Renovated Duplex with Rear
418-20 Henry Clay Avenue New Orleans, LA 70118
418-20 Henry Clay Avenue, New Orleans, LA, 70118
$899,000
For Sale
$899,000
Turnkey renovated duplex includes custom kitchens, tall ceilings with exposed beams, and a rented rear studio unit.
Property Size2,122 SF
Price / SF$423.66
Days on Market73
Property Features for 418-20 Henry Clay Avenue
General Information
- Standard status
- Active
- Size
- 2,122 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1900
Listing Agency
McEnery Residential, LLC
(504) 259-2561
Listed by
Lesley Poche · License #000017799
(504) 259-2561
Source
Compass
Added: May 7 Checked: Jul 17 at 4:12 am
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 McEnery Residential, LLC
Investment Insights
Based on property information with market context.
This custom-renovated duplex offers original character with modern updates. Interiors feature hardwood floors, tall ceilings with exposed beams, and brick fireplaces. The homes include custom kitchens with cabinetry, granite countertops, and high-end appliances, along with walk-in closets on both sides.
The property is located at 418-20 Henry Clay Avenue in New Orleans, in an Uptown area described as desirable. Public remarks note the home is about two blocks to Audubon Park. The duplex also includes a rear efficiency unit set up as a studio apartment, with a kitchenette, full bathroom, and laundry facilities.
The front portions of the duplex can work well for an owner-occupant or a tenant seeking a character-filled residence with substantial in-unit storage and fireplace features. The rear studio is currently rented and may provide flexibility for additional income or future use as a home office or guest suite, depending on the operator’s needs. With a full renovation and multiple independent living areas, this property is positioned for practical, easy-to-manage residential income or mixed-use occupancy.
The property is located at 418-20 Henry Clay Avenue in New Orleans, in an Uptown area described as desirable. Public remarks note the home is about two blocks to Audubon Park. The duplex also includes a rear efficiency unit set up as a studio apartment, with a kitchenette, full bathroom, and laundry facilities.
The front portions of the duplex can work well for an owner-occupant or a tenant seeking a character-filled residence with substantial in-unit storage and fireplace features. The rear studio is currently rented and may provide flexibility for additional income or future use as a home office or guest suite, depending on the operator’s needs. With a full renovation and multiple independent living areas, this property is positioned for practical, easy-to-manage residential income or mixed-use occupancy.
Key Highlights
- Renovated 2‑bed, 3‑full/2‑part bath duplex with 1900 construction, featuring wood siding and a porch
- Custom kitchen(s) with granite countertops and high‑end appliances
- Original details including hardwood floors, exposed beams on tall ceilings, and brick fireplaces
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 | $42.0k | $19.80 |
| − Vacancy | −$3.6k | −$1.71 |
| EGI | $38.4k | $18.09 |
| − OpEx | −$11.5k | −$5.43 |
| NOI | $26.9k | $12.66 |
2,122 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$383.9K
$335.9K – $447.8K
NOI $26,870 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$352.8K
$308.7K – $411.6K
NOI $24,698 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$539.3K
$471.9K – $629.2K
NOI $37,754 @ 7.0% cap · market cap 4.20%
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 - Turnkey renovated duplex includes custom kitchens, tall ceilings with exposed beams, and a rented rear studio unit.
Where is this duplex located?
The property is located at 418-20 Henry Clay Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Renovated 2‑bed, 3‑full/2‑part bath duplex with 1900 construction, featuring wood siding and a porch; Custom kitchen(s) with granite countertops and high‑end appliances; Original details including hardwood floors, exposed beams on tall ceilings, and brick fireplaces
