Multifamily Property with Two
321-32 Harney Street New Orleans, LA 70124
321-32 Harney Street, New Orleans, LA, 70124
$450,000
For Sale
$450,000
Two-unit multifamily property with private backyards and driveways.
Property Size2,200 SF
Price / SF$204.55
Days on Market264
Property Features for 321-32 Harney Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2007
Listing Agency
Ethel Kidd Real Estate, L.L.C.
(504) 442-9788
Listed by
Mary Catherine Minvielle · License #995698045
(504) 442-9788
Source
Compass
Added: Oct 27, 2025 Checked: Jul 17 at 3:36 am
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 Ethel Kidd Real Estate, L.L.C.
Investment Insights
Based on property information with market context.
This multifamily property features two units, each containing 2 bedrooms and 1 bathroom. Each unit includes a private backyard and its own driveway. The units offer good storage space and an open floor plan. New A/C units were installed in 2025.
Key Highlights
- Two separate units, ideal for rental income or multi‑generational living.
- Each unit has 2 bedrooms and 1 bathroom.
- Private backyard for each unit.
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 | $43.6k | $19.80 |
| − Vacancy | −$3.8k | −$1.71 |
| EGI | $39.8k | $18.09 |
| − OpEx | −$11.9k | −$5.43 |
| NOI | $27.9k | $12.66 |
2,200 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.0K
$348.2K – $464.3K
NOI $27,857 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$365.8K
$320.1K – $426.8K
NOI $25,605 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$559.2K
$489.3K – $652.4K
NOI $39,142 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit multifamily property with private backyards and driveways.
Where is this duplex located?
The property is located at 321-32 Harney Street New Orleans, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two separate units, ideal for rental income or multi‑generational living.; Each unit has 2 bedrooms and 1 bathroom.; Private backyard for each unit.
