Duplex with Separate Utility
For Sale
$299,000
411 S HENNESSEY Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size2,027 SF
Price / SF$147.51
Days on Market36
Property Features for 411 S HENNESSEY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Parking
3
Parking features
Driveway
Patio and Porch features
Porch
Standard status
Active
APN
105306910
Size
2,027 SF
Additional Details
Individually Metered Utilities
water, gas, electric
Taxes and HOA fees
Tax Description
SQ 798 LOT 12 HENNESSEY 34 6 X157 2
Legal Description
SQ 798 LOT 12 HENNESSEY 34 6 X157 2
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1926
Number of units
2
Building materials
Vinyl Siding, Wood Siding
Architectural style
Shotgun
Listing Agency:
Crane Realtors
Listed By:
Aaron Dare · License #995681183
(504) 210-2014
Added: Sep 18
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2576554
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.
This 1926 shotgun-style duplex contains 2,027 square feet, with four bedrooms and two bathrooms. Hardwood flooring extends through the living areas, and 9-foot ceilings complement the traditional room arrangement. A front porch and a backyard partitioned into separate outdoor areas add exterior space. Water, gas, and electric service are separately metered. The building has window-unit cooling, vinyl and wood siding, and a roof installed in 2022. Public water and sewer serve the property, and a driveway provides off-street parking on the 411 side.
The property is in Mid-City, near Banks Street and a corridor with restaurants, coffee shops, and neighborhood businesses. Its New Orleans address is 411 S Hennessey Street.
The property is in Mid-City, near Banks Street and a corridor with restaurants, coffee shops, and neighborhood businesses. Its New Orleans address is 411 S Hennessey Street.
Key Highlights
- 2,027‑square‑foot duplex with four bedrooms and two bathrooms
- Separate meters for water, gas, and electric
- Roof replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,667
Cap Rate
8.58%
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 8.58%
Second Best
Apartment 5plus
$337.0K
$294.9K – $393.2K
NOI $23,592 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$530.4K
$464.1K – $618.8K
NOI $37,128 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Hardwood floors, 9-foot ceilings, and a divided backyard serve the two-unit property.
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 $299,000.
What are key features of this property?
This property features: 2,027‑square‑foot duplex with four bedrooms and two bathrooms; Separate meters for water, gas, and electric; Roof replaced in 2022
