Duplex with Covered
For Sale
$319,000
1913-15 FOURTH Street, New Orleans, LA 70113
Multifamily, New Orleans, LA
Property Size1,310 SF
Lot Size0.07 Acres
Price / SF$243.51
Days on Market99
Property Features for 1913-15 FOURTH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
Patio and Porch features
Porch
Standard status
Active
APN
412202417
Size
1,310 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
SQ 274 LOT 16 FOURTH ST 30X96 = 2880 SQ FT DBLE 1913/15 FOURTH ST FILE #17332
Legal Description
SQ 274 LOT 16 FOURTH ST 30X96 = 2880 SQ FT DBLE 1913/15 FOURTH ST FILE #17332
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
covered front porch
fenced backyard
covered patio
Building Details
Year built
1919
Number of units
2
Building materials
HardiPlank Type
Architectural style
Shotgun
Buildings
1
Listing Agency:
McEnery Residential, LLC (MCEN02)
(504) 605-4400
Listed By:
Suzanna Dishman · License #995695425
(917) 842-2971
Added: Jul 17
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2568259
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.
Renovated in 2019, this two-unit property contains 1,310 square feet on a 0.0661-acre lot. The larger residence has three bedrooms, one bathroom, living areas, and laundry; the second has one bedroom, one bathroom, and its own laundry. A covered front porch and fenced backyard with a covered patio add outdoor space. Central heating and central air serve the property, with public water and public sewer connections.
The address is three blocks from St. Charles Avenue and the Mardi Gras parade route, with Baronne Street, restaurants, and shopping also nearby. The property is in an X Preferred Flood Zone.
The address is three blocks from St. Charles Avenue and the Mardi Gras parade route, with Baronne Street, restaurants, and shopping also nearby. The property is in an X Preferred Flood Zone.
Key Highlights
- Two‑unit property with 1,310 square feet on a 0.0661‑acre lot
- Renovated in 2019
- Unit mix: one three‑bedroom, one‑bathroom residence and one one‑bedroom, one‑bathroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,588
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,760
$331.8K
Cap Rate 7%
$236,971
$237.0K
Cap Rate 9%
$184,311
$184.3K
Market Conditions
NOI Build-Up for 1,310 SF
Gross rent
$25.9K $19.80/SF
− Vacancy
−$2.2K −$1.71/SF
EGI
$23.7K $18.09/SF
− OpEx
−$7.1K −$5.43/SF
NOI
$16.6K $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%
$331,760
Cap Rate 7%
$236,971
Cap Rate 9%
$184,311
Alternative Uses
Best Use
Multifamily LT 5
$237.0K
$207.4K – $276.5K
NOI $16,588 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,247 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$333.0K
$291.3K – $388.5K
NOI $23,307 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,431
Businesses Nearby
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Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer separate in-unit laundry and distinct bedroom configurations.
Where is this duplex located?
The property is located at 1913-15 FOURTH Street New Orleans, LA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two‑unit property with 1,310 square feet on a 0.0661‑acre lot; Renovated in 2019; Unit mix: one three‑bedroom, one‑bathroom residence and one one‑bedroom, one‑bathroom residence
