Duplex with Flexible Den
New
For Sale
$620,000
4315 17 Pitt St, New Orleans, LA 70115
Both residences include two bedrooms, a dining area, and additional den space.
Property Size3,200 SF
Price / SF$193.75
Days on Market3
Property Features for 4315 17 Pitt St
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Touro
Public Transit
Yes
Units
Unit Mix
2BR/2BA, 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1920
Listing Agency:
United Real Estate Partners LLC
(504) 305-4930
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 24 at 3:03PM
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 LLC
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Investment Insights
Based on property information with market context.
This 3,200-square-foot duplex, built in 1920, contains two residences, each with two bedrooms, a dining area, and a den. The lower unit has two full bathrooms and is vacant; the upper unit has one full bathroom and is leased. Living areas and the den spaces provide distinct areas beyond the bedrooms.
The property is in Uptown, close to the streetcar line and neighborhood restaurants, shops, and everyday services.
The property is in Uptown, close to the streetcar line and neighborhood restaurants, shops, and everyday services.
Key Highlights
- 3,200‑square‑foot duplex built in 1920
- Two residences, each with 2 bedrooms, a dining area, and a den
- Lower unit is vacant and includes 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,504
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,080
$550.1K
Cap Rate 7%
$392,914
$392.9K
Cap Rate 9%
$305,600
$305.6K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$43.0K $13.44/SF
− Vacancy
−$3.7K −$1.16/SF
EGI
$39.3K $12.28/SF
− OpEx
−$11.8K −$3.68/SF
NOI
$27.5K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,080
Cap Rate 7%
$392,914
Cap Rate 9%
$305,600
Alternative Uses
Best Use
Multifamily LT 5
$392.9K
$343.8K – $458.4K
NOI $27,504 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$348.3K
$304.8K – $406.4K
NOI $24,382 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$844.3K
$738.7K – $985.0K
NOI $59,098 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,841
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
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 - Both residences include two bedrooms, a dining area, and additional den space.
Where is this duplex located?
The property is located at 4315 17 Pitt St New Orleans, LA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 3,200‑square‑foot duplex built in 1920; Two residences, each with 2 bedrooms, a dining area, and a den; Lower unit is vacant and includes 2 full bathrooms
