Mid-City Income
411 S HENNESSEY Street New Orleans, LA 70119
411 S HENNESSEY Street, New Orleans, LA, 70119
$315,000
For Sale
$315,000
MULTI_FAMILY - New Orleans, LA
Property Size2,027 SF
Price / SF$155.40
Days on Market131
Property Features for 411 S HENNESSEY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 105306910
- Size
- 2,027 SF
Taxes and HOA fees
- Tax Description
- SQ 798 LOT 12 HENNESSEY 34 6 X157 2
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1973
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Crane Realtors
(504) 210-2014
138 N Cortez Street, New Orleans, LA
Listed by
Aaron Dare · License #995681183
(504) 899-8666
Added: Mar 9 Checked: Jul 17 at 10:06 pm
MLS# 2544577
Listing URL
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.
Located in Mid-City, just off Banks Street, this property offers rental potential in a walkable area surrounded by restaurants and coffee shops. Hardwood floors run throughout the living spaces, complemented by tall ceilings and a traditional layout that allows for an easy flow from room to room. The front porch adds outdoor space and charm. The backyard is divided, creating defined outdoor areas and added privacy for each unit. The property is separately metered for water, gas, and electric, providing the ability for tenant-paid utilities. A driveway provides off-street parking on the 411 side. A new roof was installed in 2022. With its Mid-City location and income-producing setup, this property presents an opportunity for investors or buyers seeking flexibility and long-term growth in a high-demand area. The property size is 2027 square feet.
Key Highlights
- Strong rental potential in a highly desirable, walkable Mid‑City location near restaurants and shops.
- Separately metered utilities (water, gas, and electric) allow for tenant‑paid utilities.
- New roof installed in 2022.
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 | $40.1k | $19.80 |
| − Vacancy | −$3.5k | −$1.71 |
| EGI | $36.7k | $18.09 |
| − OpEx | −$11.0k | −$5.43 |
| NOI | $25.7k | $12.66 |
2,027 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$366.7K
$320.8K – $427.8K
NOI $25,667 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$337.0K
$294.9K – $393.2K
NOI $23,592 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$530.4K
$464.1K – $618.8K
NOI $37,128 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Income-producing duplex in walkable Mid-City location.
Where is this duplex located?
The property is located at 411 S HENNESSEY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Strong rental potential in a highly desirable, walkable Mid‑City location near restaurants and shops.; Separately metered utilities (water, gas, and electric) allow for tenant‑paid utilities.; New roof installed in 2022.
