Updated Duplex with Front
For Sale
$435,000
4033 PALMYRA Street, New Orleans, LA 70119
Multi-Family, Shot Gun, New Orleans, LA
Property Size3,070 SF
Lot Size0.12 Acres
Price / SF$141.69
Days on Market217
Property Features for 4033 PALMYRA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Porch
Lot features
Regular
Subdivision
Mid City
Standard status
Active
APN
105304409
Size
3,070 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
SQ 757 PT LOT 13 12 PALMYRA 34X159 10 4033-35 PALMYRA M/A CHANGES 11-22-05
Legal Description
SQ 757 PT LOT 13 12 PALMYRA 34X159 10 4033-35 PALMYRA M/A CHANGES 11-22-05
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
front porch
washer and dryer
backyard
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Witry Collective, L.L.C.
(504) 291-2022
Listed By:
Katie Witry · License #995710150
(504) 919-8585
Added: Mar 9
Changed: Sep 16
Last Checked: Oct 11 at 5:06AM
MLS# 2547003
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1925, this duplex contains 3070 sq. ft. across two single-story residences. Each unit includes three bedrooms, two independent baths, double parlors, front picture windows, a kitchen with substantial storage, and a shotgun-style floor plan. Wood and vinyl flooring, 9.5 ft ceilings, interior washer and dryer connections, central heating, central air, and a front porch are among the existing features. Plumbing has been updated, while the water heaters were purchased in 2023 and the AC units in 2020. Spray foam has been installed in the crawlspace, and the property includes a deep rear yard.
Both sides are currently leased, with leases available for review. The property sits one block from the Carrollton and Canal Streetcar transit lines, with access to S. Carrollton Avenue, I-10, City Park, MidCity restaurants, and local shops. Public water service and an asphalt roof complete the recorded property details.
Both sides are currently leased, with leases available for review. The property sits one block from the Carrollton and Canal Streetcar transit lines, with access to S. Carrollton Avenue, I-10, City Park, MidCity restaurants, and local shops. Public water service and an asphalt roof complete the recorded property details.
Key Highlights
- 3070 sq. ft. duplex on a 34x 159 lot
- Two leased residences, each with 3 bedrooms and 2 independent baths
- Double parlors, front picture windows, 9.5 ft ceiling height, and kitchen storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,874
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,480
$777.5K
Cap Rate 7%
$555,343
$555.3K
Cap Rate 9%
$431,933
$431.9K
Market Conditions
NOI Build-Up for 3,070 SF
Gross rent
$60.8K $19.80/SF
− Vacancy
−$5.3K −$1.71/SF
EGI
$55.5K $18.09/SF
− OpEx
−$16.7K −$5.43/SF
NOI
$38.9K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,480
Cap Rate 7%
$555,343
Cap Rate 9%
$431,933
Alternative Uses
Best Use
Multifamily LT 5
$555.3K
$485.9K – $647.9K
NOI $38,874 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$510.4K
$446.6K – $595.5K
NOI $35,731 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$803.3K
$702.9K – $937.2K
NOI $56,233 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased units offer three bedrooms, two baths, separate living areas, and individual kitchen space.
Where is this duplex located?
The property is located at 4033 PALMYRA Street New Orleans, LA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 3070 sq. ft. duplex on a 34x 159 lot; Two leased residences, each with 3 bedrooms and 2 independent baths; Double parlors, front picture windows, 9.5 ft ceiling height, and kitchen storage
