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Renovated Duplex Income Property
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300 40th Street New Orleans, New Orleans, LA 70124

Two fully renovated, fully rented units each include major appliances and in-unit laundry hookups.

Property SizeContact for details
Days on Market124

Property Features for 300 40th Street New Orleans

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Fenced Yard Yes
Multifamily Units 2

Amenities

covered carports
laundry rooms with washer and dryer
separate fenced yard

Building Details

Tenancy Multi
Listing Agency: Burk Brokerage LLC
Listed By: GiGi Burk · License #LA
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 7:02PM

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 Burk Brokerage LLC

Investment Insights

Based on property information with market context.

This renovated duplex offers two rental units with updated interiors and established occupancy. 300 40th Street is a 3-bedroom / 2-bath layout, and 6774 Fleur De Lis is a 2-bedroom / 1-bath. The units come equipped with a refrigerator, stove/oven, dishwasher, and microwave.

Both units include covered carports and laundry rooms with washer and dryer. 300 40th Street also features a separate fenced yard. The seller notes the property is fully rented and presents an owner-relocation sale in Lakeview.

Key Highlights

  • Two fully renovated, fully rented units in Lakeview
  • 300 40th: 3 bed/2 bath renting for part of total $3300/mo
  • 6774 Fleur De Lis: 2 bed/1 bath renting for part of total $3300/mo

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Spa & Massage Center Parking Lot & Garage HVAC Service Daycare Center Grocery & Convenience Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

598
Businesses Nearby

Demographics for 70124, LA

22,777
Population
8,919
Households
2.6
Avg Household Size
37
Median Age
70%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,400
Density / Sq Mi
$121,318
Median Household Income
$66,323
Median Earnings
$1,752
Median Rent
$577,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two fully renovated, fully rented units each include major appliances and in-unit laundry hookups.
Where is this duplex located?
The property is located at 300 40th Street New Orleans New Orleans, LA.
What are key features of this property?
This property features: Two fully renovated, fully rented units in Lakeview; 300 40th: 3 bed/2 bath renting for part of total $3300/mo; 6774 Fleur De Lis: 2 bed/1 bath renting for part of total $3300/mo
(504) 416-2244 Call to check price and availability
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