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    Historic Bungalow with Separate Suite Title is generated by Realmo AI

    4117 STEWART Court, New Orleans, LA 70119

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    Claim this Listing
    New
    For Sale
    $575,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    1,766 SF
    Price / SF:
    $325/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 5:06 pm

    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
    Active
    APN
    2
    Size
    1,766 SF

    Taxes and HOA fees

    Tax Description
    as per title

    Utilities

    Heating system
    Ductless (Heating), Other (Heating), Central
    Cooling system
    Central Air, Wall Unit(s), Ductless
    Water source
    Public

    Building Details

    Year built
    1938
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Aaron Dare

    Listing agent Aaron Dare License #995681183

    Listing office Crane Realtors 138 N Cortez Street, New Orleans, LA

    Listing date Jun 3, 2026

    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.

    HighLights

    • 1938 arts & crafts bungalow with historic character features like cypress trim and exposed ceiling beams, plus wood floors and vaulted ceilings
    • Includes separate access that can support flexible living (main home plus a smaller 1 bed/1 bath dependency up to 737 SF, depending on use)
    • Two electric meters plus separate utility metering: one water meter and one gas meter for the building
    • Recent improvements include a new plumbing drain line and a 1‑year‑old roof; copper plumbing supply lines throughout
    • Comfort features include a 6‑year‑old high‑efficiency Lennox HVAC system with ductwork, plus central and ductless heating/cooling options
    • Private outdoor spaces with courtyard, fenced yard, off‑street parking, and a classic tin shed; shingle roof and public water

    Overview

    This 1938 arts-and-crafts bungalow blends original character with modern updates. A welcoming front porch leads to light-filled living areas featuring wood floors and vaulted ceilings, with original details such as cypress trim and exposed ceiling beams. The home includes a spacious kitchen and dining area and a flexible plan designed to adapt to changing needs. Separate access supports use as a guest or mother-in-law suite, home office, studio, or a separate apartment, with a quiet side entry patio. In addition, there is a smaller 1-bedroom, 1-bath dependency with variable size depending on how the space is used.

    The property is located in the City Park Triangle at the end of Stewart Court. It offers a private backyard shaded by mature trees, off-street parking, and a classic tin shed. Utility services are separately metered with two electric meters, plus one water and one gas meter for the building.

    Recent improvements include a new plumbing drain line and a roof that is about one year old. The interior has copper plumbing supply lines, modern electrical systems with many upgrades, and insulated walls throughout. A high-efficiency Lennox HVAC system with ductwork is approximately six years old, contributing to year-round comfort. The configuration and separate access make the home workable for an owner looking for multi-use space or for someone considering a separate rental setup within the same property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.094374
    Latitude
    29.981764

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    FAQs

    What type of property is this?
    Duplex - A 1938 arts-and-crafts home with flexible layout and separate-access suite, supported by updated mechanicals and 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 historic character features like cypress trim and exposed ceiling beams, plus wood floors and vaulted ceilings; Includes separate access that can support flexible living (main home plus a smaller 1 bed/1 bath dependency up to 737 SF, depending on use); Two electric meters plus separate utility metering: one water meter and one gas meter for the building
    (504) 899-8666
    We can help!
    Listing Contact
    Aaron Dare
    Real Estate License ID: 995681183
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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