Two-Unit Duplex for
For Sale
$243,900
3911 13 Franklin Avenue, New Orleans, LA 70122
Side-by-side duplex with two 2-bedroom, 1-bath units, hardwood floors, and a new central HVAC system.
Property Size1,663 SF
Price / SF$146.66
Days on Market36
Property Features for 3911 13 Franklin Avenue
General Information
Standard status
Active
Size
1,663 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Building Details
Building Size
1,663 SF
Year Built
1956
Listing Agency:
Hera Realty
(504) 428-4230
Listed By:
Patricia Stevens · License #912122943
(504) 428-4230
Source:
Nolalivingrealty
Added: Jun 26
Changed: Jul 26
Last Checked: Jul 30 at 11:53AM
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 Hera Realty
Investment Insights
Based on property information with market context.
This classic Gentilly double features two side-by-side units, each offering 2 bedrooms and 1 bathroom. The property includes hardwood floors throughout and has a new central HVAC system for modern comfort. With approximately 1,663 total living square feet, the layout is designed to support flexible living arrangements for an owner-occupant.
The offering is presented as a Fannie Mae HomePath property.
This duplex configuration provides two separate residential units within a single building, with interior finishes including hardwood flooring and climate control via central HVAC.
The offering is presented as a Fannie Mae HomePath property.
This duplex configuration provides two separate residential units within a single building, with interior finishes including hardwood flooring and climate control via central HVAC.
Key Highlights
- Classic Gentilly double with two side‑by‑side units
- Each unit features 2 bedrooms and 1 bathroom
- Approximately 1,663 total living SF
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 | $26.9k | $16.20 |
| − Vacancy | −$2.3k | −$1.40 |
| EGI | $24.6k | $14.80 |
| − OpEx | −$7.4k | −$4.44 |
| NOI | $17.2k | $10.36 |
1,663 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$246.1K
$215.4K – $287.2K
NOI $17,229 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$213.8K
$187.1K – $249.4K
NOI $14,966 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$435.2K
$380.8K – $507.7K
NOI $30,461 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with two 2-bedroom, 1-bath units, hardwood floors, and a new central HVAC system.
Where is this duplex located?
The property is located at 3911 13 Franklin Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $243,900.
What are key features of this property?
This property features: Classic Gentilly double with two side‑by‑side units; Each unit features 2 bedrooms and 1 bathroom; Approximately 1,663 total living SF
