Renovated Duplex with Rear
For Sale
$849,000
Pending
418 HENRY CLAY Avenue, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size2,122 SF
Days on Market145
Property Features for 418 HENRY CLAY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
4
Full bathrooms
3
Half bathrooms
2
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 5
Patio and Porch features
Porch
Standard status
Pending
APN
418-HENRYCLAYAV
Size
2,122 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
BURTHEVILLE SQ 14 LOT 18 32X120
Legal Description
BURTHEVILLE SQ 14 LOT 18 32X120
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
Wood Siding
Architectural style
Victorian
Listing Agency:
McEnery Residential, LLC (MCEN02)
(504) 605-4400
Listed By:
Lesley F Poche · License #000017799
(504) 259-2561
Added: Jun 1
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 2560693
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,122-square-foot Victorian property contains two one-bedroom units and a detached rear studio. A renovation retained hardwood floors, exposed ceiling beams, and brick fireplaces while adding kitchens with granite counters, custom cabinetry, and high-end appliances. Walk-in closets and laundry are provided in the units. The studio includes a bedroom and living area, kitchenette, full bathroom, and laundry; it is currently rented with 418, and both share an electrical meter.
Key Highlights
- 2,122‑square‑foot Victorian property
- Two one‑bedroom units plus a separate rear studio
- Renovation preserves hardwood floors, exposed beams, and brick fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,870
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,400
$537.4K
Cap Rate 7%
$383,857
$383.9K
Cap Rate 9%
$298,556
$298.6K
Market Conditions
NOI Build-Up for 2,122 SF
Gross rent
$42.0K $19.80/SF
− Vacancy
−$3.6K −$1.71/SF
EGI
$38.4K $18.09/SF
− OpEx
−$11.5K −$5.43/SF
NOI
$26.9K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,400
Cap Rate 7%
$383,857
Cap Rate 9%
$298,556
Alternative Uses
Best Use
Multifamily LT 5
$383.9K
$335.9K – $447.8K
NOI $26,870 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$352.8K
$308.7K – $411.6K
NOI $24,698 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$539.3K
$471.9K – $629.2K
NOI $37,754 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences and a separate studio offer distinct living spaces, with laundry provided in each unit.
Where is this duplex located?
The property is located at 418 HENRY CLAY Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 2,122‑square‑foot Victorian property; Two one‑bedroom units plus a separate rear studio; Renovation preserves hardwood floors, exposed beams, and brick fireplaces
