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Gretna Duplex: Investment Opportunity

735-37 HANCOCK Street, Gretna, LA 70053

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For Sale

$334,900

MULTI_FAMILY - Gretna, LA

Property size:

1,829 SF

Lot size:

0.09 Acres

Price / SF:

$183/SF

HighLights

Strong investment potential, expect around $1,800/month rental income.
Duplex zoned for townhouse/duplex use; perfect for rental income or multi‑generational living.
Located in the heart of Old Gretna, enjoy convenient access to downtown New Orleans, schools, and amenities.
Each unit features a comfortable 3‑bedroom, 2‑bath layout with approximately 915 living square feet.
Recent updates and modern touches enhance livability.
Private yard offers desirable outdoor space.

We can help!

Listing Contact

Amber Hines

For Sale

$334,900

MULTI_FAMILY - Gretna, LA

Property size:

1,829 SF

Lot size:

0.09 Acres

Price / SF:

$183/SF

Added:: Apr 15, 2026
Days on Market:: 56
Last Refresh:: Jun 9 at 5:06 am

Property Features for 735-37 HANCOCK Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Off Street
Standard status: Active
APN: 0100000139
Size: 1,829 SF
Lot size: 0.09 Acres

Taxes and HOA fees

Tax Description: 1% INT IN 2024 GRETNA TAX SALE TO XK8 LLC 12533655 IN THE NAME OF R & L INVESTMENT & CONSTRUCTION LLC (3448/117)-16 FURMAN DR KENNER LA 70065 OWN

Utilities

Heating system: Central
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1985
Floors in Building: 1
Number of units: 2
Roof type: Shingle
Architectural style: Craftsman

We can help!

Listing Contact

Amber Hines

Listing agent Amber Hines

Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA

Listing date Apr 15, 2026

MLS# 2552527 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 investment potential, expect around $1,800/month rental income.
Duplex zoned for townhouse/duplex use; perfect for rental income or multi‑generational living.
Located in the heart of Old Gretna, enjoy convenient access to downtown New Orleans, schools, and amenities.
Each unit features a comfortable 3‑bedroom, 2‑bath layout with approximately 915 living square feet.
Recent updates and modern touches enhance livability.
Private yard offers desirable outdoor space.

Overview

This charming duplex is located in the heart of Old Gretna, offering strong investment or owner-occupant potential. The property features a 3-bedroom, 2-bath layout with approximately 915 living square feet per unit, situated on a 4,000 sq ft lot. Recent updates and modern touches enhance livability, while the private yard adds desirable outdoor space for tenants or owners. Constructed in 1985, this property is positioned on a rectangular lot in an established residential neighborhood with convenient access to downtown New Orleans, local schools, and amenities. Zoned for townhouse/duplex use, making it great for rental income or multi-generational living. The property offers 1,829 square feet of space. High rental demand in the area with recent lease activity around $1,800/month. This is a great opportunity to add value or expand your investment portfolio in a growing Westbank market.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$31.4k	$17.16
− Vacancy	−$2.7k	−$1.48
EGI	$28.7k	$15.68
− OpEx	−$8.6k	−$4.70
NOI	$20.1k	$10.97

1,829 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$286.7K

$250.9K – $334.5K (±1% cap)

NOI $20,072 @ 7.0% cap · market cap 5.99%

Second Best

Apartment 5plus

$268.1K

$234.6K – $312.7K (±1% cap)

NOI $18,764 @ 7.0% cap · market cap 5.60%

Theoretical Best

Office A

$482.5K

$422.2K – $563.0K (±1% cap)

NOI $33,778 @ 7.0% cap · market cap 10.09%

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: Gretna
County: Jefferson
State: Louisiana
Longitude: -90.048997
Latitude: 29.931787

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For sale
Duplexes
LA
Gretna
70053
735-37 HANCOCK Street

What type of property is this?

Duplex - Charming Gretna duplex with strong investment or owner-occupant potential.

Where is this duplex located?

The property is located at 735-37 HANCOCK Street Gretna, LA.

What is the asking price?

The asking price for this property is $334,900.

What are key features of this property?

This property features: Strong investment potential, expect around $1,800/month rental income.; Duplex zoned for townhouse/duplex use; perfect for rental income or multi‑generational living.; Located in the heart of Old Gretna, enjoy convenient access to downtown New Orleans, schools, and amenities.

735-37 HANCOCK Street, Gretna, LA 70053

MULTI_FAMILY - Gretna, LA

Property Features for 735-37 HANCOCK 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

Gretna Medical Office Building

New Gretna Fourplex Opportunity

Gretna Duplex Investment Opportunity

Single-Family Home with Workshop

Mixed-Use Property in Gretna, LA

Historical Gretna Home with Charm

Gretna Duplex For Sale

Dairy Queen Investment Opportunity

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