4033 PALMYRA Street New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
- Added:
- Mar 9, 2026
- Days on Market:
- 126
- Last Refresh:
- Jul 12 at 11:06 am
Property Features for 4033 PALMYRA Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 105304409
- Size
- 3,070 SF
Taxes and HOA fees
- Tax Description
- SQ 757 PT LOT 13 12 PALMYRA 34X159 10 4033-35 PALMYRA M/A CHANGES 11-22-05
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Katie Witry License #995710150 (504) 453-2277
Listing office Witry Collective, L.L.C. 3640 Magazine St, New Orleans, LA (504) 291-2022
Listing date Mar 9, 2026
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.
The duplex is located just off S. Carrollton Avenue, one block from both the Carrollton and Canal Streetcar transit lines, with easy navigation to 1-10, City Park, and MidCity restaurants and local shops.
Each side is currently rented, and leases are available for review. Updates include updated plumbing, new water heaters purchased in 2023, and new AC units purchased in 2020.
Key Highlights
- Classic MidCity double on S. Carrollton Avenue, one block from both the Carrollton and Canal Streetcar lines
- Larger lot size of 34x159 with 3,070 SF total
- Each side has 3 bedrooms and a shotgun layout, plus 2 independent baths per side
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 | $60.8k | $19.80 |
| − Vacancy | −$5.3k | −$1.71 |
| EGI | $55.5k | $18.09 |
| − OpEx | −$16.7k | −$5.43 |
| NOI | $38.9k | $12.66 |
