Brick Duplex with Updated
New
For Sale
$749,000
4072 State Street Drive, New Orleans, LA 70125
Multifamily, New Orleans, LA
Property Size4,069 SF
Lot Size0.16 Acres
Price / SF$184.07
Days on Market5
Property Features for 4072 State Street Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 3
Parking
2
Parking features
Driveway, Off Street
Interior features
Pantry, High Ceilings, Walk-Up Attic
Appliances
Dryer, Gas Range, Refrigerator, Washer, Range, Oven, Dryer, Gas Range, Refrigerator, Washer, Range, Oven
Lot features
Corner Lot, Landscaped, Back Yard
Elementary school district
Orleans Parish
Middle school district
Orleans Parish
High school district
Orleans Parish
Directions
On the corner of Walmsley and State St. Dr.
Standard status
Active
APN
4072-STATESTREETDR
Size
4,069 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Up Sta Ex Sq Lot 34 Pts 32&36 65X97/99 4072 State St Dr & 4814 Walmsley Dup-B File #90334 3/06 Quitclm
Tax Annual Amount
7787
Legal Description
Up Sta Ex Sq Lot 34 Pts 32&36 65X97/99 4072 State St Dr & 4814 Walmsley Dup-B File #90334 3/06 Quitclm
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1943
Number of units
2
Flooring type
Wood
Building materials
Brick
Roof type
Flat, Shingle
Additional Structures
Gazebo
Buildings
1
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Kimberly Ann Carnegie · License #995681108
(504) 723-1010
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 6 at 6:06AM
MLS# 200JKH
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 1943, this brick duplex contains 4,069 square feet across two residences, each arranged with three bedrooms and two bathrooms. Wood floors, high ceilings, a pantry, and walk-up attic space add to the interior configuration. Both units have central heating and air conditioning, and the property includes a whole-home generator, on-demand water heaters, and a new roof.
The 0.16-acre parcel includes driveway and off-street parking on both sides of the property. Grounds are served by a sprinkler system. Public water and public sewer are available. The building’s two-unit layout and individual three-bedroom, two-bathroom configurations are central features of the property.
The 0.16-acre parcel includes driveway and off-street parking on both sides of the property. Grounds are served by a sprinkler system. Public water and public sewer are available. The building’s two-unit layout and individual three-bedroom, two-bathroom configurations are central features of the property.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 4,069‑square‑foot brick duplex built in 1943
- 0.16‑acre parcel with driveway and off‑street parking on both sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,524
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,030,480
$1.0M
Cap Rate 7%
$736,057
$736.1K
Cap Rate 9%
$572,489
$572.5K
Market Conditions
NOI Build-Up for 4,069 SF
Gross rent
$80.6K $19.80/SF
− Vacancy
−$7.0K −$1.71/SF
EGI
$73.6K $18.09/SF
− OpEx
−$22.1K −$5.43/SF
NOI
$51.5K $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%
$1,030,480
Cap Rate 7%
$736,057
Cap Rate 9%
$572,489
Alternative Uses
Best Use
Multifamily LT 5
$736.1K
$644.1K – $858.7K
NOI $51,524 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$676.5K
$592.0K – $789.3K
NOI $47,358 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.03M
$904.9K – $1.21M
NOI $72,394 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,248
Businesses Nearby
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Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
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 - Two three-bedroom residences offer separate living space, central heating and cooling, and off-street parking.
Where is this duplex located?
The property is located at 4072 State Street Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 4,069‑square‑foot brick duplex built in 1943; 0.16‑acre parcel with driveway and off‑street parking on both sides
