Camelback Duplex with Corner Lot

4336-38 Palmyra Street, New Orleans, LA 70119

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For Sale

$525,000

Well-maintained duplex with renovated baths, independent bedrooms, and major systems updates for comfortable owner or rental use.

Type:MULTI FAMILY FOR SALE / Townhouse

Property size:

3,240 SF

Price / SF:

$162/SF

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
Renovated bathrooms in both units, including a spacious primary bath with a large walk‑in closet en suite
Updated systems: 2025 roof, fully updated electrical and plumbing, and new AC on the rental side
Owner and rental kitchens each feature large pantries; owner side includes a breakfast island and new stainless steel appliances

We can help!

Listing Contact

Andrew Grafe

Learn more

For Sale

$525,000

Well-maintained duplex with renovated baths, independent bedrooms, and major systems updates for comfortable owner or rental use.

Type:MULTI FAMILY FOR SALE / Townhouse

Property size:

3,240 SF

Price / SF:

$162/SF

Added:: Jun 2, 2026
Days on Market:: 8
Last Refresh:: Jun 6 at 2:34 am

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

We can help!

Listing Contact

Andrew Grafe

Listing agent Andrew Grafe License #995682122

Listing office FQR Realtors

Listing date Jun 2, 2026

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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

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
Renovated bathrooms in both units, including a spacious primary bath with a large walk‑in closet en suite
Updated systems: 2025 roof, fully updated electrical and plumbing, and new AC on the rental side
Owner and rental kitchens each feature large pantries; owner side includes a breakfast island and new stainless steel appliances

Overview

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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $41,026 @ 7.0% cap · market cap 7.81%

Second Best

Apartment 5plus

$538.7K

$471.4K – $628.5K (±1% cap)

NOI $37,710 @ 7.0% cap · market cap 7.18%

Theoretical Best

Office A

$847.8K

$741.8K – $989.1K (±1% cap)

NOI $59,346 @ 7.0% cap · market cap 11.30%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.105681
Latitude: 29.9749717

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For sale
Duplexes
LA
New Orleans
70119
4336-38 Palmyra Street

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