Mid-City Duplex Income
4312-14 Banks Street New Orleans, LA 70119
4312-14 Banks Street, New Orleans, LA, 70119
$515,000
For Sale
$515,000
Double with two separate electric meters, open floor plans, and central air and heat across both units.
Property Size2,480 SF
Price / SF$207.66
Days on Market190
Property Features for 4312-14 Banks Street
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2009
Listing agency
Keller Williams Realty New Orleans
(504) 722-7003
Listed by
Kimberly Boudreaux · License #995712760
(504) 722-7003
Source
Compass
Added: Jan 13 Updated: Jul 21 at 1:34AM Checked: Jul 22 at 10:10AM
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 Keller Williams Realty New Orleans
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two units, each laid out with an open floor plan. The property includes 6 bedrooms and 4 bathrooms total, with 3 bedrooms and 2 bathrooms in each unit. Updates completed in 2023 include granite countertops, fresh paint, ceiling fans, and stainless steel appliances (refrigerator, range/oven, microwave, and dishwasher). Both units are all-electric with no gas. Interior finishes feature laminate wood flooring with no carpet. Each unit includes central air and heat, and there are two separate electric meters and one shared water meter.
The property is listed for sale and is described as being in close proximity to popular eateries and public transportation.
The property is listed for sale and is described as being in close proximity to popular eateries and public transportation.
Key Highlights
- 2009‑built 2‑story double with 6 bedrooms and 4 full bathrooms (3/2 in each unit)
- Income‑producing duplex with one unit currently rented
- Each unit has central air and central heating; all‑electric construction (no gas)
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 | $49.1k | $19.80 |
| − Vacancy | −$4.2k | −$1.71 |
| EGI | $44.9k | $18.09 |
| − OpEx | −$13.5k | −$5.43 |
| NOI | $31.4k | $12.66 |
2,480 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.6K
$392.5K – $523.4K
NOI $31,403 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$412.3K
$360.8K – $481.1K
NOI $28,864 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$648.9K
$567.8K – $757.1K
NOI $45,426 @ 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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Double with two separate electric meters, open floor plans, and central air and heat across both units.
Where is this duplex located?
The property is located at 4312-14 Banks Street New Orleans, LA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2009‑built 2‑story double with 6 bedrooms and 4 full bathrooms (3/2 in each unit); Income‑producing duplex with one unit currently rented; Each unit has central air and central heating; all‑electric construction (no gas)
