Duplex with Driveway
4915-17 Bonita Drive, New Orleans, LA 70126
For Sale
New
$199,999
Multifamily, New Orleans, LA
Property Size1,975 SF
Lot Size0.14 Acres
Price / SF$101.27
Days on Market4
Property Features for 4915-17 Bonita Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Exterior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Angelique M Sterling · License LA #995693077
(504) 679-1525
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 14 at 5:06AM
MLS# 200SQH
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,975-square-foot duplex was built in 1953 and sits on a 0.14-acre lot. The property has been freshly painted and includes tile and laminate flooring, central heating and air conditioning, and rain gutters. A driveway provides off-street parking. The room list includes four bedrooms and two bathrooms across the property.
One unit is occupied by a long-term tenant, and the front unit is described as move-in ready. Public water and sewer serve the property.
One unit is occupied by a long-term tenant, and the front unit is described as move-in ready. Public water and sewer serve the property.
Key Highlights
- 1,975‑square‑foot duplex on a 0.14‑acre lot
- One unit has a long‑term tenant
- Front unit described as move‑in ready
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,136
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,720
$322.7K
Cap Rate 7%
$230,514
$230.5K
Cap Rate 9%
$179,289
$179.3K
Market Conditions
NOI Build-Up for 1,975 SF
Gross rent
$25.4K $12.84/SF
− Vacancy
−$2.3K −$1.17/SF
EGI
$23.1K $11.67/SF
− OpEx
−$6.9K −$3.50/SF
NOI
$16.1K $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 Rate 5%
$322,720
Cap Rate 7%
$230,514
Cap Rate 9%
$179,289
Alternative Uses
Best Use
Multifamily LT 5
$230.5K
$201.7K – $268.9K
NOI $16,136 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$222.2K
$194.4K – $259.2K
NOI $15,554 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$518.0K
$453.3K – $604.4K
NOI $36,261 @ 7.0% cap · market cap 18.13%
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
352
Businesses Nearby
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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
$187,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence has a long-term tenant, while the front residence is described as move-in ready.
Where is this duplex located?
The property is located at 4915-17 Bonita Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: 1,975‑square‑foot duplex on a 0.14‑acre lot; One unit has a long‑term tenant; Front unit described as move‑in ready
