Renovated Duplex with Private
4621-23 Dryades Street New Orleans, LA 70115
4621-23 Dryades Street, New Orleans, LA, 70115
$610,000
Pending
For Sale
$610,000
Pending
Renovated duplex with a two-bedroom owner unit and a one-bedroom rental plus a spacious backyard and deck.
Property Size2,061 SF
Days on Market23
Property Features for 4621-23 Dryades Street
General Information
- Standard status
- Pending
- Size
- 2,061 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1930
Listing agency
REVE, REALTORS
(504) 352-3303
Listed by
Tracey Moore · License #000073376
(504) 352-3303
Source
Compass
Added: Jun 30 Updated: Jul 21 at 8:47PM Checked: Jul 21 at 8:47PM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This renovated duplex includes an L-shaped, two-bedroom, two-bath owner’s unit and a separate one-bedroom, one-bath rental on the opposite side. The owner’s unit was meticulously renovated in 2019 and features refinished hardwood floors, tall ceilings, cypress interior doors, and decorative fireplaces. An updated kitchen and baths complement the layout, with a spacious rear den and dining area that opens to a large private backyard and deck.
The property is commercially zoned (HU-B1), with the provided zoning information noting it allows for a variety of retail options. The address is in New Orleans, within a walkable area described as being near French Truck Coffee, Manale’s, Charlie’s Steakhouse, Mardi Gras parades, and the Freret St. Corridor.
The two sides are described as easily combinable and capable of being transformed into a single-family home, while the current configuration supports either supplemental income or an owner-occupied setup with the rental unit used for an office or business.
The property is commercially zoned (HU-B1), with the provided zoning information noting it allows for a variety of retail options. The address is in New Orleans, within a walkable area described as being near French Truck Coffee, Manale’s, Charlie’s Steakhouse, Mardi Gras parades, and the Freret St. Corridor.
The two sides are described as easily combinable and capable of being transformed into a single-family home, while the current configuration supports either supplemental income or an owner-occupied setup with the rental unit used for an office or business.
Key Highlights
- Renovated 1930 New Orleans double with a 2‑bed, 2‑bath owner unit and a 1‑bed, 1‑bath rental unit
- Owner unit renovated in 2019 with refinished hardwood floors, tall ceilings, cypress interior doors, and decorative fireplaces
- Open layout with a spacious rear den and dining area that opens to a huge private backyard and deck
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 | $27.7k | $13.44 |
| − Vacancy | −$2.4k | −$1.16 |
| EGI | $25.3k | $12.28 |
| − OpEx | −$7.6k | −$3.68 |
| NOI | $17.7k | $8.60 |
2,061 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.1K
$221.4K – $295.3K
NOI $17,715 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$224.3K
$196.3K – $261.7K
NOI $15,703 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$543.8K
$475.8K – $634.4K
NOI $38,063 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated duplex with a two-bedroom owner unit and a one-bedroom rental plus a spacious backyard and deck.
Where is this duplex located?
The property is located at 4621-23 Dryades Street New Orleans, LA.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Renovated 1930 New Orleans double with a 2‑bed, 2‑bath owner unit and a 1‑bed, 1‑bath rental unit; Owner unit renovated in 2019 with refinished hardwood floors, tall ceilings, cypress interior doors, and decorative fireplaces; Open layout with a spacious rear den and dining area that opens to a huge private backyard and deck
