4072 STATE STREET Drive, New Orleans, LA 70125
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 5:06 pm
Property Features for 4072 STATE STREET Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 615114105
- Size
- 4,069 SF
Taxes and HOA fees
- Tax Description
- UP STA EX SQ LOT 34 PTS 32&36 65X97/ 99 4072 STATE ST DR & 4814 WALMSLEY DUP-B FILE #90334
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1943
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing agent Kim Carnegie License #995681108 (337) 522-7554
Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA (337) 522-7554
Listing date Jun 23, 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.
HighLights
- Duplex built in 1943, designed by naval architect Vladimir Friede in the 1940s
- Each unit offers 3 bedrooms and 2 bathrooms for a spacious, single‑family‑like layout
- Central HVAC with central air; includes new HVAC systems
- On‑demand water heaters and a whole‑home generator
- New roof; historic wood floors and distinctive architectural details
- Fenced property with sprinkler system; driveway and off‑street parking on both sides; public water
Overview
The home is positioned for practical day-to-day use, with parking directly accessible from both sides and grounds maintained with an installed sprinkler system. The combination of preserved features and modern replacements supports comfort across seasons while keeping the property’s original character intact.
This configuration can suit owner-occupants seeking a live-in setup with an additional unit, multigenerational households, or investors looking for a two-unit residential income property with in-place mechanical and exterior updates. With two full residences, each laid out as its own 3-bedroom, 2-bath home, it offers flexible occupancy options while maintaining a cohesive single-property experience.
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 | $80.6k | $19.80 |
| − Vacancy | −$7.0k | −$1.71 |
| EGI | $73.6k | $18.09 |
| − OpEx | −$22.1k | −$5.43 |
| NOI | $51.5k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.110062
- Latitude
- 29.953161
