2-Unit Raised-Basement
New
For Sale
$449,900
411 Florida Boulevard, New Orleans, LA 70124
Multifamily, New Orleans, LA
Property Size2,652 SF
Lot Size0.10 Acres
Price / SF$169.65
Days on Market7
Property Features for 411 Florida Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Basement, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 5
Parking
3
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Private Yard
Fireplace
1
Basement
Finished
Appliances
Dryer, Dishwasher, Gas Cooktop, Refrigerator, Washer, Gas Water Heater, Built-In Electric Oven, Dryer, Dishwasher, Gas Cooktop, Refrigerator, Washer, Gas Water Heater, Built-In Electric Oven
Subdivision
Lakeview
Lot features
Back Yard
Elementary school district
Orleans Parish
Middle school district
Orleans Parish
High school district
Orleans Parish
Directions
Take I-10 to the Florida Blvd exit.
Standard status
Active
APN
411-FLORIDABL
Size
2,652 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Sq 003 Lots Pt 6 5 Sq 003 Lots Pt 6 5 37X120 Florida Bd 411 Florida A B C
Tax Annual Amount
6873
Legal Description
Sq 003 Lots Pt 6 5 Sq 003 Lots Pt 6 5 37X120 Florida Bd 411 Florida A B C
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
backyard
Building Details
Year built
1920
Number of units
2
Flooring type
Wood, Tile, Vinyl
Building materials
Wood Siding
Roof type
Composition
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Albert E Sidhom · License #995690524
(504) 319-7428
Added: Oct 31
Changed: Nov 5
Last Checked: Nov 6 at 9:06AM
MLS# 200JPH
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 1920, this 2,652-square-foot duplex has a raised-basement configuration and two separate residences. The upper unit includes two bedrooms, a full bath, a sunroom with office use, and a double parlor. Its kitchen has a breakfast area, stainless steel appliances, and a gas cooktop; original hardwood flooring and basement laundry and storage are also included. The lower unit features two bedrooms, two full baths, a central kitchen with granite countertops, and a dedicated office.
The 0.1-acre property is positioned between I-10 and Canal Boulevard. A shared driveway accommodates up to three cars, and the exterior includes a backyard and porch.
The 0.1-acre property is positioned between I-10 and Canal Boulevard. A shared driveway accommodates up to three cars, and the exterior includes a backyard and porch.
Key Highlights
- Two‑residence duplex with 2,652 square feet on a 0.1‑acre lot
- Upper unit offers two bedrooms, one full bath, and a sunroom with office use
- Lower unit has two bedrooms, two full baths, and a dedicated office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,581
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,620
$671.6K
Cap Rate 7%
$479,729
$479.7K
Cap Rate 9%
$373,122
$373.1K
Market Conditions
NOI Build-Up for 2,652 SF
Gross rent
$52.5K $19.80/SF
− Vacancy
−$4.5K −$1.71/SF
EGI
$48.0K $18.09/SF
− OpEx
−$14.4K −$5.43/SF
NOI
$33.6K $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%
$671,620
Cap Rate 7%
$479,729
Cap Rate 9%
$373,122
Alternative Uses
Best Use
Multifamily LT 5
$479.7K
$419.8K – $559.7K
NOI $33,581 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$440.9K
$385.8K – $514.4K
NOI $30,866 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$674.1K
$589.8K – $786.4K
NOI $47,184 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 70124, LA
22,777
Population
8,919
Households
2.6
Avg Household Size
37
Median Age
70%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,400
Density / Sq Mi
$121,318
Median Household Income
$66,323
Median Earnings
$1,752
Median Rent
$577,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Distinct upper and lower residences offer private bedrooms, office space, and separate kitchen layouts.
Where is this duplex located?
The property is located at 411 Florida Boulevard New Orleans, LA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑residence duplex with 2,652 square feet on a 0.1‑acre lot; Upper unit offers two bedrooms, one full bath, and a sunroom with office use; Lower unit has two bedrooms, two full baths, and a dedicated office
