Duplex with Central
4518-20 Elba Street, New Orleans, LA 70125
For Sale
New
$350,000
Multifamily, New Orleans, LA
Property Size1,900 SF
Lot Size0.12 Acres
Price / SF$184.21
Days on Market4
Property Features for 4518-20 Elba Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Fencing
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Listing Agency:
Century 21 J. Carter & Company · Century 21 Real Estate
(504) 810-2825
Listed By:
Joey S Mangiapane · License LA #995694922
(504) 491-0172
Added: Nov 11
Last Checked: Nov 14 at 1:06AM
MLS# 200SPJ
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1,900 square feet and was built in 2006. Interior finishes include wood and tile flooring, with central heating and central air conditioning. A driveway provides on-site parking, and chain-link fencing is also present.
The property occupies a 0.1178-acre lot at 4518-20 Elba Street in New Orleans, Louisiana. Public water service and public sewer serve the property.
The property occupies a 0.1178-acre lot at 4518-20 Elba Street in New Orleans, Louisiana. Public water service and public sewer serve the property.
Key Highlights
- 1,900‑square‑foot duplex built in 2006
- 0.1178‑acre lot at 4518‑20 Elba Street, New Orleans
- Wood and tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,059
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,180
$481.2K
Cap Rate 7%
$343,700
$343.7K
Cap Rate 9%
$267,322
$267.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$37.6K $19.80/SF
− Vacancy
−$3.3K −$1.71/SF
EGI
$34.4K $18.09/SF
− OpEx
−$10.3K −$5.43/SF
NOI
$24.1K $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%
$481,180
Cap Rate 7%
$343,700
Cap Rate 9%
$267,322
Alternative Uses
Best Use
Multifamily LT 5
$343.7K
$300.7K – $401.0K
NOI $24,059 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$315.9K
$276.4K – $368.6K
NOI $22,114 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$482.9K
$422.6K – $563.4K
NOI $33,804 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
Explore this area
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
$428,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 share a driveway and have wood and tile flooring, central heating, and central air conditioning.
Where is this duplex located?
The property is located at 4518-20 Elba Street New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,900‑square‑foot duplex built in 2006; 0.1178‑acre lot at 4518‑20 Elba Street, New Orleans; Wood and tile flooring
