Two-Unit Duplex with Shotgun
417-419 MacArthur Avenue Harvey, LA 70058
For Sale
$265,000
Duplex with two 2-bedroom, 1-bath units, tall ceilings, granite countertops, and Hardie plank siding.
Property Size1,726 SF
Price / SF$153.53
Days on Market106
Property Features for 417-419 MacArthur Avenue
General Information
- Standard status
- Active
- Size
- 1,726 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1950
Listing Agency:
Crescent Sotheby's International
(504) 458-1609
Listed By:
Kelly Serio · License #995691821
(504) 458-1609
Source:
Compass
Added: Apr 9
Changed: Jul 23
Last Checked: Jul 23 at 5:37PM
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 Crescent Sotheby's International
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate 2-bedroom, 1-bath units arranged in a classic shotgun-style layout. Tall ceilings help create a light, airy feel throughout, and both units feature granite countertops. The exterior is built with durable Hardie plank siding.
The property is located at 417-419 MacArthur Avenue in Harvey, Louisiana, and includes a spacious backyard. Per the current information provided, the duplex is currently leased at below-market rents due to a long-term tenant, creating potential for investors seeking improved cash flow over time. Owner-occupants may also have the option to live in one unit while generating rental income from the other.
The property is located at 417-419 MacArthur Avenue in Harvey, Louisiana, and includes a spacious backyard. Per the current information provided, the duplex is currently leased at below-market rents due to a long-term tenant, creating potential for investors seeking improved cash flow over time. Owner-occupants may also have the option to live in one unit while generating rental income from the other.
Key Highlights
- Double/duplex with two 2‑bedroom, 1‑bath units
- Central air and central heating; in‑unit laundry
- Shotgun‑style layout with tall ceilings
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 | $29.6k | $17.16 |
| − Vacancy | −$2.6k | −$1.48 |
| EGI | $27.1k | $15.68 |
| − OpEx | −$8.1k | −$4.70 |
| NOI | $18.9k | $10.97 |
1,726 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$270.6K
$236.8K – $315.7K
NOI $18,941 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$253.0K
$221.3K – $295.1K
NOI $17,707 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$455.4K
$398.5K – $531.3K
NOI $31,876 @ 7.0% cap · market cap 12.03%
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 two 2-bedroom, 1-bath units, tall ceilings, granite countertops, and Hardie plank siding.
Where is this duplex located?
The property is located at 417-419 MacArthur Avenue Harvey, LA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Double/duplex with two 2‑bedroom, 1‑bath units; Central air and central heating; in‑unit laundry; Shotgun‑style layout with tall ceilings
