Duplex with Private
735-37 HANCOCK Street Gretna, LA 70053
For Sale
$334,900
Pending
MULTI_FAMILY - Gretna, LA
Property Size1,829 SF
Lot Size0.09 Acres
Days on Market101
Property Features for 735-37 HANCOCK Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Pending
- 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
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Amber Hines · License #995716810
(337) 522-7554
Added: Apr 15
Changed: Jul 2
Last Checked: Jul 24 at 1:06PM
MLS# 2552527
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 duplex offers a practical two-unit setup with each side featuring a 3-bedroom, 2-bath layout and approximately 915 living square feet per unit. The property was built in 1985 and includes recent updates and modern touches designed to support day-to-day livability. Outside, the asset benefits from a private yard area on a rectangular 4,000-square-foot lot, providing additional outdoor space for either tenants or an owner-occupant.
Located in the heart of Old Gretna in an established residential neighborhood, the property provides convenient access to downtown New Orleans, local schools, and nearby amenities. The listing also notes that the property is zoned for townhouse/duplex use, aligning with the current duplex configuration.
For buyers seeking an owner-occupied setup or investors looking for a straightforward income property, the unit mix and zoning support flexible occupancy options. Recent lease activity is noted around $1,800 per month, which may be relevant for underwriting and leasing discussions. Overall, this is a duplex designed for rental income or multi-generational living, with outdoor space and updates already in place.
Located in the heart of Old Gretna in an established residential neighborhood, the property provides convenient access to downtown New Orleans, local schools, and nearby amenities. The listing also notes that the property is zoned for townhouse/duplex use, aligning with the current duplex configuration.
For buyers seeking an owner-occupied setup or investors looking for a straightforward income property, the unit mix and zoning support flexible occupancy options. Recent lease activity is noted around $1,800 per month, which may be relevant for underwriting and leasing discussions. Overall, this is a duplex designed for rental income or multi-generational living, with outdoor space and updates already in place.
Key Highlights
- Duplex built in 1985 in Old Gretna with central heating and central A/C
- 3‑bedroom, 2‑bath layout with approximately 915 living SF per unit
- 4,000 sq ft lot on a rectangular parcel with off‑street parking
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 | $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
NOI $20,072 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$268.1K
$234.6K – $312.7K
NOI $18,764 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$482.5K
$422.2K – $563.0K
NOI $33,778 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex in Old Gretna with updated interiors and private outdoor space for flexible living or rental use.
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: Duplex built in 1985 in Old Gretna with central heating and central A/C; 3‑bedroom, 2‑bath layout with approximately 915 living SF per unit; 4,000 sq ft lot on a rectangular parcel with off‑street parking
