Arts and Crafts Duplex with
For Sale
$875,000
1452-54 Verna Court, New Orleans, LA 70119
Two-unit property with historic architectural details, an updated upper-level bath, and covered outdoor space.
Property Size2,533 SF
Price / SF$345.44
Days on Market221
Property Features for 1452-54 Verna Court
General Information
Standard status
Active
Size
2,533 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Additional Details
Multifamily Units
2
Amenities
Central Air
Central
2
3
4
Inside
Asphalt
Other
Balcony
Pillar/Post/Pier
Wood Siding
Building Details
Year Built
1927
Buildings
1
Construction
Arts and Crafts
Listing Agency:
REVE, REALTORS
Listed By:
Lara Schultz · License #000075293
(504) 338-2587
Source:
Compass
Added: Mar 13
Changed: Oct 19
Last Checked: Oct 19 at 8:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REVE, REALTORS
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Investment Insights
Based on property information with market context.
This 1927 Arts and Crafts duplex contains 2,533 square feet across two units. Original cypress molding, grand fireplaces, antique heart pine floors, and 12-foot ceilings preserve the character of the home. The upper unit includes a foyer, primary suite with double closets, updated bath, chef’s kitchen, living area, and two bedrooms with access to a second-floor balcony. The lower unit offers substantial storage, a kitchen with brick flooring, and a covered rear patio.
Located at 1452-54 Verna Court, the property sits on a street that terminates at the Fairgrounds, home to Jazz Fest. Restaurants, grocery stores, Bayou St. John, and the New Orleans Museum of Art are all identified nearby. The roof was replaced in 2021, and the property is in an X Flood Zone. The layout also allows for customization or conversion to a single-family residence.
Located at 1452-54 Verna Court, the property sits on a street that terminates at the Fairgrounds, home to Jazz Fest. Restaurants, grocery stores, Bayou St. John, and the New Orleans Museum of Art are all identified nearby. The roof was replaced in 2021, and the property is in an X Flood Zone. The layout also allows for customization or conversion to a single-family residence.
Key Highlights
- 2,533‑square‑foot duplex built in 1927
- 12‑foot ceilings, cypress molding, grand fireplaces, and antique heart pine floors
- Upper unit includes primary suite, updated bath, chef’s kitchen, and second‑floor balcony access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,074
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,480
$641.5K
Cap Rate 7%
$458,200
$458.2K
Cap Rate 9%
$356,378
$356.4K
Market Conditions
NOI Build-Up for 2,533 SF
Gross rent
$50.2K $19.80/SF
− Vacancy
−$4.3K −$1.71/SF
EGI
$45.8K $18.09/SF
− OpEx
−$13.7K −$5.43/SF
NOI
$32.1K $12.66/SF
Area
ZIP 70119
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%
$641,480
Cap Rate 7%
$458,200
Cap Rate 9%
$356,378
Alternative Uses
Best Use
Multifamily LT 5
$458.2K
$400.9K – $534.6K
NOI $32,074 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$421.2K
$368.5K – $491.4K
NOI $29,481 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$662.8K
$580.0K – $773.3K
NOI $46,396 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,119
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with historic architectural details, an updated upper-level bath, and covered outdoor space.
Where is this duplex located?
The property is located at 1452-54 Verna Court New Orleans, LA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2,533‑square‑foot duplex built in 1927; 12‑foot ceilings, cypress molding, grand fireplaces, and antique heart pine floors; Upper unit includes primary suite, updated bath, chef’s kitchen, and second‑floor balcony access
