Historic Bungalow with Separate
4117 Stewart Court New Orleans, LA 70119
4117 Stewart Court, New Orleans, LA, 70119
$575,000
Pending
For Sale
$575,000
Pending
1938 arts & crafts bungalow with modern upgrades and separate access, including a 1-bedroom dependency with its own utilities.
Property Size1,766 SF
Days on Market77
Property Features for 4117 Stewart Court
General Information
- Standard status
- Pending
- Size
- 1,766 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1938
Listing agency
Crane Realtors
(504) 210-2014
Listed by
Aaron Dare · License #995681183
(504) 210-2014
Source
Compass
Added: May 7 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 7:04AM
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
Investment Insights
Based on property information with market context.
Set on Stewart Court in the City Park Triangle area, this 1938 arts and crafts bungalow offers a blend of original character and modern updates. A welcoming front porch leads to light-filled living spaces with wood floors, vaulted ceilings, cypress trim, and exposed ceiling beams. The home includes a spacious, newly updated kitchen and dining area, along with a flexible layout designed for everyday living and multiple uses. Separate access supports an attached or independent-style arrangement for a guest or mother-in-law suite, a home office, studio, or similar setup.
The smaller dependency is a 1-bedroom, 1-bath space with a quait side entry patio, and its usable size can vary up to approximately 737 square feet depending on how the space is configured. Utility separation is supported by two electric meters, with one water meter and one gas meter serving the building. Recent improvements include a new plumbing drain line and a roof that is about one year old.
Additional upgrades include copper plumbing supply lines throughout, modern electrical systems with many improvements, insulated walls, and a 6-year-old high-efficiency Lennox HVAC system with ductwork. Outside, the property provides a private backyard shaded by mature trees, off-street parking, and a classic tin shed. Located steps from City Park and Bayou St John, the home is also walkable to restaurants, shops, nightlife, Jazz Fest, and Endymion events.
The smaller dependency is a 1-bedroom, 1-bath space with a quait side entry patio, and its usable size can vary up to approximately 737 square feet depending on how the space is configured. Utility separation is supported by two electric meters, with one water meter and one gas meter serving the building. Recent improvements include a new plumbing drain line and a roof that is about one year old.
Additional upgrades include copper plumbing supply lines throughout, modern electrical systems with many improvements, insulated walls, and a 6-year-old high-efficiency Lennox HVAC system with ductwork. Outside, the property provides a private backyard shaded by mature trees, off-street parking, and a classic tin shed. Located steps from City Park and Bayou St John, the home is also walkable to restaurants, shops, nightlife, Jazz Fest, and Endymion events.
Key Highlights
- 1938 arts & crafts bungalow with 3 bedrooms and 2 full bathrooms
- Separate access for guest/mother‑in‑law suite, home office, studio, or potential apartment setup
- 1‑bedroom, 1‑bath dependency with its own utilities and a side entry patio; size up to 737 SF (approx.) depending on use
Local 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 | $35.0k | $19.80 |
| − Vacancy | −$3.0k | −$1.71 |
| EGI | $31.9k | $18.09 |
| − OpEx | −$9.6k | −$5.43 |
| NOI | $22.4k | $12.66 |
1,766 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.5K
$279.5K – $372.7K
NOI $22,362 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$293.6K
$256.9K – $342.6K
NOI $20,554 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$462.1K
$404.3K – $539.1K
NOI $32,347 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 1938 arts & crafts bungalow with modern upgrades and separate access, including a 1-bedroom dependency with its own utilities.
Where is this duplex located?
The property is located at 4117 Stewart Court New Orleans, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1938 arts & crafts bungalow with 3 bedrooms and 2 full bathrooms; Separate access for guest/mother‑in‑law suite, home office, studio, or potential apartment setup; 1‑bedroom, 1‑bath dependency with its own utilities and a side entry patio; size up to 737 SF (approx.) depending on use
