Duplex with Private
4321-23 South Derbigny Street New Orleans, LA 70125
4321-23 South Derbigny Street, New Orleans, LA, 70125
$499,000
For Sale
$499,000
Multi-level duplex with two units, in-unit laundry, covered porch, balcony, off-street parking, and private outdoor space.
Property Size3,020 SF
Price / SF$165.23
Days on Market105
Property Features for 4321-23 South Derbigny Street
General Information
- Standard status
- Active
- Size
- 3,020 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1927
Listing agency
Keller Williams Realty New Orleans
(504) 300-5179
Listed by
Brittany Picolo · License #995687117
(504) 300-5179
Source
Compass
Added: Apr 9 Updated: Jul 21 at 5:08AM Checked: Jul 21 at 5:08AM
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 multi-level duplex offers two separate residences within a single property, with updated interiors and in-unit laundry. The first floor Unit 4321 includes a large living area, dedicated dining space, and a well-appointed kitchen, along with three bedrooms and two full baths. Unit 4321 also features a small private fenced patio. The second floor Unit 4323 adds an additional full kitchen, living and dining areas, and a balcony, plus a spacious primary suite with a private bath and walk-in closet, and two additional bedrooms.
Outdoor amenities include a covered front porch, a large rear deck, and a substantial private backyard with a wooden deck and shed for extra storage. Off-street parking supports convenient day-to-day access. The property is described as having convenient access to major corridors, universities, medical centers, and local dining.
Interior finishes include wood flooring, tile in wet areas, recessed lighting, and updated fixtures throughout both units.
Outdoor amenities include a covered front porch, a large rear deck, and a substantial private backyard with a wooden deck and shed for extra storage. Off-street parking supports convenient day-to-day access. The property is described as having convenient access to major corridors, universities, medical centers, and local dining.
Interior finishes include wood flooring, tile in wet areas, recessed lighting, and updated fixtures throughout both units.
Key Highlights
- Duplex built in 1927 with 6 bedrooms and 4 full bathrooms and central heating and central air
- Over 3,000 sq ft of living space with two separate units: Unit 4321 (1st floor) and Unit 4323 (2nd floor)
- Unit 4321 includes 3 bedrooms, 2 full baths, dedicated dining space, and in‑unit laundry plus a small private fenced patio
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 | $59.8k | $19.80 |
| − Vacancy | −$5.2k | −$1.71 |
| EGI | $54.6k | $18.09 |
| − OpEx | −$16.4k | −$5.43 |
| NOI | $38.2k | $12.66 |
3,020 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$546.3K
$478.0K – $637.4K
NOI $38,241 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$502.1K
$439.4K – $585.8K
NOI $35,149 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$767.6K
$671.6K – $895.5K
NOI $53,731 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Multi-level duplex with two units, in-unit laundry, covered porch, balcony, off-street parking, and private outdoor space.
Where is this duplex located?
The property is located at 4321-23 South Derbigny Street New Orleans, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Duplex built in 1927 with 6 bedrooms and 4 full bathrooms and central heating and central air; Over 3,000 sq ft of living space with two separate units: Unit 4321 (1st floor) and Unit 4323 (2nd floor); Unit 4321 includes 3 bedrooms, 2 full baths, dedicated dining space, and in‑unit laundry plus a small private fenced patio
