Historic Bungalow Duplex with Separate
4117 STEWART Court New Orleans, LA 70119
4117 STEWART Court, New Orleans, LA, 70119
$575,000
Pending
For Sale
$575,000
Pending
MULTI_FAMILY - New Orleans, LA
Property Size1,766 SF
Days on Market47
Property Features for 4117 STEWART Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Exterior features
- Courtyard, Fence
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 2
- Size
- 1,766 SF
Taxes and HOA fees
- Tax Description
- as per title
Utilities
- Heating system
- Other (Heating), Central, Ductless (Heating)
- Cooling system
- Wall Unit(s), Central Air, Ductless
- Water source
- Public
Building Details
- Year built
- 1938
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Crane Realtors
(504) 210-2014
138 N Cortez Street, New Orleans, LA
Listed by
Aaron Dare · License #995681183
(504) 899-8666
Added: Jun 3 Checked: Jul 19 at 5:06 am
MLS# 2561177
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.
Investment Insights
Based on property information with market context.
Located at 4117 STEWART Court in a City Park Triangle setting, this 1938 arts-and-crafts bungalow sits at the end of a tucked-away Stewart Court. The home blends original character such as cypress trim and exposed ceiling beams with modern updates, including wood floors and vaulted ceilings. A welcoming front porch leads into light-filled living spaces with a flexible layout. There is separate access that can be used as a guest or mother-in-law suite, home office, studio, or as a potential income-producing apartment, with its own quiet-side entry patio.
The property is served by two electric meters that split the building in half, along with one water and one gas meter. Improvements include a 1-year-old roof and a recent new plumbing drain line, plus copper plumbing supply lines throughout. Mechanical upgrades include a 6-year-old high-efficiency Lennox HVAC system and ductwork, with insulated walls throughout and modern electrical systems with many upgrades. Outside, enjoy a private backyard with mature trees, off-street parking, and a classic tin shed.
The property is served by two electric meters that split the building in half, along with one water and one gas meter. Improvements include a 1-year-old roof and a recent new plumbing drain line, plus copper plumbing supply lines throughout. Mechanical upgrades include a 6-year-old high-efficiency Lennox HVAC system and ductwork, with insulated walls throughout and modern electrical systems with many upgrades. Outside, enjoy a private backyard with mature trees, off-street parking, and a classic tin shed.
Key Highlights
- 1938 arts & crafts bungalow in City Park Triangle at the end of Stewart Court
- Flexible layout with separate access that can serve as a guest or mother‑in‑law suite, home office, or studio
- 1‑bed, 1‑bath dependency with a quiet side entry patio; up to 737 SF 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
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FAQs
What type of property is this?
Duplex - 1938 arts-and-crafts duplex with separate patio entry and two electric meters.
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 in City Park Triangle at the end of Stewart Court; Flexible layout with separate access that can serve as a guest or mother‑in‑law suite, home office, or studio; 1‑bed, 1‑bath dependency with a quiet side entry patio; up to 737 SF depending on use
