Duplex With Porch and Off-Street
For Sale
$299,000
204 CHEROKEE Street, New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
Property Size1,792 SF
Price / SF$166.85
Days on Market13
Property Features for 204 CHEROKEE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Exterior features
Porch
Lot features
Condo
Subdivision
Black Pearl
Standard status
Active
APN
204-CHEROKEEST
Size
1,792 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
cathedral ceilings
fireplace
laundry
front yard
rear patio
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Roof type
Metal
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Sandy Duplessis · License #099562625
(504) 756-7136
Added: Jul 23
Changed: Aug 4
Last Checked: Aug 4 at 3:06PM
MLS# 2569045
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex features two condominium-style sides, each with one bedroom and one bathroom. Both units include cathedral ceilings in the living room, a fireplace, in-unit laundry, and outdoor space with a small front yard and a rear patio. Off-street parking is available via driveway access, with space for one car per side. The property was built in 1985 and is served by public water, with a metal roof and central heating and central air conditioning.
The owner’s unit is currently rented, and the other side is tenant occupied through December 2026. The exterior includes a porch, and the home is located in Flood Zone X.
With separate living arrangements on each side, the layout can support either owner-occupancy with a tenant on the other side or leasing both sides. Practical unit features—fireplace, laundry, patio, and central HVAC—are shared across both units.
The owner’s unit is currently rented, and the other side is tenant occupied through December 2026. The exterior includes a porch, and the home is located in Flood Zone X.
With separate living arrangements on each side, the layout can support either owner-occupancy with a tenant on the other side or leasing both sides. Practical unit features—fireplace, laundry, patio, and central HVAC—are shared across both units.
Key Highlights
- Duplex with two condo‑style sides, each with one bed and one bath
- Central heating and central air conditioning in both units
- Each side includes cathedral ceilings, a fireplace, in‑unit laundry, and rear patio
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 | $35.5k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.4k | $18.09 |
| − OpEx | −$9.7k | −$5.43 |
| NOI | $22.7k | $12.66 |
1,792 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.2K
$283.6K – $378.2K
NOI $22,691 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$298.0K
$260.7K – $347.6K
NOI $20,857 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$455.5K
$398.5K – $531.4K
NOI $31,883 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each side offers one bedroom and one bath with central HVAC, porch, patio, and off-street driveway parking.
Where is this duplex located?
The property is located at 204 CHEROKEE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Duplex with two condo‑style sides, each with one bed and one bath; Central heating and central air conditioning in both units; Each side includes cathedral ceilings, a fireplace, in‑unit laundry, and rear patio
