Two-Unit Residential Income
For Sale
$315,000
4906 08 Burgundy Street, New Orleans, LA 70117
Duplex with two separate entrances, both under a new roof and featuring functional layouts and natural light.
Days on Market40
Property Features for 4906 08 Burgundy Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Additional Details
Business Included
No
Multifamily Units
2
Building Details
Building Size
1,778 SF
Year Built
1960
Listing Agency:
K Company Realty
(985) 981-7857
Listed By:
Lauren Buras · License #995702096
(985) 981-7857
Source:
Nolalivingrealty
Added: Jun 22
Changed: Jul 28
Last Checked: Jul 30 at 12:37PM
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 K Company Realty
Investment Insights
Based on property information with market context.
This duplex offers two residential units under a new roof. One unit has been updated with modern finishes, while the other is well-maintained but unrenovated. Both units feature functional layouts, separate entrances, and access to natural light.
The property is located in the Holy Cross area near Bywater and the St. Claude corridor. It’s positioned for consistent rental demand based on the area described in the remarks.
As a two-unit residential income property, it provides a straightforward configuration for investors seeking immediate rental income alongside the option to renovate over time.
The property is located in the Holy Cross area near Bywater and the St. Claude corridor. It’s positioned for consistent rental demand based on the area described in the remarks.
As a two-unit residential income property, it provides a straightforward configuration for investors seeking immediate rental income alongside the option to renovate over time.
Key Highlights
- Duplex built in 1960 with 2 units and functional layouts
- Both units have separate entrances
- Both units are under a new roof
Financial Insights For Multifamily LT 5
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 | $35.2k | $19.80 |
| − Vacancy | −$3.0k | −$1.71 |
| EGI | $32.2k | $18.09 |
| − OpEx | −$9.6k | −$5.43 |
| NOI | $22.5k | $12.66 |
1,778 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.6K
$281.4K – $375.2K
NOI $22,514 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$295.6K
$258.7K – $344.9K
NOI $20,694 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$451.9K
$395.4K – $527.2K
NOI $31,634 @ 7.0% cap · market cap 10.04%
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
607
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
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 - Duplex with two separate entrances, both under a new roof and featuring functional layouts and natural light.
Where is this duplex located?
The property is located at 4906 08 Burgundy Street New Orleans, LA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Duplex built in 1960 with 2 units and functional layouts; Both units have separate entrances; Both units are under a new roof
