Renovated Duplex with Historic
For Sale
$525,000
407 A&B DODGE Avenue, Jefferson, LA 70121
Multi-Family, Cottage, Jefferson, LA
Property Size1,778 SF
Lot Size0.17 Acres
Price / SF$295.28
Days on Market52
Property Features for 407 A&B DODGE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Balcony, Porch
Lot features
Oversized
Standard status
Active
APN
0700004163
Size
1,778 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
LOTS 63 & 64 SQ 3 JEFFERSON HGTS
Legal Description
LOTS 63 & 64 SQ 3 JEFFERSON HGTS
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer/dryer
walk-in closet
courtyard
balcony
private entrance
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Architectural style
Cottage
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Simone Soignet · License #000008892
(504) 650-6650
Added: Aug 17
Changed: Sep 23
Last Checked: Oct 7 at 10:06AM
MLS# 2572738
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 1920, this 1,778-square-foot duplex occupies a 0.1722-acre lot and combines original architectural details with extensive recent improvements. The primary residence includes a large living and dining area, 3 bedrooms, 2 renovated bathrooms, and a new kitchen, along with separate driveway parking and a shaded rear yard. The upper unit has a living room, office, kitchen, in-unit washer and dryer, walk-in closet, private entry, courtyard access, and a balcony.
Major updates include a new Owens Corning Duration shingle roof, gutters, insulation with sound barriers, sheetrock, electrical service, LED lighting, plumbing, and 2 Goodman central HVAC systems. The property also has separate electric meters, a new gas water heater serving the upper level, a tankless gas water heater serving the lower level, and public water.
The property is 3 blocks from River Road and the Mississippi River levee running and bicycle path. Nearby demand drivers identified in the property information include major medical centers, law and medical schools, Ochsner Hospital Main Campus, and Dr. John Ochsner Discovery Health Sciences Academy.
Major updates include a new Owens Corning Duration shingle roof, gutters, insulation with sound barriers, sheetrock, electrical service, LED lighting, plumbing, and 2 Goodman central HVAC systems. The property also has separate electric meters, a new gas water heater serving the upper level, a tankless gas water heater serving the lower level, and public water.
The property is 3 blocks from River Road and the Mississippi River levee running and bicycle path. Nearby demand drivers identified in the property information include major medical centers, law and medical schools, Ochsner Hospital Main Campus, and Dr. John Ochsner Discovery Health Sciences Academy.
Key Highlights
- 1,778‑square‑foot duplex on a 0.1722‑acre lot
- Primary unit with 3 bedrooms, 2 bathrooms, new kitchen, and separate driveway parking
- Upper unit includes office, in‑unit washer and dryer, walk‑in closet, courtyard, and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,514
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,280
$450.3K
Cap Rate 7%
$321,629
$321.6K
Cap Rate 9%
$250,156
$250.2K
Market Conditions
NOI Build-Up for 1,778 SF
Gross rent
$35.2K $19.80/SF
− Vacancy
−$3.0K −$1.71/SF
EGI
$32.2K $18.09/SF
− OpEx
−$9.6K −$5.43/SF
NOI
$22.5K $12.66/SF
Area
New Orleans, LA
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%
$450,280
Cap Rate 7%
$321,629
Cap Rate 9%
$250,156
Alternative Uses
Best Use
Multifamily LT 5
$321.6K
$281.4K – $375.2K
NOI $22,514 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$295.6K
$258.7K – $344.9K
NOI $20,694 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$451.9K
$395.4K – $527.2K
NOI $31,634 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Explore this area
Business Placement
Demographics for 70121, LA
11,523
Population
6,415
Households
1.8
Avg Household Size
46
Median Age
36%
College-Educated
88%
High-School Grad
3.3 sq mi
ZIP Area
3,492
Density / Sq Mi
$59,029
Median Household Income
$40,151
Median Earnings
$1,113
Median Rent
$237,200
Median Home Value
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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-unit cottage with separate entrances, updated systems, private outdoor areas, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 407 A&B DODGE Avenue Jefferson, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,778‑square‑foot duplex on a 0.1722‑acre lot; Primary unit with 3 bedrooms, 2 bathrooms, new kitchen, and separate driveway parking; Upper unit includes office, in‑unit washer and dryer, walk‑in closet, courtyard, and balcony
