4200 STATE STREET Drive, New Orleans, LA 70125
- Added:
- May 15, 2026
- Days on Market:
- 32
- Last Refresh:
- Jun 15 at 6:06 am
Property Features for 4200 STATE STREET Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Driveway
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Porch
- Standard status
- Active
- APN
- 615114117
- Size
- 2,434 SF
Taxes and HOA fees
- Tax Description
- 1. BLOOMINGDALE UP STA EX 2. LOT 78 HF LOT 80 45X82/81 3. 4200-02 STATE STR DR DUP-W
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1947
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Derek Delahoussaye License #995680721 (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date May 15, 2026
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
- Updated duplex with two 2‑bedroom, 1‑bath units in the Fontainebleau neighborhood
- Each unit has its own porch and updated kitchen, plus a functional layout for tenants or owner‑occupants
- Upstairs unit includes original hardwood floors
- Separate utilities with each unit separately metered
- Central heat and central air; public water; asphalt shingle roof
- Includes washers and dryers for each unit, plus two long driveways with parking for at least four cars
Overview
Located in New Orleans’ Fontainebleau neighborhood along State Street, the property sits on a tree-lined setting. Parking is supported by two long driveways, with space for at least four cars.
For owner-occupants or investors, the duplex layout provides clear separation between the two units, with independent metering and included appliances to simplify move-in or operations. Each unit’s porch and updated kitchen features help support comfortable tenant appeal, while the parking arrangement and easy-showing availability add practical convenience.
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 | $48.2k | $19.80 |
| − Vacancy | −$4.2k | −$1.71 |
| EGI | $44.0k | $18.09 |
| − OpEx | −$13.2k | −$5.43 |
| NOI | $30.8k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.109367
- Latitude
- 29.954858
