Duplex with Off-Street
4774 Werner Drive New Orleans, LA 70126
4774 Werner Drive, New Orleans, LA, 70126
$165,000
For Sale
$165,000
Duplex on a corner lot with two units featuring 3 beds and 1 bath each, plus off-street parking.
Property Size1,864 SF
Price / SF$88.52
Days on Market199
Property Features for 4774 Werner Drive
General Information
- Standard status
- Active
- Size
- 1,864 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1980
Listing agency
Levy Realty Group LLC
(504) 237-2464
Listed by
Stylist Bartholomew · License #995696673
(504) 237-2464
Source
Compass
Added: Jan 5 Updated: Jul 22 at 8:02PM Checked: Jul 22 at 8:02PM
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 Levy Realty Group LLC
Investment Insights
Based on property information with market context.
This duplex offers two separate units, each with 3 bedrooms and 1 bathroom. Off-street parking is available for residents, and the property is set up as a straightforward rental investment with the opportunity for updates and improvements.
The home is located in a quiet neighborhood on a corner lot in New Orleans East at 4774 Werner Drive. Each unit’s rent may align with the stated HANO payment standard of up to $1,813 per unit, for a possible total maximum rental income of $3,626.
For buyers or investors looking for a two-unit structure with consistent unit layouts and practical parking, this property is ready to be evaluated in person—schedule a private showing to review the condition and next steps.
The home is located in a quiet neighborhood on a corner lot in New Orleans East at 4774 Werner Drive. Each unit’s rent may align with the stated HANO payment standard of up to $1,813 per unit, for a possible total maximum rental income of $3,626.
For buyers or investors looking for a two-unit structure with consistent unit layouts and practical parking, this property is ready to be evaluated in person—schedule a private showing to review the condition and next steps.
Key Highlights
- Duplex on a corner lot with 2 units, each offering 3 bedrooms and 1 full bathroom
- Off‑street parking available for both units
- Central heating and central air conditioning
Local Financial Insights For Apartment 5plus
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 | $28.9k | $15.48 |
| − Vacancy | −$2.2k | −$1.16 |
| EGI | $26.7k | $14.32 |
| − OpEx | −$12.0k | −$6.44 |
| NOI | $14.7k | $7.88 |
1,864 SF · lease $15.48/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$217.6K
$190.4K – $253.8K
NOI $15,229 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$209.7K
$183.5K – $244.7K
NOI $14,680 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$488.9K
$427.8K – $570.4K
NOI $34,223 @ 7.0% cap · market cap 20.74%
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 - Duplex on a corner lot with two units featuring 3 beds and 1 bath each, plus off-street parking.
Where is this duplex located?
The property is located at 4774 Werner Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Duplex on a corner lot with 2 units, each offering 3 bedrooms and 1 full bathroom; Off‑street parking available for both units; Central heating and central air conditioning
