Renovated Raised
4404-06 Walmsley Avenue New Orleans, LA 70125
4404-06 Walmsley Avenue, New Orleans, LA, 70125
$399,900
For Sale
$399,900
Raised duplex on a wide lot with 2007 renovations, 10-foot ceilings, wood floors, and off-street parking.
Property Size2,641 SF
Price / SF$151.42
Days on Market155
Property Features for 4404-06 Walmsley Avenue
General Information
- Standard status
- Active
- Size
- 2,641 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1928
Listing agency
Realty Executives SELA
(504) 813-5301
Listed by
Scott Gibson · License #995713287
(504) 813-5301
Source
Compass
Added: Feb 17 Updated: Jul 21 at 4:58AM Checked: Jul 21 at 4:58AM
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 Realty Executives SELA
Investment Insights
Based on property information with market context.
This renovated raised double offers two separate units with practical layouts and distinctive interior details. The front unit provides 3 bedrooms and 2 bathrooms, with beamed ceilings and wood floors. The rear unit features 2 bedrooms and 1 bathroom, along with a rear patio and an included shed. Off-street parking is available, and the property was renovated in 2007.
The double sits on a wide 46 by 120 lot and is described as being near Uptown universities and restaurants, supporting both everyday convenience and tenant appeal.
With 10-foot ceilings and wood flooring throughout, the property’s configuration is well-suited for income-focused ownership where separate unit functionality matters.
The double sits on a wide 46 by 120 lot and is described as being near Uptown universities and restaurants, supporting both everyday convenience and tenant appeal.
With 10-foot ceilings and wood flooring throughout, the property’s configuration is well-suited for income-focused ownership where separate unit functionality matters.
Key Highlights
- Raised double/duplex on a 46x120 lot with off‑street parking
- Renovated in 2007 with 10‑foot ceilings and wood floors
- Front unit: 3 bedrooms, 2 bathrooms, with beamed ceilings and side yard
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 | $52.3k | $19.80 |
| − Vacancy | −$4.5k | −$1.71 |
| EGI | $47.8k | $18.09 |
| − OpEx | −$14.3k | −$5.43 |
| NOI | $33.4k | $12.66 |
2,641 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$477.7K
$418.0K – $557.4K
NOI $33,442 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$439.1K
$384.2K – $512.3K
NOI $30,738 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$671.3K
$587.4K – $783.1K
NOI $46,988 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Raised duplex on a wide lot with 2007 renovations, 10-foot ceilings, wood floors, and off-street parking.
Where is this duplex located?
The property is located at 4404-06 Walmsley Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Raised double/duplex on a 46x120 lot with off‑street parking; Renovated in 2007 with 10‑foot ceilings and wood floors; Front unit: 3 bedrooms, 2 bathrooms, with beamed ceilings and side yard
