Renovated Double with Private
4621 DRYADES Street New Orleans, LA 70115
4621 DRYADES Street, New Orleans, LA, 70115
$610,000
Pending
For Sale
$610,000
Pending
MULTI_FAMILY - New Orleans, LA
Property Size2,061 SF
Lot Size0.09 Acres
Days on Market12
Property Features for 4621 DRYADES Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 614306917
- Size
- 2,061 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- SQ 479 LOT 23-A 30X135 4621-23 DRYADES ST DU-W FILE #95481 4/09 FILE #95481 4/09
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Cottage
Listing Agency
REVE, REALTORS
(504) 300-0700
4827 Prytania St, New Orleans, LA
Listed by
Tracey Moore · License #000073376
(504) 300-0700
Added: Jul 6 Checked: Jul 17 at 7:06 am
MLS# 2563265
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.
This renovated New Orleans double features an inviting front porch, lush landscaping, and a spacious L-shaped layout that includes a rear den and dining area opening to a private backyard and deck. The owner’s unit is configured as two bedrooms and two bathrooms and was renovated in 2019 with refinished hardwood floors, tall ceilings, cypress interior doors, and decorative fireplaces. A stylishly updated kitchen and bathrooms support a well-finished interior. The second unit is a one-bedroom, one-bath setup on the left side, suitable for rental income, a home office, or another personal business use. The property notes that the two units can be combined and transformed into a single-family home.
The property is located at 4621 Dryades Street in New Orleans, LA 70115 within a commercially zoned HU-B1 designation, described as allowing for a variety of retail options. Public remarks also reference a walkable neighborhood setting and nearby businesses including French Truck Coffee, Manale’s, and Charlie’s Steakhouse.
For buyers and operators, the combination of two separate units, the option to combine them, and the stated HU-B1 commercial zoning can support multiple use strategies, from traditional rental to live-work or retail-oriented occupancy, depending on an operator’s intended plan. The outdoor deck and large private backyard add practical space for tenant experience or day-to-day entertaining.
The property is located at 4621 Dryades Street in New Orleans, LA 70115 within a commercially zoned HU-B1 designation, described as allowing for a variety of retail options. Public remarks also reference a walkable neighborhood setting and nearby businesses including French Truck Coffee, Manale’s, and Charlie’s Steakhouse.
For buyers and operators, the combination of two separate units, the option to combine them, and the stated HU-B1 commercial zoning can support multiple use strategies, from traditional rental to live-work or retail-oriented occupancy, depending on an operator’s intended plan. The outdoor deck and large private backyard add practical space for tenant experience or day-to-day entertaining.
Key Highlights
- New Orleans double with front porch, fenced exterior, and shingle roof
- Owner’s unit: 2 bed / 2 bath L‑shaped layout, renovated in 2019 with refinished hardwood floors and tall ceilings
- Owner’s unit features cypress interior doors and decorative fireplaces
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 | $27.7k | $13.44 |
| − Vacancy | −$2.4k | −$1.16 |
| EGI | $25.3k | $12.28 |
| − OpEx | −$7.6k | −$3.68 |
| NOI | $17.7k | $8.60 |
2,061 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.1K
$221.4K – $295.3K
NOI $17,715 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$224.3K
$196.3K – $261.7K
NOI $15,703 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$543.8K
$475.8K – $634.4K
NOI $38,063 @ 7.0% cap · market cap 6.24%
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 - Renovated two-unit double offers a flexible layout with a sizable private backyard and commercially zoned versatility.
Where is this duplex located?
The property is located at 4621 DRYADES Street New Orleans, LA.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: New Orleans double with front porch, fenced exterior, and shingle roof; Owner’s unit: 2 bed / 2 bath L‑shaped layout, renovated in 2019 with refinished hardwood floors and tall ceilings; Owner’s unit features cypress interior doors and decorative fireplaces
