Renovated Two-Unit
For Sale
$625,000
1039-41 POLAND Avenue, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size2,400 SF
Lot Size0.06 Acres
Price / SF$260.42
Days on Market490
Property Features for 1039-41 POLAND Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2
Parking
2
Parking features
Driveway
Exterior features
Permeable Paving
Subdivision
Bywater
Directions
From St Claude Ave turn south, (Riverside), to property on the East, (left, down river) side.
Standard status
Active
APN
39W205908
Size
2,400 SF
Lot size
0.06 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Description
SQ 349 LOT 11 26 X 100 1039-41 POLAND AVE
Legal Description
SQ 349 LOT 11 26 X 100 1039-41 POLAND AVE
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
HardiPlank Type
Buildings
1
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
Listed By:
John A Franco · License #995706988
(504) 908-7653
Added: Jun 21, 2025
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 2505936
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,400 square feet, with each residence configured as a three-bedroom, two-bathroom home. A 2020 renovation included the roof, HVAC, plumbing, electrical, insulation, siding, foundation, and framing. Historic millwork and high ceilings remain, and a separate storage area provides additional enclosed space.
The property is on Poland Avenue in New Orleans’ Bywater area, a few blocks from Crescent Park. It occupies a 0.0597-acre lot and includes driveway parking, central heating and air conditioning, permeable paving, public water and sewer, and natural gas availability.
The property is on Poland Avenue in New Orleans’ Bywater area, a few blocks from Crescent Park. It occupies a 0.0597-acre lot and includes driveway parking, central heating and air conditioning, permeable paving, public water and sewer, and natural gas availability.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,400 square feet on a 0.0597‑acre lot
- Renovated in 2020, including roof, HVAC, plumbing, electrical, insulation, siding, foundation, and framing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,390
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,800
$607.8K
Cap Rate 7%
$434,143
$434.1K
Cap Rate 9%
$337,667
$337.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$43.4K $18.09/SF
− OpEx
−$13.0K −$5.43/SF
NOI
$30.4K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,800
Cap Rate 7%
$434,143
Cap Rate 9%
$337,667
Alternative Uses
Best Use
Multifamily LT 5
$434.1K
$379.9K – $506.5K
NOI $30,390 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$399.0K
$349.2K – $465.6K
NOI $27,933 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$610.0K
$533.8K – $711.7K
NOI $42,700 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
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Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms and two bathrooms, with separate meters serving the units.
Where is this duplex located?
The property is located at 1039-41 POLAND Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,400 square feet on a 0.0597‑acre lot; Renovated in 2020, including roof, HVAC, plumbing, electrical, insulation, siding, foundation, and framing
