Brick Duplex with Off-Street
For Sale
$214,999
4715-17 Lynhuber Drive, New Orleans, LA 70126
Two residential units provide separate back yards and central air.
Property Size2,127 SF
Price / SF$101.08
Days on Market337
Property Features for 4715-17 Lynhuber Drive
General Information
Standard status
Active
Size
2,127 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
off-street parking
back yards
Central Air
Central
1
2
5
Asphalt
Slab: Traditional
Brick
Building Details
Year Built
1971
Construction
brick
Listing Agency:
The Pellerin Group NOLA LLC
Listed By:
Nicole Pellerin · License #995704017
(504) 628-7723
Source:
Compass
Added: Oct 2, 2025
Changed: Sep 2
Last Checked: Sep 1 at 10:50PM
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 The Pellerin Group NOLA LLC
Investment Insights
Based on property information with market context.
Located at 4715-17 Lynhuber Drive in New Orleans, this two-unit residential income property contains 2,127 square feet and was built in 1971. The all-brick structure is arranged as a duplex with one three-bedroom, one-bath unit and one two-bedroom, one-bath unit.
Each residence includes off-street parking and its own back yard, giving the property useful separation between occupants. Central air is also included, and the building rests on a traditional slab foundation. The property is situated in New Orleans East and offers a configuration suited to continued income use or owner occupancy with a second unit.
Each residence includes off-street parking and its own back yard, giving the property useful separation between occupants. Central air is also included, and the building rests on a traditional slab foundation. The property is situated in New Orleans East and offers a configuration suited to continued income use or owner occupancy with a second unit.
Key Highlights
- 2,127‑square‑foot duplex built in 1971
- Unit mix includes one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
- All‑brick exterior with traditional slab foundation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,378
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,560
$347.6K
Cap Rate 7%
$248,257
$248.3K
Cap Rate 9%
$193,089
$193.1K
Market Conditions
NOI Build-Up for 2,127 SF
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.
Gross rent
$27.3K $12.84/SF
− Vacancy
−$2.5K −$1.17/SF
EGI
$24.8K $11.67/SF
− OpEx
−$7.4K −$3.50/SF
NOI
$17.4K $8.17/SF
Area
ZIP 70126
Vacancy
9.10%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,560
Cap Rate 7%
$248,257
Cap Rate 9%
$193,089
Alternative Uses
Best Use
Multifamily LT 5
$248.3K
$217.2K – $289.6K
NOI $17,378 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$239.3K
$209.4K – $279.2K
NOI $16,751 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$557.9K
$488.2K – $650.9K
NOI $39,052 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 70126, LA
30,397
Population
12,686
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
87%
High-School Grad
12.1 sq mi
ZIP Area
2,512
Density / Sq Mi
$38,229
Median Household Income
$29,510
Median Earnings
$1,118
Median Rent
$187,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide separate back yards and central air.
Where is this duplex located?
The property is located at 4715-17 Lynhuber Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $214,999.
What are key features of this property?
This property features: 2,127‑square‑foot duplex built in 1971; Unit mix includes one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit; All‑brick exterior with traditional slab foundation
