Two-Unit Duplex with
For Sale
$449,000
4901 03 Danneel St, New Orleans, LA 70115
Historic double offers two separately configured residences with flexible office space, period details, laundry storage, and off-street parking.
Property Size2,106 SF
Price / SF$213.20
Days on Market50
Property Features for 4901 03 Danneel St
General Information
Standard status
Active
Size
2,106 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Uptown
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
hardwood floors
decorative fireplaces
storage/laundry room
off-street parking
Building Details
Year Built
1920
Buildings
1
Construction
shotgun double
Listing Agency:
United Real Estate Partners LLC
(504) 305-4930
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Sep 7
Changed: Oct 26
Last Checked: Oct 24 at 4:20PM
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 United Real Estate Partners LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two residences, each with two bedrooms, two full bathrooms, a bonus office, hardwood flooring, and a decorative fireplace. Both sides also include dedicated storage and laundry areas, while off-street parking adds practical convenience. The property provides 2,106 square feet of combined building area.
The duplex is located in Uptown New Orleans, a few blocks from St. Charles Avenue and near local universities. Downtown and the hospital district are accessible by commute, and the property is within walking distance of Mardi Gras parade routes.
The duplex is located in Uptown New Orleans, a few blocks from St. Charles Avenue and near local universities. Downtown and the hospital district are accessible by commute, and the property is within walking distance of Mardi Gras parade routes.
Key Highlights
- 2,106 SF duplex built in 1920
- Each unit includes 2 bedrooms and 2 full baths
- Bonus office space provided on both sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,101
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,020
$362.0K
Cap Rate 7%
$258,586
$258.6K
Cap Rate 9%
$201,122
$201.1K
Market Conditions
NOI Build-Up for 2,106 SF
Gross rent
$28.3K $13.44/SF
− Vacancy
−$2.4K −$1.16/SF
EGI
$25.9K $12.28/SF
− OpEx
−$7.8K −$3.68/SF
NOI
$18.1K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,020
Cap Rate 7%
$258,586
Cap Rate 9%
$201,122
Alternative Uses
Best Use
Multifamily LT 5
$258.6K
$226.3K – $301.7K
NOI $18,101 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$229.2K
$200.6K – $267.4K
NOI $16,046 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$555.6K
$486.2K – $648.2K
NOI $38,894 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,496
Businesses Nearby
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Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Historic double offers two separately configured residences with flexible office space, period details, laundry storage, and off-street parking.
Where is this duplex located?
The property is located at 4901 03 Danneel St New Orleans, LA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,106 SF duplex built in 1920; Each unit includes 2 bedrooms and 2 full baths; Bonus office space provided on both sides
