Gentilly Duplex: Income-Producing
For Sale
$315,000
4321 TOURO Street, New Orleans, LA 70122
MULTI_FAMILY - New Orleans, LA
Property Size2,500 SF
Price / SF$126
Days on Market189
Property Features for 4321 TOURO Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Lot features
Regular
Subdivision
Vascoville
Standard status
Active
APN
4321-TOUROST
Size
2,500 SF
Taxes and HOA fees
Tax Description
SQ 3078 TOURO ST LOT 10 40X155
Legal Description
SQ 3078 TOURO ST LOT 10 40X155
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Epique Realty
(888) 893-3537
Listed By:
Tamike Veal
(888) 893-3537
Added: Jan 23
Changed: Jul 13
Last Checked: Jul 31 at 7:06AM
MLS# 2539675
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 Gentilly, this well-maintained duplex presents an opportunity for investors and owner-occupants. The multi-family property sits on a lot and includes off-street parking, a spacious front porch, and separate outdoor areas for each unit. One unit features a 4-bedroom, 2-bath layout with closet space and a bonus room suitable for a home office or additional living area. The second unit offers a 2-bedroom, 1-bath setup with a recently updated kitchen and bathroom. Original hardwood floors are present, with tile accents in the kitchens, baths, and dining spaces. Both units are tenant occupied and include appliances, washer/dryer hookups, and individual storage sheds. The property is located minutes from the CBD, Downtown New Orleans, with access to I-10, and close to Gentilly shopping, Dillard University, and neighborhood conveniences. The property is approximately 2500 square feet. This duplex is suitable for generating income or living in one unit while renting the other.
Key Highlights
- 1980‑built Gentilly duplex with central heating and central air
- Duplex sits on a fenced lot and includes a front porch plus off‑street parking and driveway
- Tenant‑occupied units include appliances and washer/dryer hookups with individual storage sheds
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 | $40.5k | $16.20 |
| − Vacancy | −$3.5k | −$1.40 |
| EGI | $37.0k | $14.80 |
| − OpEx | −$11.1k | −$4.44 |
| NOI | $25.9k | $10.36 |
2,500 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.0K
$323.8K – $431.7K
NOI $25,901 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$321.4K
$281.2K – $375.0K
NOI $22,498 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$654.2K
$572.4K – $763.2K
NOI $45,792 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
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?
Duplex - Well-maintained Gentilly duplex, ideal for investors or owner-occupants.
Where is this duplex located?
The property is located at 4321 TOURO 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: 1980‑built Gentilly duplex with central heating and central air; Duplex sits on a fenced lot and includes a front porch plus off‑street parking and driveway; Tenant‑occupied units include appliances and washer/dryer hookups with individual storage sheds
