Occupied Two-Unit
For Sale
$290,000
4008 Piedmont Dr, New Orleans, LA 70122
Two separate residences are currently occupied under existing rental arrangements.
Property Size2,300 SF
Price / SF$126.09
Days on Market52
Property Features for 4008 Piedmont Dr
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Building Details
Year Built
1948
Listing Agency:
Grayson Realty
Listed By:
Nona Grayson
(949) 458-1033
Source:
Fiorellaavenue
Added: Aug 29
Changed: Oct 15
Last Checked: Oct 7 at 1:23PM
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 Grayson Realty
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Investment Insights
Based on property information with market context.
This duplex contains approximately 2,300 square feet arranged as two independent residences. The unit mix includes one two-bedroom residence and one one-bedroom residence, providing distinct living spaces within the same property. Both units are currently occupied under existing rental arrangements.
Located at 4008 Piedmont Dr in New Orleans, the property is surrounded by established homes and offers a residential setting. The two-unit layout also supports flexible future use, including living in one residence while renting the other or maintaining separate accommodations for family members.
Located at 4008 Piedmont Dr in New Orleans, the property is surrounded by established homes and offers a residential setting. The two-unit layout also supports flexible future use, including living in one residence while renting the other or maintaining separate accommodations for family members.
Key Highlights
- Two‑unit duplex with approximately 2,300 square feet
- Unit mix includes one 2‑bedroom residence and one 1‑bedroom residence
- Both units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,829
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,580
$476.6K
Cap Rate 7%
$340,414
$340.4K
Cap Rate 9%
$264,767
$264.8K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$37.3K $16.20/SF
− Vacancy
−$3.2K −$1.40/SF
EGI
$34.0K $14.80/SF
− OpEx
−$10.2K −$4.44/SF
NOI
$23.8K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,580
Cap Rate 7%
$340,414
Cap Rate 9%
$264,767
Alternative Uses
Best Use
Multifamily LT 5
$340.4K
$297.9K – $397.2K
NOI $23,829 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$295.7K
$258.7K – $345.0K
NOI $20,698 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$601.8K
$526.6K – $702.2K
NOI $42,129 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
708
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences are currently occupied under existing rental arrangements.
Where is this duplex located?
The property is located at 4008 Piedmont Dr New Orleans, LA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,300 square feet; Unit mix includes one 2‑bedroom residence and one 1‑bedroom residence; Both units are currently occupied
