Move-In Ready Corner Lot
431-429 South Genois Street New Orleans, LA 70119
431-429 South Genois Street, New Orleans, LA, 70119
$425,000
For Sale
$425,000
Renovated duplex with updated interiors, certified AC, and roof history for flexible owner-occupant or rental use.
Property Size1,979 SF
Price / SF$214.75
Days on Market87
Property Features for 431-429 South Genois Street
General Information
- Standard status
- Active
- Size
- 1,979 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1900
Listing agency
NOLA Living Realty
(504) 460-5346
Listed by
Michele Mancuso · License #995703915
(504) 460-5346
Source
Compass
Added: Apr 27 Updated: Jul 10 at 1:51PM Checked: Jul 22 at 7:17AM
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 NOLA Living Realty
Investment Insights
Based on property information with market context.
This mid-city duplex is offered move-in ready after recent seller improvements. Updates include new flooring throughout with no carpet, a renovated kitchen featuring stone countertops, and a fully updated bathroom. The property also includes mechanical systems in strong condition, with a certified AC system that has been serviced, and a roof installed in 2009.
Set on a corner lot, the configuration supports an owner-occupant approach (live in one side while renting the other) or renting both units. The rear portion offers an indicated ability to convert back to a driveway. The property is described as being just minutes from the I-10 corridor, Tulane Hospital, the bio-district, and local universities.
For tenants, the combination of refreshed interiors and completed maintenance items can simplify immediate occupancy. For buyers, the duplex layout provides practical flexibility: occupy one unit and offset costs with the other, or operate as an income property with both sides available to rent. Please arrange showings through a licensed real estate agent and do not trespass.
Set on a corner lot, the configuration supports an owner-occupant approach (live in one side while renting the other) or renting both units. The rear portion offers an indicated ability to convert back to a driveway. The property is described as being just minutes from the I-10 corridor, Tulane Hospital, the bio-district, and local universities.
For tenants, the combination of refreshed interiors and completed maintenance items can simplify immediate occupancy. For buyers, the duplex layout provides practical flexibility: occupy one unit and offset costs with the other, or operate as an income property with both sides available to rent. Please arrange showings through a licensed real estate agent and do not trespass.
Key Highlights
- Renovated duplex with over $75,000 in recent improvements, including new flooring throughout (no carpet)
- 6 bedrooms and 2 full bathrooms; classic 1‑story layout with a porch
- Renovated kitchen with stone countertops and a fully updated bathroom
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 | $39.2k | $19.80 |
| − Vacancy | −$3.4k | −$1.71 |
| EGI | $35.8k | $18.09 |
| − OpEx | −$10.7k | −$5.43 |
| NOI | $25.1k | $12.66 |
1,979 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.0K
$313.2K – $417.7K
NOI $25,059 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$329.0K
$287.9K – $383.9K
NOI $23,033 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$517.8K
$453.1K – $604.2K
NOI $36,249 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated duplex with updated interiors, certified AC, and roof history for flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 431-429 South Genois Street New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Renovated duplex with over $75,000 in recent improvements, including new flooring throughout (no carpet); 6 bedrooms and 2 full bathrooms; classic 1‑story layout with a porch; Renovated kitchen with stone countertops and a fully updated bathroom
