Remodeled Duplex with
4230 South Johnson Street New Orleans, LA 70125
For Sale
$377,500
Each side offers two bedrooms and two bathrooms, remodeled in 2014 with recessed lighting and crown molding.
Property Size1,872 SF
Price / SF$201.66
Days on Market178
Property Features for 4230 South Johnson Street
General Information
- Standard status
- Active
- Size
- 1,872 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1965
Listing Agency:
Freret Realty
(504) 401-1755
Listed By:
Emma Bologna · License #995708622
(504) 401-1755
Source:
Compass
Added: Jan 27
Changed: Jul 23
Last Checked: Jul 24 at 12:18PM
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 Freret Realty
Investment Insights
Based on property information with market context.
This remodeled duplex has been maintained and updated, with each side configured as a two-bedroom, two-bath layout. Bathrooms include a hall bath and an en-suite bathroom in the back primary bedroom. Interior features include crown molding and recessed lighting, and the exterior presents clean and well kept. A driveway is included for off-street parking.
The property is located at 4230 South Johnson Street in New Orleans, LA 70125. One unit is already rented, providing immediate rental income while allowing the option for owner-occupancy in the other unit. The duplex was completely remodeled in 2014, offering a move-in ready setup for the next owner and tenant.
The property is located at 4230 South Johnson Street in New Orleans, LA 70125. One unit is already rented, providing immediate rental income while allowing the option for owner-occupancy in the other unit. The duplex was completely remodeled in 2014, offering a move-in ready setup for the next owner and tenant.
Key Highlights
- Duplex built in 1965 with central air and central heating
- Completely remodeled in 2014
- Each side features 2 bedrooms and 2 bathrooms (4 total beds/4 total baths)
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 | $37.1k | $19.80 |
| − Vacancy | −$3.2k | −$1.71 |
| EGI | $33.9k | $18.09 |
| − OpEx | −$10.2k | −$5.43 |
| NOI | $23.7k | $12.66 |
1,872 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.6K
$296.3K – $395.1K
NOI $23,704 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$311.3K
$272.4K – $363.1K
NOI $21,788 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$475.8K
$416.3K – $555.1K
NOI $33,306 @ 7.0% cap · market cap 8.82%
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 - Each side offers two bedrooms and two bathrooms, remodeled in 2014 with recessed lighting and crown molding.
Where is this duplex located?
The property is located at 4230 South Johnson Street New Orleans, LA.
What is the asking price?
The asking price for this property is $377,500.
What are key features of this property?
This property features: Duplex built in 1965 with central air and central heating; Completely remodeled in 2014; Each side features 2 bedrooms and 2 bathrooms (4 total beds/4 total baths)
