Duplex with Separate Utility
4214 Ulloa Street, New Orleans, LA 70119
For Sale
$315,000
Each residence has its own water and electric meters, supporting separate utility tracking.
Property Size1,974 SF
Price / SF$159.57
Days on Market60
Property Features for 4214 Ulloa Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Building Details
Building Size
Year Built
Units
Listing Agency:
Cedor Realty
(504) 315-3667
Listed By:
Shenique R Celestin · License LA #995717882
(504) 231-8795
Source:
Donaldjulienrealestate
Added: Sep 16
Changed: Nov 10
Last Checked: Nov 13 at 7:21PM
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 Cedor Realty
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Investment Insights
Based on property information with market context.
Built in 1929, this 1,974-square-foot duplex has two units, with individual water and electric meters serving each residence. The property has also received fresh paint and cosmetic updates.
The address is near the CBD and Metairie, with Costco, supermarkets, and restaurants in the surrounding area.
The address is near the CBD and Metairie, with Costco, supermarkets, and restaurants in the surrounding area.
Key Highlights
- Separate water and electric meters for each unit
- 1,974 square feet across the duplex
- Built in 1929
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,996
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,920
$499.9K
Cap Rate 7%
$357,086
$357.1K
Cap Rate 9%
$277,733
$277.7K
Market Conditions
NOI Build-Up for 1,974 SF
Gross rent
$39.1K $19.80/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$35.7K $18.09/SF
− OpEx
−$10.7K −$5.43/SF
NOI
$25.0K $12.66/SF
Area
ZIP 70119
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%
$499,920
Cap Rate 7%
$357,086
Cap Rate 9%
$277,733
Alternative Uses
Best Use
Multifamily LT 5
$357.1K
$312.5K – $416.6K
NOI $24,996 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$328.2K
$287.2K – $382.9K
NOI $22,975 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$516.5K
$452.0K – $602.6K
NOI $36,157 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
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Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own water and electric meters, supporting separate utility tracking.
Where is this duplex located?
The property is located at 4214 Ulloa Street New Orleans, LA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Separate water and electric meters for each unit; 1,974 square feet across the duplex; Built in 1929
