Camelback Duplex with Corner
4336-38 Palmyra Street New Orleans, LA 70119
For Sale
$525,000
Well-maintained duplex with renovated baths, independent bedrooms, and major systems updates for comfortable owner or rental use.
Property Size3,240 SF
Price / SF$162.04
Days on Market84
Property Features for 4336-38 Palmyra Street
General Information
- Standard status
- Active
- Size
- 3,240 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1890
Listing Agency:
FQR Realtors
(504) 529-9559
Listed By:
Andrew Grafe · License #995682122
(504) 529-9559
Source:
Compass
Added: May 2
Changed: Jul 10
Last Checked: Jul 23 at 9:52AM
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 FQR Realtors
Investment Insights
Based on property information with market context.
This camelback double duplex blends historic New Orleans character with modern updates. Interiors feature hardwood floors, 11-foot ceilings, decorative millwork, and stained-glass ornamentation, along with cypress doors and pocket doors. Both units include renovated bathrooms, and the kitchens offer large pantries and nearby laundry rooms with additional storage. The owner’s side adds a light-filled kitchen with a breakfast island and new stainless-steel appliances, plus a spacious primary bedroom with an en-suite walk-in closet. Layout-wise, the bedrooms are independent rather than a pass-through shotgun arrangement. On the owner’s side, a portion of the attic has been converted to additional living space that can serve as an office, den, or guest room.
The property sits on a corner lot. It is about a block from dining on Banks Street and within a few blocks of retail and dining options around Canal & Carrollton.
For tenants, the plan supports privacy with independent bedrooms and practical in-unit storage, laundry access, and updated bathroom finishes. For buyers, recent capital improvements include a 2025 roof, updated electrical and plumbing systems, and a new A/C system on the rental side, helping support a move-in-ready condition across both units.
The property sits on a corner lot. It is about a block from dining on Banks Street and within a few blocks of retail and dining options around Canal & Carrollton.
For tenants, the plan supports privacy with independent bedrooms and practical in-unit storage, laundry access, and updated bathroom finishes. For buyers, recent capital improvements include a 2025 roof, updated electrical and plumbing systems, and a new A/C system on the rental side, helping support a move-in-ready condition across both units.
Key Highlights
- Camelback double duplex built in 1890 with 2 stories on a corner lot
- 5 bedrooms and 5 full/partial baths total (3 full, 2 partial) across two units
- Hardwood floors and 11‑ft ceilings with decorative millwork, stained glass ornamentation, and cypress doors
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 | $64.2k | $19.80 |
| − Vacancy | −$5.5k | −$1.71 |
| EGI | $58.6k | $18.09 |
| − OpEx | −$17.6k | −$5.43 |
| NOI | $41.0k | $12.66 |
3,240 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$586.1K
$512.8K – $683.8K
NOI $41,026 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$538.7K
$471.4K – $628.5K
NOI $37,710 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$847.8K
$741.8K – $989.1K
NOI $59,346 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with renovated baths, independent bedrooms, and major systems updates for comfortable owner or rental use.
Where is this duplex located?
The property is located at 4336-38 Palmyra Street New Orleans, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Camelback double duplex built in 1890 with 2 stories on a corner lot; 5 bedrooms and 5 full/partial baths total (3 full, 2 partial) across two units; Hardwood floors and 11‑ft ceilings with decorative millwork, stained glass ornamentation, and cypress doors
