2-Unit Duplex with Wood
For Sale
$156,000
4334 Majestic Oaks Dr, New Orleans, LA 70126
Section 8-approved duplex with matching two-bedroom layouts and wood flooring in living areas and bedrooms.
Property Size980 SF
Price / SF$159.18
Days on Market71
Property Features for 4334 Majestic Oaks Dr
General Information
Standard status
Active
Size
980 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1975
Listing Agency:
Nola Living Realty
(504) 301-9757
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Aug 10
Changed: Oct 19
Last Checked: Oct 19 at 7:22AM
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 duplex contains two residential units, each arranged with two bedrooms and one bathroom. Wood flooring extends through the living areas and bedrooms in both units, providing a consistent interior finish across the property. The building was constructed in 1975.
Located at 4334 Majestic Oaks Dr in New Orleans, the property is Section 8 approved. Its two-unit configuration and matching floor plans support straightforward residential income use.
Located at 4334 Majestic Oaks Dr in New Orleans, the property is Section 8 approved. Its two-unit configuration and matching floor plans support straightforward residential income use.
Key Highlights
- Two‑unit duplex with matching two‑bedroom, one‑bathroom layouts
- Wood flooring in the living areas and bedrooms of both units
- Section 8 approved
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,007
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,140
$160.1K
Cap Rate 7%
$114,386
$114.4K
Cap Rate 9%
$88,967
$89.0K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$12.6K $12.84/SF
− Vacancy
−$1.1K −$1.17/SF
EGI
$11.4K $11.67/SF
− OpEx
−$3.4K −$3.50/SF
NOI
$8.0K $8.17/SF
Area
ZIP 70126
Vacancy
9.10%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,140
Cap Rate 7%
$114,386
Cap Rate 9%
$88,967
Alternative Uses
Best Use
Multifamily LT 5
$114.4K
$100.1K – $133.5K
NOI $8,007 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$110.3K
$96.5K – $128.6K
NOI $7,718 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$257.0K
$224.9K – $299.9K
NOI $17,993 @ 7.0% cap · market cap 11.53%
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
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 70126, LA
30,397
Population
12,686
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
87%
High-School Grad
12.1 sq mi
ZIP Area
2,512
Density / Sq Mi
$38,229
Median Household Income
$29,510
Median Earnings
$1,118
Median Rent
$187,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Section 8-approved duplex with matching two-bedroom layouts and wood flooring in living areas and bedrooms.
Where is this duplex located?
The property is located at 4334 Majestic Oaks Dr New Orleans, LA.
What is the asking price?
The asking price for this property is $156,000.
What are key features of this property?
This property features: Two‑unit duplex with matching two‑bedroom, one‑bathroom layouts; Wood flooring in the living areas and bedrooms of both units; Section 8 approved
