Two-Unit Residential Income
4519 DHEMECOURT Street New Orleans, LA 70119
New
4519 DHEMECOURT Street, New Orleans, LA, 70119
$469,000
For Sale
$469,000
Other - New Orleans, LA
Property Size2,144 SF
Lot Size0.11 Acres
Price / SF$218.75
Days on Market5
Property Features for 4519 DHEMECOURT Street
General Information
- Property type
- Other
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Off Street
- Standard status
- Active
- APN
- 105308222
- Size
- 2,144 SF
- Lot size
- 0.11 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2015
- Floors in Building
- 2
- Building materials
- Other
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Engel & Völkers New Orleans
(504) 234-5000
2844 Magazine Street, New Orleans, LA
Listed by
Francesca Brennan
(504) 906-7428
Added: Jul 15 Checked: Jul 19 at 5:06 am
MLS# 2560434
Listing URL
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2015, this two-unit residential income property consists of two separate homes on one lot. Each home features 2 bedrooms and 1.5 baths, with open-concept floor plans and an owner’s residence privately situated at the rear of the property. Both homes include private fenced-in yards.
The property is located in Mid-City and is described as having easy access to City Park and the Lafitte Greenway. The listing also references proximity to St. Patrick Playground and Mid-City Yacht Club.
Set on an extra-deep lot, the property offers additional outdoor space and flexibility for future use. This configuration can support both owner-occupancy and rental income within the same parcel.
The property is located in Mid-City and is described as having easy access to City Park and the Lafitte Greenway. The listing also references proximity to St. Patrick Playground and Mid-City Yacht Club.
Set on an extra-deep lot, the property offers additional outdoor space and flexibility for future use. This configuration can support both owner-occupancy and rental income within the same parcel.
Key Highlights
- Two houses on one lot; both homes built in 2015
- Each home features 2 bedrooms and 1.5 baths
- Owner’s residence is privately situated at the rear of the property
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 | $42.5k | $19.80 |
| − Vacancy | −$3.7k | −$1.71 |
| EGI | $38.8k | $18.09 |
| − OpEx | −$11.6k | −$5.43 |
| NOI | $27.1k | $12.66 |
2,144 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 2015, this two-home setup offers two 2-bed, 1.5-bath residences on one lot with fenced yards.
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 houses on one lot; both homes built in 2015; Each home features 2 bedrooms and 1.5 baths; Owner’s residence is privately situated at the rear of the property
