Renovated Duplex with In-Unit
1913-15 FOURTH Street New Orleans, LA 70113
New
1913-15 FOURTH Street, New Orleans, LA, 70113
$325,000
For Sale
$325,000
MULTI_FAMILY - New Orleans, LA
Property Size1,310 SF
Lot Size0.07 Acres
Price / SF$248.09
Days on Market2
Property Features for 1913-15 FOURTH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- 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
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1919
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing Agency
McEnery Residential, LLC
(504) 605-4400
4901 Magazine Street, New Orleans, LA
Listed by
Suzanna Dishman
(504) 605-4400
Added: Jul 17 Checked: Jul 18 at 3:06 pm
MLS# 2568259
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.
Investment Insights
Based on property information with market context.
Renovated in 2019, this duplex features two distinct residences with in-unit laundry for each unit. The owner’s unit offers three bedrooms and one bathroom with generous living space and private access to a fenced backyard with a covered patio. The second unit provides one bedroom, one bathroom, and its own in-unit laundry. A welcoming front yard and abundant natural light carry through the flowing floor plans, and an oversized covered front porch offers additional outdoor space. Furniture is negotiable, and with an acceptable offer, both units may be conveyed fully furnished.
The property is located in an X Preferred Flood Zone and is approximately three blocks from St. Charles Avenue and the Mardi Gras parade route. It is minutes from restaurants, shopping, and the activity along St. Charles Avenue and Baronne Street.
This move-in-ready duplex supports flexible use for owner-occupants or as a rental property, with the ability to arrange long- or short-term rental income as desired.
The property is located in an X Preferred Flood Zone and is approximately three blocks from St. Charles Avenue and the Mardi Gras parade route. It is minutes from restaurants, shopping, and the activity along St. Charles Avenue and Baronne Street.
This move-in-ready duplex supports flexible use for owner-occupants or as a rental property, with the ability to arrange long- or short-term rental income as desired.
Key Highlights
- Renovated duplex originally built in 1919 with central heating and central air
- Each unit has in‑unit laundry and includes separate living space
- Owner’s unit features 3 bedrooms, 1 bathroom, and private access to a fenced backyard with covered patio
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 | $25.9k | $19.80 |
| − Vacancy | −$2.2k | −$1.71 |
| EGI | $23.7k | $18.09 |
| − OpEx | −$7.1k | −$5.43 |
| NOI | $16.6k | $12.66 |
1,310 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$237.0K
$207.4K – $276.5K
NOI $16,588 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,247 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$333.0K
$291.3K – $388.5K
NOI $23,307 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated duplex with in-unit laundry in both units, fenced backyard with covered patio, and a covered front porch.
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 $325,000.
What are key features of this property?
This property features: Renovated duplex originally built in 1919 with central heating and central air; Each unit has in‑unit laundry and includes separate living space; Owner’s unit features 3 bedrooms, 1 bathroom, and private access to a fenced backyard with covered patio
