Duplex Property with Original
For Sale
$390,000
4412 S CARROLLTON Avenue, New Orleans, LA 70119
Multi-Family, Shot Gun, New Orleans, LA
Property Size2,179 SF
Price / SF$178.98
Days on Market103
Property Features for 4412 S CARROLLTON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street
Lot features
Regular
Subdivision
MID CITY
Standard status
Active
APN
1-05-3-046-31
Size
2,179 SF
Taxes and HOA fees
Tax Description
SQ 759 LOTS 41 A PT 18 & 15 S CARROLLTON 32' X 120' 2. 4412-4414 S CARROLLTON AVE
Legal Description
SQ 759 LOTS 41 A PT 18 & 15 S CARROLLTON 32' X 120' 2. 4412-4414 S CARROLLTON AVE
Utilities
Cooling system
Window Unit(s)
Water source
Public
Amenities
high ceilings
original fireplaces
Building Details
Year built
1933
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Aurelia Montalvo
(504) 615-7451
Added: Jul 9
Changed: Sep 15
Last Checked: Oct 19 at 8:06PM
MLS# 2567040
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. 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.
Built in 1933, this 2,179-square-foot duplex offers two residential units with high ceilings, spacious bedrooms, and original fireplaces in each room. Window-unit cooling, a shingle roof, public water service, and off-street parking are also included. The property supports an owner-occupant arrangement with one unit available for rental income.
The home is positioned in a historic New Orleans neighborhood surrounded by restaurants, shopping, universities, and high schools. Audubon Park and City Park are a few minutes away, with the zoo also nearby. The combination of period details, two-unit configuration, and surrounding amenities gives the property both residential utility and income-producing potential.
The home is positioned in a historic New Orleans neighborhood surrounded by restaurants, shopping, universities, and high schools. Audubon Park and City Park are a few minutes away, with the zoo also nearby. The combination of period details, two-unit configuration, and surrounding amenities gives the property both residential utility and income-producing potential.
Key Highlights
- 2,179‑square‑foot duplex built in 1933
- Two‑unit configuration with potential to occupy one side and rent the other
- High ceilings, spacious bedrooms, and original fireplaces in each room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,592
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,840
$551.8K
Cap Rate 7%
$394,171
$394.2K
Cap Rate 9%
$306,578
$306.6K
Market Conditions
NOI Build-Up for 2,179 SF
Gross rent
$43.1K $19.80/SF
− Vacancy
−$3.7K −$1.71/SF
EGI
$39.4K $18.09/SF
− OpEx
−$11.8K −$5.43/SF
NOI
$27.6K $12.66/SF
Area
ZIP 70119
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%
$551,840
Cap Rate 7%
$394,171
Cap Rate 9%
$306,578
Alternative Uses
Best Use
Multifamily LT 5
$394.2K
$344.9K – $459.9K
NOI $27,592 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$362.3K
$317.0K – $422.7K
NOI $25,361 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$570.2K
$498.9K – $665.2K
NOI $39,912 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,042
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with off-street parking, high ceilings, and window-unit cooling.
Where is this duplex located?
The property is located at 4412 S CARROLLTON Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2,179‑square‑foot duplex built in 1933; Two‑unit configuration with potential to occupy one side and rent the other; High ceilings, spacious bedrooms, and original fireplaces in each room
