.9k | −$1.71 |
| EGI | $51.7k | $18.09 |
| − OpEx | −$15.5k | −$5.43 |
| NOI | $36.2k | $12.66 |
2,860 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$517.4K
$452.7K – $603.6K
NOI $36,215 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$475.5K
$416.1K – $554.8K
NOI $33,287 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$726.9K
$636.1K – $848.1K
NOI $50,884 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Modernized duplex in historic district, ideal for homeowners/investors.
Where is this duplex located?
The property is located at 916-918 Teche Street New Orleans, LA.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Two separate units offer versatile income potential.; Located in the sought‑after Algiers Historic District, minutes from the CBD.; Downstairs unit (916) features **4 bedrooms, 2.5 bathrooms, coffered ceilings, gourmet kitchen with quartz countertops and included appliances.**
