Duplex with Ground-Floor
New
For Sale
$699,000
4674 76 Franklin Ave, New Orleans, LA 70122
A furnished lower-level apartment has its own front and side entrances, complementing the residence’s flexible layout.
Property Size3,480 SF
Lot Size0.29 Acres
Price / SF$200.86
Days on Market4
Property Features for 4674 76 Franklin Ave
General Information
Standard status
Active
Size
3,480 SF
Lot size
0.29 Acres
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Road Access
Yes
Building Details
Year Built
1940
Listing Agency:
Crane Realtors
Listed By:
Aaron Dare · License #995681183
(504) 210-2014
Source:
Dominionplace
Added: Oct 4
Last Checked: Oct 5 at 7:35PM
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 Crane Realtors
Investment Insights
Based on property information with market context.
Built in 1940, this 3,480-square-foot duplex includes a furnished ground-floor apartment with three bedrooms and one full bathroom. The upstairs living areas feature long-leaf pine floors, 10-foot ceilings, fir French doors and millwork, and a sunroom. A walk-in dressing room could be returned to use as a third bedroom. The apartment has a front patio entry and a separate entrance on Carnot Street. Electrical was replaced in 2011; the main-house roof was replaced four years ago, and roofs over the garage/workshop, outdoor kitchen, and breezeway were replaced six years ago. Other features include Hardie plank siding, spray-foam attic insulation, two central HVAC systems, and mini-splits in select rooms.
The property occupies a 100-by-128-foot double corner lot with gardens and mature live oaks. Outdoor improvements include a covered kitchen with a DCS range, commercial sinks, counter seating, and surround-sound speakers. A 446-square-foot workshop and 572-square-foot two-car garage provide additional enclosed space. The gated breezeway and carport connect to a parking pad suitable for a trailer or boat. The property is in an X flood zone and is wired and plumbed for a future pool.
The property occupies a 100-by-128-foot double corner lot with gardens and mature live oaks. Outdoor improvements include a covered kitchen with a DCS range, commercial sinks, counter seating, and surround-sound speakers. A 446-square-foot workshop and 572-square-foot two-car garage provide additional enclosed space. The gated breezeway and carport connect to a parking pad suitable for a trailer or boat. The property is in an X flood zone and is wired and plumbed for a future pool.
Key Highlights
- Duplex includes a furnished three‑bedroom, one‑bathroom ground‑floor apartment
- 3,480 square feet on a 100‑by‑128‑foot double corner lot
- 446‑square‑foot workshop and 572‑square‑foot two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,054
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,080
$721.1K
Cap Rate 7%
$515,057
$515.1K
Cap Rate 9%
$400,600
$400.6K
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$56.4K $16.20/SF
− Vacancy
−$4.9K −$1.40/SF
EGI
$51.5K $14.80/SF
− OpEx
−$15.5K −$4.44/SF
NOI
$36.1K $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%
$721,080
Cap Rate 7%
$515,057
Cap Rate 9%
$400,600
Alternative Uses
Best Use
Multifamily LT 5
$515.1K
$450.7K – $600.9K
NOI $36,054 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$447.4K
$391.5K – $522.0K
NOI $31,317 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$910.6K
$796.8K – $1.06M
NOI $63,742 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - A furnished lower-level apartment has its own front and side entrances, complementing the residence’s flexible layout.
Where is this duplex located?
The property is located at 4674 76 Franklin Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Duplex includes a furnished three‑bedroom, one‑bathroom ground‑floor apartment; 3,480 square feet on a 100‑by‑128‑foot double corner lot; 446‑square‑foot workshop and 572‑square‑foot two‑car garage
