Renovated 2-Unit
4623-25 Venus Street New Orleans, LA 70122
4623-25 Venus Street, New Orleans, LA, 70122
$440,000
For Sale
$440,000
Renovated in 2019, this duplex offers two separate units with private entrances and separate electric and gas meters.
Property Size3,583 SF
Price / SF$122.80
Days on Market375
Property Features for 4623-25 Venus Street
General Information
- Standard status
- Active
- Size
- 3,583 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1930
Listing agency
LATTER & BLUM
(504) 250-8202
Listed by
Marian Arnoult-Jackson · License #58114
(504) 250-8202
Source
Compass
Added: Jul 14, 2025 Updated: Jul 22 at 1:56PM Checked: Jul 22 at 1:56PM
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 LATTER & BLUM
Investment Insights
Based on property information with market context.
Renovated in 2019, this 3,583-square-foot, two-unit duplex offers an owner-occupy setup or income opportunity. The main unit features an open floor plan with a center island, pantry/storage, a half bath, and a first-floor kitchen, along with a versatile interior space accessed by garage doors. Upstairs, you’ll find two living areas, ample storage, walk-in closets, multiple bedrooms or a home office, and two full baths. A center bath includes stackable washer/dryer hookups. The second unit has a private side entrance with an open living/dining/kitchen area, a full utility room, a center bath, and a rear bedroom. Separate electric and gas meters serve each unit, and the property includes private side yards with a terraced lot plus offstreet parking.
Located at 4623-25 Venus Street in New Orleans, this property is noted as being in X Flood Zone.
The second unit is rented to a long-term tenant paying $1,300 per month, and the 4-bedroom unit is listed as available for $2,100 per month.
Located at 4623-25 Venus Street in New Orleans, this property is noted as being in X Flood Zone.
The second unit is rented to a long-term tenant paying $1,300 per month, and the 4-bedroom unit is listed as available for $2,100 per month.
Key Highlights
- Renovated 2019 2‑unit duplex with 3 full baths and 1 half bath, offering 6 bedrooms total
- Total 3,583 SF duplex on a terraced lot with private side yards and porch
- Second unit has a long‑term tenant paying $1,300/month
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 | $58.0k | $16.20 |
| − Vacancy | −$5.0k | −$1.40 |
| EGI | $53.0k | $14.80 |
| − OpEx | −$15.9k | −$4.44 |
| NOI | $37.1k | $10.36 |
3,583 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$530.3K
$464.0K – $618.7K
NOI $37,121 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$460.6K
$403.1K – $537.4K
NOI $32,244 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$937.6K
$820.4K – $1.09M
NOI $65,629 @ 7.0% cap · market cap 14.92%
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 in 2019, this duplex offers two separate units with private entrances and separate electric and gas meters.
Where is this duplex located?
The property is located at 4623-25 Venus Street New Orleans, LA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Renovated 2019 2‑unit duplex with 3 full baths and 1 half bath, offering 6 bedrooms total; Total 3,583 SF duplex on a terraced lot with private side yards and porch; Second unit has a long‑term tenant paying $1,300/month
