Renovated Double in Leonidas
8919-21 GREEN Street, New Orleans, LA 70118
- Added:
- Apr 7, 2026
- Days on Market:
- 57
- Last Refresh:
- Jun 2 at 4:06 am
Property Features for 8919-21 GREEN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 716208617
- Size
- 1,700 SF
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Logan Macrae License #995705752 (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date Apr 7, 2026
MLS# 2550238
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
- Fully renovated double (both units 2BR/1BA) featuring updated kitchens and all‑new major systems (roof, HVAC, plumbing, and electrical) completed in 2017.
- Excellent location in the Leonidas neighborhood, near Lycee Francais campus and Oak Street corridor.
- Opportunity for long‑term investment or mortgage‑offsetting owner‑occupancy.
- Large backyard divided by a privacy fence, providing dedicated outdoor space for each unit.
- Located in an area of robust growth and active new construction.
- Turnkey property ready for immediate occupancy or rental.
Overview
Located in the Leonidas neighborhood, the property at 8919-21 Green St presents an opportunity for long-term investment or owner-occupancy. This renovated double features two units, each with two bedrooms and one bathroom. A comprehensive renovation in 2017 included updated kitchens and new major systems, such as the roof, HVAC, plumbing, and electrical. The exterior includes a large backyard divided by a privacy fence, providing dedicated outdoor space for each unit. Situated in an area of growth and new construction, the property is located three blocks from the Lycee Francais campus and within walking distance of the Oak Street corridor. The property allows capitalizing on the neighborhood's growth.
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 | $33.7k | $19.80 |
| − Vacancy | −$2.9k | −$1.71 |
| EGI | $30.8k | $18.09 |
| − OpEx | −$9.2k | −$5.43 |
| NOI | $21.5k | $12.66 |
1,700 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.5K
$269.1K – $358.8K
NOI $21,526 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$282.7K
$247.3K – $329.8K
NOI $19,786 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$432.1K
$378.1K – $504.1K
NOI $30,246 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.132863
- Latitude
- 29.956694
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Renovated double in growing neighborhood, ideal for investment or occupancy.
Where is this duplex located?
The property is located at 8919-21 GREEN 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: Fully renovated double (both units 2BR/1BA) featuring updated kitchens and all‑new major systems (roof, HVAC, plumbing, and electrical) completed in 2017.; Excellent location in the Leonidas neighborhood, near Lycee Francais campus and Oak Street corridor.; Opportunity for long‑term investment or mortgage‑offsetting owner‑occupancy.
