Duplex with Fenced
For Sale
$469,000
4519 DHEMECOURT Street, New Orleans, LA 70119
New Orleans, LA
Property Size2,144 SF
Price / SF$218.75
Days on Market95
Property Features for 4519 DHEMECOURT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Standard status
Active
Size
2,144 SF
Building Details
Year built
2015
Listing Agency:
Engel & Volkers New Orleans · Engel & Völkers
(504) 234-5000
Listed By:
Francesca Brennan
Added: Jul 17
Changed: Oct 14
Last Checked: Oct 19 at 8:06PM
MLS# 2560434
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.
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Investment Insights
Based on property information with market context.
Built in 2015, this 2,144-square-foot duplex comprises two homes, each with two bedrooms and 1.5 baths. Open-concept interiors connect the living areas, and each residence has its own fenced yard. The owner's home sits at the rear of the property, apart from the other residence.
The property is in New Orleans' Mid-City neighborhood, near City Park, the Lafitte Greenway, St. Patrick Playground, restaurants, and neighborhood bars. The two-home configuration supports owner occupancy with a separate residence that can be used for rental income.
The property is in New Orleans' Mid-City neighborhood, near City Park, the Lafitte Greenway, St. Patrick Playground, restaurants, and neighborhood bars. The two-home configuration supports owner occupancy with a separate residence that can be used for rental income.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 baths
- 2,144 square feet across both homes
- Built in 2015
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Fenced yard
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
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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 separate residences provide private outdoor space and a layout that accommodates owner occupancy alongside rental use.
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 residences, each with 2 bedrooms and 1.5 baths; 2,144 square feet across both homes; Built in 2015
