Multifamily Property with
For Sale
$425,000
420 S BERNADOTTE Street, New Orleans, LA 70119
Multi-Family, Shot Gun, New Orleans, LA
Property Size1,927 SF
Price / SF$220.55
Days on Market9
Property Features for 420 S BERNADOTTE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street, Driveway
Security features
Security
Patio and Porch features
Porch, Patio
Exterior features
Fence, Outdoor Entertainment Area Beyond Your Average Patio, Porch, Security Cameras
Fencing
Fenced
Lot features
Regular
Subdivision
Mid-City
Standard status
Active
APN
420-SBERNADOTTEST
Size
1,927 SF
Taxes and HOA fees
Tax Description
SQ 830 LOT F OR 24 SOUTH 2. BERNADOTTE 34 6X159 10 3. (5514 SQ FT) 4. 420-22 SO BERNADOTTE
Legal Description
SQ 830 LOT F OR 24 SOUTH 2. BERNADOTTE 34 6X159 10 3. (5514 SQ FT) 4. 420-22 SO BERNADOTTE
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered front porch
fireplace
deck
backyard
mural
Building Details
Year built
1926
Floors in Building
1
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
Cool Murphy, LLC
(504) 321-3194
Listed By:
Darcie Braai
(504) 723-5079
Added: Sep 28
Changed: Oct 2
Last Checked: Oct 6 at 11:06AM
MLS# 2578857
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 New Orleans multifamily property includes two residences, each configured with 2 bedrooms and 1 bath, plus a renovated tiny house serving as an ADU. Features include wood floors, a vaulted ceiling, French doors, and a fireplace in one residence, while the other has broad windows and a cheerful kitchen. A porch, fenced yard, patio, and deck provide outdoor space. Structural and foundation work, the roof, and HVAC systems have been upgraded. The building dates to 1926.
City Park, Bayou St. John, neighborhood restaurants, and the Canal streetcar are among the nearby destinations and transit options. The property is on S Bernadotte Street in New Orleans.
City Park, Bayou St. John, neighborhood restaurants, and the Canal streetcar are among the nearby destinations and transit options. The property is on S Bernadotte Street in New Orleans.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bath
- Renovated backyard tiny house configured as an ADU
- 1926 construction; structural and foundation work, roof, and HVAC systems upgraded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,401
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,020
$488.0K
Cap Rate 7%
$348,586
$348.6K
Cap Rate 9%
$271,122
$271.1K
Market Conditions
NOI Build-Up for 1,927 SF
Gross rent
$38.2K $19.80/SF
− Vacancy
−$3.3K −$1.71/SF
EGI
$34.9K $18.09/SF
− OpEx
−$10.5K −$5.43/SF
NOI
$24.4K $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%
$488,020
Cap Rate 7%
$348,586
Cap Rate 9%
$271,122
Alternative Uses
Best Use
Multifamily LT 5
$348.6K
$305.0K – $406.7K
NOI $24,401 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$320.4K
$280.4K – $373.8K
NOI $22,428 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$504.2K
$441.2K – $588.3K
NOI $35,296 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,290
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences each offer two bedrooms and one bath, complemented by a separate backyard dwelling.
Where is this multifamily property located?
The property is located at 420 S BERNADOTTE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bath; Renovated backyard tiny house configured as an ADU; 1926 construction; structural and foundation work, roof, and HVAC systems upgraded
