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Mid-City Income Property

411 S HENNESSEY Street, New Orleans, LA 70119

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For Sale

$315,000

MULTI_FAMILY - New Orleans, LA

Property size:

2,027 SF

Price / SF:

$155/SF

HighLights

Strong rental potential in a highly desirable, walkable Mid‑City location near restaurants and shops.
Separately metered utilities (water, gas, and electric) allow for tenant‑paid utilities.
New roof installed in 2022.
Hardwood floors and tall ceilings throughout the living spaces.
Divided backyard provides defined outdoor areas and privacy for each unit.
Driveway offers off‑street parking.

We can help!

Listing Contact

Aaron Dare

For Sale

$315,000

MULTI_FAMILY - New Orleans, LA

Property size:

2,027 SF

Price / SF:

$155/SF

Added:: Mar 9, 2026
Days on Market:: 96
Last Refresh:: Jun 12 at 9:06 am

Property Features for 411 S HENNESSEY Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Driveway
Patio and Porch features: Porch
Exterior features: Fence, Porch
Fencing: Fenced
Standard status: Active
APN: 105306910
Size: 2,027 SF

Taxes and HOA fees

Tax Description: SQ 798 LOT 12 HENNESSEY 34 6 X157 2

Utilities

Cooling system: Window Unit(s)
Water source: Public

Building Details

Year built: 1973
Floors in Building: 1
Number of units: 2
Roof type: Shingle
Architectural style: Other

We can help!

Listing Contact

Aaron Dare

Listing agent Aaron Dare License #995681183

Listing office Crane Realtors 138 N Cortez Street, New Orleans, LA

Listing date Mar 9, 2026

MLS# 2544577 Listing URL

Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Strong rental potential in a highly desirable, walkable Mid‑City location near restaurants and shops.
Separately metered utilities (water, gas, and electric) allow for tenant‑paid utilities.
New roof installed in 2022.
Hardwood floors and tall ceilings throughout the living spaces.
Divided backyard provides defined outdoor areas and privacy for each unit.
Driveway offers off‑street parking.

Overview

Located in Mid-City, just off Banks Street, this property offers rental potential in a walkable area surrounded by restaurants and coffee shops. Hardwood floors run throughout the living spaces, complemented by tall ceilings and a traditional layout that allows for an easy flow from room to room. The front porch adds outdoor space and charm. The backyard is divided, creating defined outdoor areas and added privacy for each unit. The property is separately metered for water, gas, and electric, providing the ability for tenant-paid utilities. A driveway provides off-street parking on the 411 side. A new roof was installed in 2022. With its Mid-City location and income-producing setup, this property presents an opportunity for investors or buyers seeking flexibility and long-term growth in a high-demand area. The property size is 2027 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$40.1k	$19.80
− Vacancy	−$3.5k	−$1.71
EGI	$36.7k	$18.09
− OpEx	−$11.0k	−$5.43
NOI	$25.7k	$12.66

2,027 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$366.7K

$320.8K – $427.8K (±1% cap)

NOI $25,667 @ 7.0% cap · market cap 8.15%

Second Best

Apartment 5plus

$337.0K

$294.9K – $393.2K (±1% cap)

NOI $23,592 @ 7.0% cap · market cap 7.49%

Theoretical Best

Office A

$530.4K

$464.1K – $618.8K (±1% cap)

NOI $37,128 @ 7.0% cap · market cap 11.79%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.10623
Latitude: 29.97337

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For sale
Duplexes
LA
New Orleans
70119
411 S HENNESSEY Street

What type of property is this?

Duplex - Income-producing duplex in walkable Mid-City location.

Where is this duplex located?

The property is located at 411 S HENNESSEY Street 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: Strong rental potential in a highly desirable, walkable Mid‑City location near restaurants and shops.; Separately metered utilities (water, gas, and electric) allow for tenant‑paid utilities.; New roof installed in 2022.

411 S HENNESSEY Street, New Orleans, LA 70119

MULTI_FAMILY - New Orleans, LA

Property Features for 411 S HENNESSEY Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Canal Street Automotive Investment Opportunity

Mixed-Use Live/Work Building

Gutted Warehouse with Office

Historic Ground-Floor Office Space

Updated Duplex with Off-Street Parking

Turnkey New Construction Duplex

Uptown New Orleans Multi-Family Property

Historic Mixed-Use Building, New Orleans

Mixed-Use Commercial & Residential Property

Renovated Duplex in New Orleans

Restored Victorian Bed & Breakfast

Owner-Occupy Duplex with Sunroom

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