Duplex with Separate
For Sale
$315,000
411 13 S Hennessey St, New Orleans, LA 70119
Traditional duplex layout with hardwood floors, private outdoor areas, and off-street driveway parking.
Property Size2,027 SF
Price / SF$155.40
Days on Market77
Property Features for 411 13 S Hennessey St
General Information
Standard status
Active
Size
2,027 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Amenities
hardwood floors
tall ceilings
front porch
backyard
separately metered utilities
driveway parking
Building Details
Year Built
1973
Listing Agency:
Crane Realtors
Listed By:
Aaron Dare · License #995681183
(504) 210-2014
Source:
Dominionplace
Added: Aug 4
Changed: Oct 6
Last Checked: Oct 19 at 10:58AM
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
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Investment Insights
Based on property information with market context.
This duplex contains 2,027 square feet and was built in 1973. The interior features hardwood flooring across the living areas, tall ceilings, and a traditional arrangement with a straightforward connection between rooms. A front porch adds exterior space, while the divided backyard creates separate outdoor areas for the two units. The roof was replaced in 2022.
Water, gas, and electric service are separately metered, allowing utilities to be paid by tenants. A driveway provides off-street parking on the 411 side. The property is in Mid-City, just off Banks Street, within a walkable corridor surrounded by restaurants, coffee shops, and neighborhood establishments.
Water, gas, and electric service are separately metered, allowing utilities to be paid by tenants. A driveway provides off-street parking on the 411 side. The property is in Mid-City, just off Banks Street, within a walkable corridor surrounded by restaurants, coffee shops, and neighborhood establishments.
Key Highlights
- 2,027‑square‑foot duplex built in 1973
- New roof installed in 2022
- Water, gas & electric separately metered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,667
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,340
$513.3K
Cap Rate 7%
$366,671
$366.7K
Cap Rate 9%
$285,189
$285.2K
Market Conditions
NOI Build-Up for 2,027 SF
Gross rent
$40.1K $19.80/SF
− Vacancy
−$3.5K −$1.71/SF
EGI
$36.7K $18.09/SF
− OpEx
−$11.0K −$5.43/SF
NOI
$25.7K $12.66/SF
Area
ZIP 70119
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%
$513,340
Cap Rate 7%
$366,671
Cap Rate 9%
$285,189
Alternative Uses
Best Use
Multifamily LT 5
$366.7K
$320.8K – $427.8K
NOI $25,667 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$337.0K
$294.9K – $393.2K
NOI $23,592 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$530.4K
$464.1K – $618.8K
NOI $37,128 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,730
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Traditional duplex layout with hardwood floors, private outdoor areas, and off-street driveway parking.
Where is this duplex located?
The property is located at 411 13 S Hennessey St New Orleans, LA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,027‑square‑foot duplex built in 1973; New roof installed in 2022; Water, gas & electric separately metered
