2-Unit Duplex with Fenced
4519 Dhemecourt Street, New Orleans, LA 70119
For Sale
$469,000
Both residences have private outdoor space, with the owner’s home positioned separately at the rear of the property.
Property Size2,144 SF
Price / SF$218.75
Days on Market170
Property Features for 4519 Dhemecourt Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
private fenced-in yards
Building Details
Building Size
Year Built
Units
Listing Agency:
Engel & Völkers New Orleans
(504) 234-5000
Listed By:
Francesca A. Brennan · License LA #912122600
(504) 906-7428
Source:
Cypresskeyrealty
Added: May 29
Changed: Nov 6
Last Checked: Nov 13 at 1:31PM
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 Engel & Völkers New Orleans
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.
Built in 2015, this 2,144-square-foot duplex contains two homes, each with two bedrooms and one-and-a-half baths. Open-concept interiors connect the living areas, and each residence has its own fenced yard. The owner’s residence sits at the rear of the property, apart from the other home.
The property is in Mid-City, near local restaurants and bars, City Park, the Lafitte Greenway, St. Patrick Playground, and Mid-City Yacht Club.
The property is in Mid-City, near local restaurants and bars, City Park, the Lafitte Greenway, St. Patrick Playground, and Mid-City Yacht Club.
Key Highlights
- Two homes, each with 2 bedrooms and 1.5 baths
- 2,144‑square‑foot property built in 2015
- Separate fenced yards for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,148
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,960
$543.0K
Cap Rate 7%
$387,829
$387.8K
Cap Rate 9%
$301,644
$301.6K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$42.5K $19.80/SF
− Vacancy
−$3.7K −$1.71/SF
EGI
$38.8K $18.09/SF
− OpEx
−$11.6K −$5.43/SF
NOI
$27.1K $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%
$542,960
Cap Rate 7%
$387,829
Cap Rate 9%
$301,644
Alternative Uses
Best Use
Multifamily LT 5
$387.8K
$339.4K – $452.5K
NOI $27,148 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$356.5K
$311.9K – $415.9K
NOI $24,954 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$561.0K
$490.9K – $654.5K
NOI $39,271 @ 7.0% cap · market cap 8.37%
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
1,280
Businesses Nearby
Explore this area
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
$359,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Both residences have private outdoor space, with the owner’s home positioned separately at the rear of the property.
Where is this duplex located?
The property is located at 4519 Dhemecourt Street New Orleans, LA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Two homes, each with 2 bedrooms and 1.5 baths; 2,144‑square‑foot property built in 2015; Separate fenced yards for both residences
