Duplex with Front
For Sale
$589,000
Pending
929 N RENDON Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size2,802 SF
Lot Size0.13 Acres
Days on Market59
Property Features for 929 N RENDON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6
Parking
2
Parking features
Driveway
Patio and Porch features
Porch
Standard status
Pending
APN
207203610
Size
2,802 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
SQ 443 LOT F-1 N RENDON 31X154 929-31 N RENDON STREET
Legal Description
SQ 443 LOT F-1 N RENDON 31X154 929-31 N RENDON STREET
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
11' ceilings
original fireplace mantles
original screens
shutters
front porch
yard
Building Details
Year built
1911
Number of units
2
Building materials
Fiber Cement, Wood Siding
Buildings
1
Listing Agency:
Crescent City Living, LLC
(504) 327-5303
Listed By:
Leslie E Heindel · License #995688679
(504) 975-4252
Added: Aug 27
Changed: Oct 23
Last Checked: Oct 24 at 3:06AM
MLS# 2574503
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 1911 duplex in New Orleans has 2,802 square feet, six bedrooms, and three bathrooms. The raised-basement layout includes hardwood floors, 11-foot ceilings, original fireplace mantels, and a front porch. The lower level offers additional space for storage or workshop use, and the property has two driveway parking spaces. A roof was installed in 2024; the HVAC serving the 929 side was installed in 2026.
The 0.1317-acre lot is in the X flood zone. Bayou St. John is two blocks away, and the property is within walking distance of Jazz Fest. Public water and sewer are available, along with natural gas service availability.
The 0.1317-acre lot is in the X flood zone. Bayou St. John is two blocks away, and the property is within walking distance of Jazz Fest. Public water and sewer are available, along with natural gas service availability.
Key Highlights
- 2,802‑square‑foot duplex with six bedrooms and three bathrooms
- 0.1317‑acre lot in the X flood zone
- Raised basement with flexible storage or workshop space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,480
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,600
$709.6K
Cap Rate 7%
$506,857
$506.9K
Cap Rate 9%
$394,222
$394.2K
Market Conditions
NOI Build-Up for 2,802 SF
Gross rent
$55.5K $19.80/SF
− Vacancy
−$4.8K −$1.71/SF
EGI
$50.7K $18.09/SF
− OpEx
−$15.2K −$5.43/SF
NOI
$35.5K $12.66/SF
Area
ZIP 70119
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%
$709,600
Cap Rate 7%
$506,857
Cap Rate 9%
$394,222
Alternative Uses
Best Use
Multifamily LT 5
$506.9K
$443.5K – $591.3K
NOI $35,480 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$465.9K
$407.7K – $543.5K
NOI $32,612 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$733.2K
$641.6K – $855.4K
NOI $51,324 @ 7.0% cap · market cap 8.71%
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
1,802
Businesses Nearby
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Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
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 - Raised-basement configuration includes flexible lower-level space for storage or workshop use.
Where is this duplex located?
The property is located at 929 N RENDON Street New Orleans, LA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 2,802‑square‑foot duplex with six bedrooms and three bathrooms; 0.1317‑acre lot in the X flood zone; Raised basement with flexible storage or workshop space
