Separately Metered Multifamily
411-13 South Hennessey Street New Orleans, LA 70119
411-13 South Hennessey Street, New Orleans, LA, 70119
$335,000
For Sale
$335,000
Multifamily building with hardwood floors, tall ceilings, a front porch, and divided backyard space for each unit.
Property Size2,027 SF
Price / SF$165.27
Days on Market143
Property Features for 411-13 South Hennessey Street
General Information
- Standard status
- Active
- Size
- 2,027 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1973
Listing agency
Crane Realtors
(504) 210-2014
Listed by
Aaron Dare · License #995681183
(504) 210-2014
Source
Compass
Added: Mar 2 Updated: Jul 21 at 1:05PM Checked: Jul 22 at 8:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crane Realtors
Investment Insights
Based on property information with market context.
This multifamily property offers a traditional interior layout with hardwood floors throughout the living spaces and tall ceilings that carry through the home. A front porch provides outdoor space, and the backyard is divided to create defined outdoor areas and added privacy for each unit. Water, gas, and electric are separately metered, allowing for practical tenant-paid utilities.
Driveway access for off-street parking is provided on the 411 side. A new roof was installed in 2022.
Positioned in Mid-City just off live oak lined Banks Street, the property sits within a walkable corridor surrounded by restaurants, coffee shops, and neighborhood favorites—supporting its rental-focused design and income-producing setup.
Driveway access for off-street parking is provided on the 411 side. A new roof was installed in 2022.
Positioned in Mid-City just off live oak lined Banks Street, the property sits within a walkable corridor surrounded by restaurants, coffee shops, and neighborhood favorites—supporting its rental-focused design and income-producing setup.
Key Highlights
- 1973 1‑story multifamily with 4 bedrooms and 2 full bathrooms
- Hardwood floors and tall ceilings throughout the living spaces
- Front porch plus a backyard divided into defined outdoor areas with added privacy for each unit
Local Financial Insights For Apartment 5plus
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 | $47.2k | $23.28 |
| − Vacancy | −$4.3k | −$2.12 |
| EGI | $42.9k | $21.16 |
| − OpEx | −$19.3k | −$9.52 |
| NOI | $23.6k | $11.64 |
2,027 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$337.0K
$294.9K – $393.2K
NOI $23,592 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$530.4K
$464.1K – $618.8K
NOI $37,128 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Multifamily building with hardwood floors, tall ceilings, a front porch, and divided backyard space for each unit.
Where is this multifamily property located?
The property is located at 411-13 South Hennessey Street New Orleans, LA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1973 1‑story multifamily with 4 bedrooms and 2 full bathrooms; Hardwood floors and tall ceilings throughout the living spaces; Front porch plus a backyard divided into defined outdoor areas with added privacy for each unit
