Shotgun-Style
For Sale
$435,000
4033 PALMYRA Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size3,070 SF
Lot Size0.12 Acres
Price / SF$141.69
Days on Market230
Property Features for 4033 PALMYRA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 3
Patio and Porch features
Porch
Directions
From City Park head down N. Carrollton towards the river, left on Palmyra, property on the left.
Standard status
Active
APN
105304409
Size
3,070 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
Shady front porch
ample kitchen storage
Interior washer and dryer
deep backyard
Building Details
Year built
1925
Number of units
2
Flooring type
Wood, Vinyl
Building materials
HardiPlank Type, Wood Siding
Architectural style
Shotgun
Buildings
1
Listing Agency:
Witry Collective, L.L.C.
(504) 291-2022
Listed By:
Katie A Witry · License #995710150
(504) 919-8585
Added: Mar 9
Changed: Oct 23
Last Checked: Oct 24 at 4:06AM
MLS# 2547003
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1925, this shotgun-style duplex contains 3,070 square feet. Each side has three bedrooms arranged in a shotgun layout, two independent bathrooms, double parlors, a kitchen, and interior laundry. Wood and vinyl flooring, 9.5-foot ceilings, front picture windows, and a covered porch add to the interior and exterior features. Plumbing has been updated; water heaters were purchased in 2023 and AC units in 2020. Spray foam insulation is installed in the crawlspace, and the property has a deep backyard.
The property is on Palmyra Street in MidCity, near S. Carrollton Avenue and one block from the Carrollton and Canal Streetcar lines. City Park, I-10, restaurants, and local shops are also cited as nearby destinations. Both units are rented, and leases are available for review.
The property is on Palmyra Street in MidCity, near S. Carrollton Avenue and one block from the Carrollton and Canal Streetcar lines. City Park, I-10, restaurants, and local shops are also cited as nearby destinations. Both units are rented, and leases are available for review.
Key Highlights
- Duplex totals 3,070 sq. ft.
- Each side has 3 bedrooms and 2 independent baths
- Lot dimensions: 34x 159
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway 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
Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased and feature three bedrooms, two bathrooms, and separate kitchens.
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: Duplex totals 3,070 sq. ft.; Each side has 3 bedrooms and 2 independent baths; Lot dimensions: 34x 159
