Gentilly Duplex: Income-Producing Opportunity

4321 TOURO Street, New Orleans, LA 70122

View on Map

For Sale

$315,000

MULTI_FAMILY - New Orleans, LA

Property size:

2,500 SF

Price / SF:

$126/SF

HighLights

Strong income‑producing duplex in prime Gentilly location.
Versatile property suitable for investors or owner‑occupants.
Spacious 4‑bedroom, 2‑bath unit plus a 2‑bedroom, 1‑bath unit.
Off‑street parking and separate outdoor areas for each unit.
Updated kitchen and bathroom in one unit; appliances included in both.
Convenient location near CBD, Downtown New Orleans, I‑10, shopping, and Dillard University.

We can help!

Listing Contact

Tamike Veal

For Sale

$315,000

MULTI_FAMILY - New Orleans, LA

Property size:

2,500 SF

Price / SF:

$126/SF

Added:: Jan 23, 2026
Days on Market:: 140
Last Refresh:: Jun 12 at 11:06 am

Property Features for 4321 TOURO Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Off Street, Driveway
Patio and Porch features: Porch
Exterior features: Fence, Porch
Fencing: Fenced
Standard status: Active
APN: 4321-TOUROST
Size: 2,500 SF

Taxes and HOA fees

Tax 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

We can help!

Listing Contact

Tamike Veal

Listing agent Tamike Veal

Listing office Epique Realty 650 Poydras St., New Orleans, LA

Listing date Jan 23, 2026

MLS# 2539675 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

Strong income‑producing duplex in prime Gentilly location.
Versatile property suitable for investors or owner‑occupants.
Spacious 4‑bedroom, 2‑bath unit plus a 2‑bedroom, 1‑bath unit.
Off‑street parking and separate outdoor areas for each unit.
Updated kitchen and bathroom in one unit; appliances included in both.
Convenient location near CBD, Downtown New Orleans, I‑10, shopping, and Dillard University.

Overview

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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $25,901 @ 7.0% cap · market cap 8.22%

Second Best

Apartment 5plus

$321.4K

$281.2K – $375.0K (±1% cap)

NOI $22,498 @ 7.0% cap · market cap 7.14%

Theoretical Best

Office A

$654.2K

$572.4K – $763.2K (±1% cap)

NOI $45,792 @ 7.0% cap · market cap 14.54%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.061663
Latitude: 30.002329

Nearby Similar for Sale

$1,595,000

4,906 SF

Canal Street Automotive Investment Opportunity

Income-producing commercial property on Canal Street with long-term upside.

4243 CANAL Street, New Orleans, LA 70119

View Details
$2,199,000

3,987 SF

Mixed-Use Live/Work Building

Brand-new mixed-use building with a customizable first-floor white box and two residential units above, each with covered garage parking.

1825 SOPHIE WRIGHT Place, New Orleans, LA 70130

View Details
$215,000

3,847 SF

Gutted Warehouse with Office

Warehouse space gutted to studs with dedicated office and three full bathrooms for custom buildout.

1637 SERE Street, New Orleans, LA 70122

View Details
$575,000

1,428 SF

Historic Ground-Floor Office Space

Ground-floor office unit with 11-foot ceilings, exposed brick, storage, and a rear shared courtyard.

862 CAMP Street, New Orleans, LA 70130

View Details
$525,000

3,169 SF

Updated Duplex with Off-Street Parking

Freshly updated duplex on its own levels, with central HVAC, laundry hookups, and off-street parking.

2319 LOWERLINE Street, New Orleans, LA 70118

View Details
$565,000

2,522 SF

Turnkey New Construction Duplex

Newly built duplex with open-concept layouts, three en-suite baths per unit, and turnkey appliance package.

3107 TOULOUSE Street, New Orleans, LA 70119

View Details
$650,000

3,900 SF

Uptown New Orleans Multi-Family Property

Well-maintained 6-bedroom, 4-bath property near Tulane and Audubon Park.

2721 CALHOUN Street, New Orleans, LA 70118

View Details
$2,750,000

13,622 SF

Historic Mixed-Use Building, New Orleans

Historic 1844 building in the Warehouse District with mixed-use potential.

717 CAMP Street, New Orleans, LA 70130

View Details
$800,000

3,850 SF

Mixed-Use Commercial & Residential Property

Versatile property with restaurant, bar, retail, and residential spaces.

8009 DOWNMAN Road, New Orleans, LA 70126

View Details
$600,000

3,304 SF

Renovated Duplex in New Orleans

Luxurious, renovated duplex with income potential in New Orleans.

3905 ELYSIAN FIELDS Avenue, New Orleans, LA 70122

View Details
$2,700,000

7,626 SF

Restored Victorian Bed & Breakfast

Licensed 9-room B&B near St. Charles and Napoleon Avenues.

4117 PERRIER Street, New Orleans, LA 70115

View Details
$510,000

2,623 SF

Owner-Occupy Duplex with Sunroom

Two-bedroom, one-bath duplex with private laundry, updated kitchens, and off-street parking on a non-shotgun layout.

6727 LOUIS XIV Street, New Orleans, LA 70124

View Details

For sale
Duplexes
LA
New Orleans
70122
4321 TOURO Street

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: Strong income‑producing duplex in prime Gentilly location.; Versatile property suitable for investors or owner‑occupants.; Spacious 4‑bedroom, 2‑bath unit plus a 2‑bedroom, 1‑bath unit.

4321 TOURO Street, New Orleans, LA 70122

MULTI_FAMILY - New Orleans, LA

Property Features for 4321 TOURO Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Canal Street Automotive Investment Opportunity

Mixed-Use Live/Work Building

Gutted Warehouse with Office

Historic Ground-Floor Office Space

Updated Duplex with Off-Street Parking

Turnkey New Construction Duplex

Uptown New Orleans Multi-Family Property

Historic Mixed-Use Building, New Orleans

Mixed-Use Commercial & Residential Property

Renovated Duplex in New Orleans

Restored Victorian Bed & Breakfast

Owner-Occupy Duplex with Sunroom

FAQs

Create New Password