Double Duplex with Shaded Front
4033 PALMYRA Street New Orleans, LA 70119
4033 PALMYRA Street, New Orleans, LA, 70119
$450,000
For Sale
$450,000
MULTI_FAMILY - New Orleans, LA
Property Size3,070 SF
Price / SF$146.58
Days on Market132
Property Features for 4033 PALMYRA Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 105304409
- Size
- 3,070 SF
Taxes and HOA fees
- Tax 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
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
3640 Magazine St, New Orleans, LA
Listed by
Katie Witry · License #995710150
(504) 453-2277
Added: Mar 9 Checked: Jul 18 at 3:06 am
MLS# 2547003
Listing URL
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.
This classic duplex offers two separate sides with double parlors, front picture windows, and a shotgun layout. Each side includes a good-size kitchen, three bedrooms, and two independent baths, along with interior washer and dryer. Finishes include wood and vinyl floors and 9.5-foot ceiling height, plus a shady front porch. A spray foam installation has been completed in the crawlspace, and the property features a deep backyard.
The duplex is located just off S. Carrollton Avenue, one block from both the Carrollton and Canal Streetcar transit lines, with easy navigation to 1-10, City Park, and MidCity restaurants and local shops.
Each side is currently rented, and leases are available for review. Updates include updated plumbing, new water heaters purchased in 2023, and new AC units purchased in 2020.
The duplex is located just off S. Carrollton Avenue, one block from both the Carrollton and Canal Streetcar transit lines, with easy navigation to 1-10, City Park, and MidCity restaurants and local shops.
Each side is currently rented, and leases are available for review. Updates include updated plumbing, new water heaters purchased in 2023, and new AC units purchased in 2020.
Key Highlights
- Classic MidCity double on S. Carrollton Avenue, one block from both the Carrollton and Canal Streetcar lines
- Larger lot size of 34x159 with 3,070 SF total
- Each side has 3 bedrooms and a shotgun layout, plus 2 independent baths per side
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 | $60.8k | $19.80 |
| − Vacancy | −$5.3k | −$1.71 |
| EGI | $55.5k | $18.09 |
| − OpEx | −$16.7k | −$5.43 |
| NOI | $38.9k | $12.66 |
3,070 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$555.3K
$485.9K – $647.9K
NOI $38,874 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$510.4K
$446.6K – $595.5K
NOI $35,731 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$803.3K
$702.9K – $937.2K
NOI $56,233 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex on a deep lot with 9.5-foot ceilings, double parlors, and interior washer/dryer.
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 $450,000.
What are key features of this property?
This property features: Classic MidCity double on S. Carrollton Avenue, one block from both the Carrollton and Canal Streetcar lines; Larger lot size of 34x159 with 3,070 SF total; Each side has 3 bedrooms and a shotgun layout, plus 2 independent baths per side
