Two-Unit Duplex with Wood
4404 Walmsley Avenue, New Orleans, LA 70125
For Sale
$389,900
Two residences offer separate layouts, outdoor areas, and off-street parking.
Property Size2,641 SF
Lot Size0.13 Acres
Price / SF$147.63
Days on Market87
Property Features for 4404 Walmsley Avenue
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Year Renovated
Units
Listing Agency:
Realty Executives SELA
(504) 883-5252
Listed By:
Scott M Gibson
(504) 813-5301
Source:
Donaldjulienrealestate
Added: Aug 20
Changed: Nov 8
Last Checked: Nov 13 at 6:39PM
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
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Investment Insights
Based on property information with market context.
This raised duplex contains 2,641 square feet and was built in 1930. Renovated in 2007, the property has 10-foot ceilings and wood floors. The front residence includes three bedrooms and two bathrooms, along with beamed ceilings and a side yard. At the rear, a two-bedroom, one-bathroom unit has its own patio and shed. Exterior paint was applied in 2026, and the roof is four years old.
The property occupies a 46-by-120-foot lot on Walmsley Avenue in New Orleans. Its location is near Uptown universities and restaurants, and off-street parking is provided.
The property occupies a 46-by-120-foot lot on Walmsley Avenue in New Orleans. Its location is near Uptown universities and restaurants, and off-street parking is provided.
Key Highlights
- Two‑unit raised duplex with 2,641 square feet
- 46‑by‑120‑foot lot
- Front unit: 3 bedrooms, 2 bathrooms, beamed ceilings, and side yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,442
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,840
$668.8K
Cap Rate 7%
$477,743
$477.7K
Cap Rate 9%
$371,578
$371.6K
Market Conditions
NOI Build-Up for 2,641 SF
Gross rent
$52.3K $19.80/SF
− Vacancy
−$4.5K −$1.71/SF
EGI
$47.8K $18.09/SF
− OpEx
−$14.3K −$5.43/SF
NOI
$33.4K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,840
Cap Rate 7%
$477,743
Cap Rate 9%
$371,578
Alternative Uses
Best Use
Multifamily LT 5
$477.7K
$418.0K – $557.4K
NOI $33,442 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$439.1K
$384.2K – $512.3K
NOI $30,738 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$671.3K
$587.4K – $783.1K
NOI $46,988 @ 7.0% cap · market cap 12.05%
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
1,087
Businesses Nearby
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Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
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Market
Average Price Trend$/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 - Two residences offer separate layouts, outdoor areas, and off-street parking.
Where is this duplex located?
The property is located at 4404 Walmsley Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two‑unit raised duplex with 2,641 square feet; 46‑by‑120‑foot lot; Front unit: 3 bedrooms, 2 bathrooms, beamed ceilings, and side yard
