Renovated Duplex with Guest
For Sale
$514,900
4654 56 Baccich St, New Orleans, LA 70122
Two updated units and a detached suite provide flexible residential income-property functionality.
Property Size3,785 SF
Price / SF$136.04
Days on Market92
Property Features for 4654 56 Baccich St
General Information
Standard status
Active
Size
3,785 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR/2.5BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Year Built
1936
Listing Agency:
Talbot Realty Group
Listed By:
Christopher Talbot · License #000075986
(504) 319-1452
Source:
Dominionplace
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 7 at 3:42PM
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 Talbot Realty Group
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Investment Insights
Based on property information with market context.
This renovated duplex includes two 4BR/2.5BA units in the main building, which contains approximately 3,700+ SF. Interior features include hardwood flooring, refreshed kitchens with stainless appliances, and modernized bathrooms. A detached guest suite adds a full kitchen and can serve as extended living space, workspace, or supplemental income use. The guest suite is separate from the main living area.
The property includes off-street parking for multiple vehicles and is situated in Gentilly Terrace, with access to the Lakefront, I-610, and the French Quarter. The home was built in 1936, and improvements have been completed over time.
The property includes off-street parking for multiple vehicles and is situated in Gentilly Terrace, with access to the Lakefront, I-610, and the French Quarter. The home was built in 1936, and improvements have been completed over time.
Key Highlights
- Two 4BR/2.5BA duplex units
- Main building contains approximately 3,700+ SF
- Detached guest suite with full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,213
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,260
$784.3K
Cap Rate 7%
$560,186
$560.2K
Cap Rate 9%
$435,700
$435.7K
Market Conditions
NOI Build-Up for 3,785 SF
Gross rent
$61.3K $16.20/SF
− Vacancy
−$5.3K −$1.40/SF
EGI
$56.0K $14.80/SF
− OpEx
−$16.8K −$4.44/SF
NOI
$39.2K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,260
Cap Rate 7%
$560,186
Cap Rate 9%
$435,700
Alternative Uses
Best Use
Multifamily LT 5
$560.2K
$490.2K – $653.6K
NOI $39,213 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$486.6K
$425.8K – $567.7K
NOI $34,062 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$990.4K
$866.6K – $1.16M
NOI $69,329 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
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 updated units and a detached suite provide flexible residential income-property functionality.
Where is this duplex located?
The property is located at 4654 56 Baccich St New Orleans, LA.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: Two 4BR/2.5BA duplex units; Main building contains approximately 3,700+ SF; Detached guest suite with full kitchen
