Spacious Multi-Level New Orleans
4321 S DERBIGNY Street, New Orleans, LA 70125
- Added:
- Apr 9, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 2 at 8:06 pm
Property Features for 4321 S DERBIGNY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, Porch
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 4321-SDERBIGNYST
- Size
- 3,020 SF
Taxes and HOA fees
- Tax Description
- SQ 705 LOT 21 30X137 4321-23 S DERBIGNY DU-W FILE #81199 9/00 FAM
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1927
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Brittany Picolo (504) 862-0100
Listing office Keller Williams Realty New Orleans 8601 Leake Ave., New Orleans, LA (504) 862-0100
Listing date Apr 9, 2026
MLS# 2551236
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.
HighLights
- Qualifies for a $6,000 internal grant with no income limit.
- Boasting over 3,000 sq ft of living space, this property features 6 bedrooms and 4 baths, perfect for flexible living or rental income.
- Features two separate units (4321 and 4323), each with a full kitchen and living areas, great for multi‑generational living or rental opportunities.
- Unit 4323 includes a primary suite with a private bath and walk‑in closet, plus a substantial private backyard with a wooden deck and shed.
- Includes desirable features such as wood flooring, stainless steel appliances, in‑unit laundry, and updated fixtures.
- Conveniently located with easy access to major corridors, universities, medical centers, and local dining.
Overview
This multi-level property in New Orleans offers over 3,000 square feet of living space. The 6-bedroom, 4-bath residence provides flexibility for owner-occupants, multi-generational living, or income-producing potential. The first floor unit features a functional layout with a large living area, dedicated dining space, and a well-appointed kitchen with ample cabinetry, generous counter space, and stainless steel appliances. This unit has 3 bedrooms and 2 full baths, allowing for convenient single-floor living options, and a small private fenced patio. The second floor unit expands the living space with an additional full kitchen, a balcony, living and dining areas creating a setup for separate living quarters or rental opportunities. The spacious primary suite includes a private bath and walk-in closet, while additional 2 bedrooms offer comfortable accommodations with natural light and storage. The unit has a substantial size private backyard with a wooden deck and a shed for extra storage. Interior features include wood flooring, tile in wet areas, recessed lighting, in-unit laundry and updated fixtures throughout. Exterior highlights include a covered front porch, balcony, off-street parking, and a large rear deck. Located with convenient access to major corridors, universities, medical centers, and local dining, this property presents value with multiple use possibilities.
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 | $59.8k | $19.80 |
| − Vacancy | −$5.2k | −$1.71 |
| EGI | $54.6k | $18.09 |
| − OpEx | −$16.4k | −$5.43 |
| NOI | $38.2k | $12.66 |
3,020 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$546.3K
$478.0K – $637.4K
NOI $38,241 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$502.1K
$439.4K – $585.8K
NOI $35,149 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$767.6K
$671.6K – $895.5K
NOI $53,731 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.102956
- Latitude
- 29.941647
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Versatile 6-bedroom, 4-bath residence with income-producing potential.
Where is this duplex located?
The property is located at 4321 S DERBIGNY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Qualifies for a $6,000 internal grant with no income limit.; Boasting over 3,000 sq ft of living space, this property features 6 bedrooms and 4 baths, perfect for flexible living or rental income.; Features two separate units (4321 and 4323), each with a full kitchen and living areas, great for multi‑generational living or rental opportunities.
