Corner-Lot Duplex with Outdoor
438 S Clark Street, New Orleans, LA 70119
For Sale
New
$475,000
Multifamily, New Orleans, LA
Property Size3,486 SF
Lot Size0.09 Acres
Price / SF$136.26
Days on Market4
Property Features for 438 S Clark Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Appliances
Lot features
View
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
central air and heat
in-unit washer and dryer
fully fenced backyard
upper deck
balcony
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Michael J Styles · License LA #995690479
(504) 777-1773
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 200UGV
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,486-square-foot duplex, built in 1969, sits on a 0.09-acre corner parcel. Both units have central heating and air, separate in-unit washers and dryers, and off-street parking. Outdoor features include a fenced backyard, patio, upper deck, and balcony with a view of the park across the street.
The property is in New Orleans’ Mid-City area, steps from Bayou St. John and the Lafitte Greenway. Public water and sewer serve the site.
The property is in New Orleans’ Mid-City area, steps from Bayou St. John and the Lafitte Greenway. Public water and sewer serve the site.
Key Highlights
- 3,486‑square‑foot duplex on a 0.09‑acre corner lot
- Built in 1969
- Central heating and air in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,573
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,460
$811.5K
Cap Rate 7%
$579,614
$579.6K
Cap Rate 9%
$450,811
$450.8K
Market Conditions
NOI Build-Up for 3,486 SF
Gross rent
$81.2K $23.28/SF
− Vacancy
−$7.4K −$2.12/SF
EGI
$73.8K $21.16/SF
− OpEx
−$33.2K −$9.52/SF
NOI
$40.6K $11.64/SF
Area
ZIP 70119
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,460
Cap Rate 7%
$579,614
Cap Rate 9%
$450,811
Alternative Uses
Best Use
Multifamily LT 5
$630.6K
$551.8K – $735.7K
NOI $44,141 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$579.6K
$507.2K – $676.2K
NOI $40,573 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$912.2K
$798.2K – $1.06M
NOI $63,852 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,358
Businesses Nearby
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Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has central heating and air, in-unit laundry, and off-street parking.
Where is this duplex located?
The property is located at 438 S Clark Street New Orleans, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,486‑square‑foot duplex on a 0.09‑acre corner lot; Built in 1969; Central heating and air in both units
