Double Duplex with Finished
4117-19 South Saratoga Street New Orleans, LA 70115
For Sale
$689,000
Duplex with updated kitchens and bathrooms, finished basement, garage, and two driveways on a deep lot.
Property Size2,836 SF
Price / SF$242.95
Days on Market329
Property Features for 4117-19 South Saratoga Street
General Information
- Standard status
- Active
- Size
- 2,836 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1950
Listing Agency:
REVE, REALTORS
(504) 520-9255
Listed By:
Kate Kancheva · License #995711512
(504) 520-9255
Source:
Compass
Added: Aug 30, 2025
Changed: Jul 23
Last Checked: Jul 23 at 10:21AM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This double duplex offers updated kitchens and bathrooms and includes two separate driveways, a garage, and storage. A finished basement is connected to the owner’s unit and includes a full-size bathroom, providing added flexibility for how the space may be used. The property also features a deep lot with room for outdoor enjoyment. A new roof was installed in 2025.
The home is located in the Freret Corridor area of New Orleans, with proximity to St. Charles Avenue parade routes and nearby institutions including Touro and Ochsner Baptist Hospitals and several universities.
With an owner-occupant friendly layout and additional finished lower-level space, the property is configured to support both everyday living and rental use within a duplex format.
The home is located in the Freret Corridor area of New Orleans, with proximity to St. Charles Avenue parade routes and nearby institutions including Touro and Ochsner Baptist Hospitals and several universities.
With an owner-occupant friendly layout and additional finished lower-level space, the property is configured to support both everyday living and rental use within a duplex format.
Key Highlights
- Duplex (2 stories) with 6 bedrooms and 5 full bathrooms, built in 1950
- Updated kitchens and bathrooms in both units
- Central air and central heating
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 | $38.1k | $13.44 |
| − Vacancy | −$3.3k | −$1.16 |
| EGI | $34.8k | $12.28 |
| − OpEx | −$10.4k | −$3.68 |
| NOI | $24.4k | $8.60 |
2,836 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$348.2K
$304.7K – $406.3K
NOI $24,376 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$308.7K
$270.1K – $360.1K
NOI $21,608 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$748.2K
$654.7K – $872.9K
NOI $52,375 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with updated kitchens and bathrooms, finished basement, garage, and two driveways on a deep lot.
Where is this duplex located?
The property is located at 4117-19 South Saratoga Street New Orleans, LA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Duplex (2 stories) with 6 bedrooms and 5 full bathrooms, built in 1950; Updated kitchens and bathrooms in both units; Central air and central heating
