Two-Unit Shotgun
For Sale
$239,900
Pending
918 MONTEGUT Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size1,890 SF
Days on Market207
Property Features for 918 MONTEGUT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
Parking features
Off Street
Standard status
Pending
APN
39W200406
Size
1,890 SF
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Amenities
tall ceilings
decorative mantels
transoms
eat-in kitchen
gas range
washer/dryer hookups
fenced rear yard
Building Details
Year built
1850
Number of units
2
Building materials
Wood Siding
Architectural style
Shotgun
Buildings
1
Listing Agency:
1 Percent Lists Legacy
(504) 499-0047
Listed By:
Richard A Miley · License #995709617
(985) 265-2046
Added: Apr 1
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 2550819
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 1850-built shotgun duplex contains two units, each arranged with two bedrooms and one bathroom. The 1,890-square-foot property features tall ceilings, decorative mantels, transoms, eat-in kitchens with cabinet storage and gas ranges, and interior laundry areas with washer and dryer hookups. Window-unit cooling serves the residence, and the exterior has wood siding. The property requires maintenance and updating.
A fenced rear yard provides outdoor space. Public water and sewer serve the property, natural gas is available, and off-street parking is provided.
A fenced rear yard provides outdoor space. Public water and sewer serve the property, natural gas is available, and off-street parking is provided.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence
- 1,890 square feet; built in 1850
- Shotgun layout with tall ceilings, decorative mantels, and transoms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,997
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,940
$439.9K
Cap Rate 7%
$314,243
$314.2K
Cap Rate 9%
$244,411
$244.4K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$44.0K $23.28/SF
− Vacancy
−$4.0K −$2.12/SF
EGI
$40.0K $21.16/SF
− OpEx
−$18.0K −$9.52/SF
NOI
$22.0K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,940
Cap Rate 7%
$314,243
Cap Rate 9%
$244,411
Alternative Uses
Best Use
Multifamily LT 5
$341.9K
$299.2K – $398.9K
NOI $23,932 @ 7.0% cap · market cap 9.98%
Second Best
Apartment 5plus
$314.2K
$275.0K – $366.6K
NOI $21,997 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$480.4K
$420.3K – $560.4K
NOI $33,626 @ 7.0% cap · market cap 14.02%
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
1,797
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 - Two residences offer separate kitchens, laundry hookups, and fenced outdoor space, with restoration and updating needed.
Where is this duplex located?
The property is located at 918 MONTEGUT Street New Orleans, LA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence; 1,890 square feet; built in 1850; Shotgun layout with tall ceilings, decorative mantels, and transoms
