Mid-City Income
411 S HENNESSEY Street New Orleans, LA 70119
For Sale
$315,000
MULTI_FAMILY - New Orleans, LA
Property Size2,027 SF
Price / SF$155.40
Days on Market143
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
Listing Agency:
Crane Realtors
(504) 210-2014
Listed By:
Aaron Dare · License #995681183
(504) 899-8666
Added: Mar 9
Changed: Jun 18
Last Checked: Jul 29 at 1:06PM
MLS# 2544577
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.
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights For Multifamily LT 5
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 | $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
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
