Renovated Duplex with Covered
For Sale
$319,000
1913-15 FOURTH Street, New Orleans, LA 70113
Multi-Family, Shot Gun, New Orleans, LA
Property Size1,310 SF
Lot Size0.07 Acres
Price / SF$243.51
Days on Market94
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
Lot features
Regular
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
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
front yard
covered patio
in-unit laundry
fenced backyard
covered front porch
Building Details
Year built
1919
Floors in Building
1
Number of units
2
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
McEnery Residential, LLC
(504) 605-4400
Listed By:
Suzanna Dishman
(917) 842-2971
Added: Jul 17
Changed: Oct 13
Last Checked: Oct 18 at 4:06PM
MLS# 2568259
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.
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Investment Insights
Based on property information with market context.
Renovated in 2019, this 1,310-square-foot duplex includes a three-bedroom, one-bath owner's unit and a separate one-bedroom, one-bath residence. The larger unit provides generous living areas, in-unit laundry, private backyard access, and a traditional primary bedroom layout. The second unit also includes its own in-unit laundry.
Outdoor features include an oversized covered front porch, a fenced backyard, and a covered patio. The property was built in 1919 and is served by central heating, central air, and public water. Its location is three blocks from St. Charles Avenue and the Mardi Gras parade route, with restaurants and shopping near St. Charles Avenue and Baronne Street. The property is in an X Preferred Flood Zone.
Outdoor features include an oversized covered front porch, a fenced backyard, and a covered patio. The property was built in 1919 and is served by central heating, central air, and public water. Its location is three blocks from St. Charles Avenue and the Mardi Gras parade route, with restaurants and shopping near St. Charles Avenue and Baronne Street. The property is in an X Preferred Flood Zone.
Key Highlights
- Renovated in 2019
- Two units: 3 bedrooms/1 bath and 1 bedroom/1 bath
- 1,310 square feet with in‑unit laundry in both residences
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.
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Current Use
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer flexible owner-occupant or rental use in a historic New Orleans property.
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: Renovated in 2019; Two units: 3 bedrooms/1 bath and 1 bedroom/1 bath; 1,310 square feet with in‑unit laundry in both residences
