Duplex with Private
4241 Elba Street, New Orleans, LA 70125
For Sale
$325,000
Each residence has central air conditioning and private parking.
Property Size2,264 SF
Price / SF$143.55
Days on Market28
Property Features for 4241 Elba Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Amenities
central air conditioning
private parking
yard
Building Details
Buildings
Listing Agency:
United Real Estate Partners
(985) 256-5500
Listed By:
Marcela M Oviedo
(985) 773-3992
Source:
Exprealty
Added: Oct 18
Changed: Nov 4
Last Checked: Nov 12 at 9:52AM
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 United Real Estate Partners
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Investment Insights
Based on property information with market context.
The 2,264-square-foot duplex contains two units. One residence has an open layout, pine hardwood flooring, a white shaker-style kitchen with quartz counters and stainless steel appliances, and bathrooms updated with a new shower and tile. The other unit has not been renovated and is occupied by a long-term tenant at a discounted rate.
Both units have central air conditioning, private parking, and separate outdoor yards. The property also includes a large driveway and is located at 4241 Elba Street in New Orleans.
Both units have central air conditioning, private parking, and separate outdoor yards. The property also includes a large driveway and is located at 4241 Elba Street in New Orleans.
Key Highlights
- 2,264‑square‑foot duplex at 4241 Elba Street, New Orleans
- Both residences have central air conditioning, private parking, and separate outdoor yards
- One unit features an open layout, pine hardwood floors, quartz counters, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,668
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,360
$573.4K
Cap Rate 7%
$409,543
$409.5K
Cap Rate 9%
$318,533
$318.5K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$44.8K $19.80/SF
− Vacancy
−$3.9K −$1.71/SF
EGI
$41.0K $18.09/SF
− OpEx
−$12.3K −$5.43/SF
NOI
$28.7K $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%
$573,360
Cap Rate 7%
$409,543
Cap Rate 9%
$318,533
Alternative Uses
Best Use
Multifamily LT 5
$409.5K
$358.4K – $477.8K
NOI $28,668 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$376.4K
$329.4K – $439.2K
NOI $26,350 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$575.4K
$503.5K – $671.3K
NOI $40,280 @ 7.0% cap · market cap 12.39%
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
1,067
Businesses Nearby
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Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 central air conditioning and private parking.
Where is this duplex located?
The property is located at 4241 Elba Street New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,264‑square‑foot duplex at 4241 Elba Street, New Orleans; Both residences have central air conditioning, private parking, and separate outdoor yards; One unit features an open layout, pine hardwood floors, quartz counters, and stainless steel appliances
