Condo Duplex with Off-Street
204 CHEROKEE Street New Orleans, LA 70118
New
For Sale
$299,000
MULTI_FAMILY - New Orleans, LA
Property Size1,792 SF
Price / SF$166.85
Days on Market2
Property Features for 204 CHEROKEE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 204-CHEROKEEST
- Size
- 1,792 SF
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Metal
- Architectural style
- Other
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Sandy Duplessis · License #099562625
(504) 756-7136
Added: Jul 23
Last Checked: Jul 24 at 6:06AM
MLS# 2569045
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.
This condo duplex features two separate 1 bed/1 bath units. Both sides include cathedral ceilings in the living room, a fireplace, laundry area, a small front yard, a rear patio, and off-street parking for one car. The owner’s unit has been updated and is currently vacant, while the other side is tenant occupied.
The property is located in New Orleans’ Black Pearl neighborhood and is described as being just a few blocks from Audubon Park, the St. Charles streetcar line, Uptown Universities, and the Mississippi River levee.
Flood zone X is noted for the property. The duplex is offered for sale at 204 Cherokee Street, New Orleans, LA 70118.
The property is located in New Orleans’ Black Pearl neighborhood and is described as being just a few blocks from Audubon Park, the St. Charles streetcar line, Uptown Universities, and the Mississippi River levee.
Flood zone X is noted for the property. The duplex is offered for sale at 204 Cherokee Street, New Orleans, LA 70118.
Key Highlights
- Condo duplex built in 1985 with central heating and central A/C
- Both sides offer 1 bed/1 bath with cathedral ceilings in the living room
- Each unit includes a fireplace, laundry area, small front yard, rear patio, and off‑street parking for 1 car
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 | $35.5k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.4k | $18.09 |
| − OpEx | −$9.7k | −$5.43 |
| NOI | $22.7k | $12.66 |
1,792 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.2K
$283.6K – $378.2K
NOI $22,691 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$298.0K
$260.7K – $347.6K
NOI $20,857 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$455.5K
$398.5K – $531.4K
NOI $31,883 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Each side offers 1 bed/1 bath, cathedral ceilings, laundry, rear patio, small front yard, and parking for one car.
Where is this duplex located?
The property is located at 204 CHEROKEE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Condo duplex built in 1985 with central heating and central A/C; Both sides offer 1 bed/1 bath with cathedral ceilings in the living room; Each unit includes a fireplace, laundry area, small front yard, rear patio, and off‑street parking for 1 car
