Updated Duplex with Two
For Sale
$499,999
4312 14 Banks St, New Orleans, LA 70119
Two separate electric meters support the all-electric property, with central HVAC and in-unit laundry.
Property Size2,480 SF
Price / SF$201.61
Days on Market60
Property Features for 4312 14 Banks St
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
in-unit washer/dryer
central air and heat
Building Details
Year Built
2009
Listing Agency:
Nola Living Realty
(504) 301-9757
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Aug 21
Changed: Oct 19
Last Checked: Oct 19 at 7:10AM
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 Nola Living Realty
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Investment Insights
Based on property information with market context.
This 2,480-square-foot duplex, built in 2009, contains two independently configured units with three bedrooms and two bathrooms apiece. Both residences feature open living layouts, laminate wood flooring throughout, central air conditioning and heat, and dedicated washer and dryer appliances. Each unit also includes a refrigerator, range/oven, microwave, dishwasher, ceiling fans, and refreshed interior paint. Updates were completed in 2023.
The property is served by two separate electric meters and one water meter, with no gas service. Both units are currently rented, providing an existing income-producing configuration. Public transportation is located nearby, along with local eateries. The property is located at 4312 14 Banks St, New Orleans, LA 70119.
The property is served by two separate electric meters and one water meter, with no gas service. Both units are currently rented, providing an existing income-producing configuration. Public transportation is located nearby, along with local eateries. The property is located at 4312 14 Banks St, New Orleans, LA 70119.
Key Highlights
- 2,480 SF duplex with two 3‑bedroom, 2‑bathroom units
- 2023 property updates include fresh paint and stainless steel appliances
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,403
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,060
$628.1K
Cap Rate 7%
$448,614
$448.6K
Cap Rate 9%
$348,922
$348.9K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$49.1K $19.80/SF
− Vacancy
−$4.2K −$1.71/SF
EGI
$44.9K $18.09/SF
− OpEx
−$13.5K −$5.43/SF
NOI
$31.4K $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%
$628,060
Cap Rate 7%
$448,614
Cap Rate 9%
$348,922
Alternative Uses
Best Use
Multifamily LT 5
$448.6K
$392.5K – $523.4K
NOI $31,403 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$412.3K
$360.8K – $481.1K
NOI $28,864 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$648.9K
$567.8K – $757.1K
NOI $45,426 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,730
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate electric meters support the all-electric property, with central HVAC and in-unit laundry.
Where is this duplex located?
The property is located at 4312 14 Banks St New Orleans, LA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 2,480 SF duplex with two 3‑bedroom, 2‑bathroom units; 2023 property updates include fresh paint and stainless steel appliances; Both units are currently rented
