Corner-Lot Duplex With Screened
244 46 Pacific Avenue New Orleans, LA 70114
244 46 Pacific Avenue, New Orleans, LA, 70114
$350,000
For Sale
$350,000
Top/bottom duplex on a corner lot with screened-in porches, private laundry rooms, and central air/heat for each unit.
Property Size2,146 SF
Price / SF$163.09
Days on Market91
Property Features for 244 46 Pacific Avenue
General Information
- Standard status
- Active
- Size
- 2,146 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1950
Listing agency
Re/Max N. O. Properties
(504) 616-3462
Listed by
Ryan Halsrud · License #1164060
(504) 616-3462
Source
Nolalivingrealty
Added: Apr 23 Updated: Jul 21 at 10:58AM Checked: Jul 22 at 5:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max N. O. Properties
Investment Insights
Based on property information with market context.
This charming top/bottom duplex offers two independently equipped units, each featuring 2 bedrooms and 1 bathroom. The property includes screened-in porches for both units, along with private laundry rooms and its own central air/heat system per unit for added comfort and independence. Interior details include solid wood trim around doors and windows and picture frame molding. The upstairs unit features refinished solid wood floors and a traditional kitchen and bath with solid wood cabinetry and vinyl flooring in the kitchen. The downstairs unit offers a mix of updates, including laminate wood flooring in living areas and bedrooms, and a kitchen with granite countertops, vinyl flooring, and solid wood cabinets.
Situated on a corner lot, the property is positioned in the heart of Algier’s Point, approximately a block and a half from the Mississippi River and within short distance to the ferry.
Additional exterior and convenience features include freshly painted exterior surfaces and off-street parking in a large backyard.
Situated on a corner lot, the property is positioned in the heart of Algier’s Point, approximately a block and a half from the Mississippi River and within short distance to the ferry.
Additional exterior and convenience features include freshly painted exterior surfaces and off-street parking in a large backyard.
Key Highlights
- Top/bottom duplex built in 1950 on a corner lot in Algier's Point.
- Each unit has 2 bedrooms, 1 bathroom, and approximately 1,073 sq ft of living space.
- Both units feature screened‑in porches and private laundry rooms.
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 | $42.5k | $19.80 |
| − Vacancy | −$3.7k | −$1.71 |
| EGI | $38.8k | $18.09 |
| − OpEx | −$11.6k | −$5.43 |
| NOI | $27.2k | $12.66 |
2,146 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$388.2K
$339.7K – $452.9K
NOI $27,174 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$356.8K
$312.2K – $416.3K
NOI $24,977 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$545.4K
$477.3K – $636.4K
NOI $38,181 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Top/bottom duplex on a corner lot with screened-in porches, private laundry rooms, and central air/heat for each unit.
Where is this duplex located?
The property is located at 244 46 Pacific Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Top/bottom duplex built in 1950 on a corner lot in Algier's Point.; Each unit has 2 bedrooms, 1 bathroom, and approximately 1,073 sq ft of living space.; Both units feature screened‑in porches and private laundry rooms.
