Renovated Two-Unit
For Sale
$525,000
407 A&B DODGE Avenue, Jefferson, LA 70121
Multifamily, Jefferson, LA
Property Size1,778 SF
Lot Size0.17 Acres
Price / SF$295.28
Days on Market69
Property Features for 407 A&B DODGE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3
Parking
3
Parking features
Driveway
Patio and Porch features
Porch
Standard status
Active
APN
0700004163
Size
1,778 SF
Lot size
0.17 Acres
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Description
LOTS 63 & 64 SQ 3 JEFFERSON HGTS
Legal Description
LOTS 63 & 64 SQ 3 JEFFERSON HGTS
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Wood
Building materials
Wood Siding
Architectural style
Cottage
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Simone S Soignet · License #000008892
(504) 650-6650
Added: Aug 17
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 2572738
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.
This 1,778-square-foot duplex, built in 1920, contains two separate living spaces. The primary residence has three bedrooms, two bathrooms, a large living and dining area, and a new kitchen. The upper unit includes a living room, office, kitchen, walk-in closet, and in-unit washer and dryer, with its own entrance, balcony, and small courtyard. Separate electric meters serve the units. The renovation included updated electrical and plumbing, new insulation and sheetrock, LED lighting, two Goodman central HVAC systems, and new gas water heaters. Original hardwood floors and historic doors and hardware remain. The property also has a new shingle roof and gutters, driveway parking, and a shaded rear yard.
The 0.1722-acre property is three blocks from River Road and the Mississippi River levee path. Nearby destinations identified include Ochsner Hospital Main Campus, medical centers, law and medical schools, and Dr. John Ochsner Discovery Health Sciences Academy. The property is in X flood classification.
The 0.1722-acre property is three blocks from River Road and the Mississippi River levee path. Nearby destinations identified include Ochsner Hospital Main Campus, medical centers, law and medical schools, and Dr. John Ochsner Discovery Health Sciences Academy. The property is in X flood classification.
Key Highlights
- 1,778 square feet across two living spaces
- 0.1722‑acre lot in X flood classification
- Primary residence has three bedrooms and two bathrooms; upper unit includes a separate office
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, kitchens, and electric meters support distinct living arrangements in this extensively updated Jefferson property.
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 feet across two living spaces; 0.1722‑acre lot in X flood classification; Primary residence has three bedrooms and two bathrooms; upper unit includes a separate office
