Craftsman
For Sale
$875,000
1452 VERNA Court, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size2,533 SF
Price / SF$345.44
Days on Market109
Property Features for 1452 VERNA Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
Driveway
Directions
https://www.google.com/maps/place/1452+Verna+Ct,+New+Orleans,+LA+70119/@29.9825784,-90.0880361,17z/data=!3m1!4b1!4m6!3m5!1s0x8620af5a5f3b3a4f:0x87c4d021d52ab309!8m2!3d29.9825784!4d-90.0854612!16s%2Fg%2F11cpncy3cx?entry=ttu&g_ep=EgoyMDI2MDYyOS4wIKXMDSoASAF
Standard status
Active
APN
37W309207
Size
2,533 SF
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Description
1. ARCADIA CT SQ C LOT 12 A 2. VERNA 45 X 100 3. DUPLEX 2/STORY 12/RM S/R
Legal Description
1. ARCADIA CT SQ C LOT 12 A 2. VERNA 45 X 100 3. DUPLEX 2/STORY 12/RM S/R
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
porch
stained-glass gable
original cypress millwork
heart-pine floors
wood-burning fireplaces
granite counters
stainless appliances
exposed brick chimney
spa-style bath
balconies
back porch
yard
abundant storage
Building Details
Year built
1927
Number of units
2
Flooring type
Tile, Wood, Brick
Building materials
Wood Siding
Architectural style
Craftsman
Buildings
1
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Lara G Schultz · License #000075293
(504) 338-2587
Added: Jul 7
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2566323
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.
Built in 1927, this 2,533-square-foot Craftsman duplex contains two residences with separate utilities. The upper unit has 1,297 square feet, three bedrooms, and two full bathrooms; its updated kitchen includes granite counters and stainless appliances. The 1,236-square-foot lower unit has one bedroom, one full bathroom, and a galley kitchen. Both homes retain features including 12-foot ceilings, cypress millwork, heart-pine floors, and wood-burning fireplaces. Balconies serve the upper unit, while the lower unit opens to a back porch and yard. The roof was replaced in 2021, and both AC systems were replaced in 2026.
The property is at the end of a cul-de-sac near the Fair Grounds. City Park, the New Orleans Museum of Art, Bayou St. John, and Esplanade Avenue are among the nearby destinations. The property is in an X flood zone and has driveway parking.
The property is at the end of a cul-de-sac near the Fair Grounds. City Park, the New Orleans Museum of Art, Bayou St. John, and Esplanade Avenue are among the nearby destinations. The property is in an X flood zone and has driveway parking.
Key Highlights
- Two‑unit property with 2,533 square feet total
- Upper residence: 1,297 square feet, 3 bedrooms, and 2 full bathrooms
- Lower residence: 1,236 square feet, 1 bedroom, and 1 full bathroom
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.
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Lease Details
2
Residential units
Yes
Utilities to site
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences have separate utilities, kitchens, and private outdoor spaces.
Where is this duplex located?
The property is located at 1452 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: Two‑unit property with 2,533 square feet total; Upper residence: 1,297 square feet, 3 bedrooms, and 2 full bathrooms; Lower residence: 1,236 square feet, 1 bedroom, and 1 full bathroom
